Home / Business Infographics / A Global Move Towards Real-Time Payments – Everything You Need to Know

A Global Move Towards Real-Time Payments – Everything You Need to Know

There are various factors that are contributing to worldwide payment reform. These include the need to reduce fraudulent activity; the need to streamline transaction processes; and the demand for instant payments from the government, businesses, consumers and receivers.

There is a growing concern among financial institutions and governments regarding payment processing reform and the decreasing need for cash payments. In response to this concern, Vocalink have conducted a study to assess whether the move towards real-time payment systems is warranted.

A Global Move Towards Real-Time Payments - Everything You Need to Know

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