Believe it or not, real-time payments are already changing the face of treasury. They offer an opportunity to rethink legacy payments, collections and liquidity management processes, glean valuable data, and add strategic value to the business. Instant payments are also a huge enabler of real-time treasury. But the rewards can only be reaped if treasurers embrace the possibilities that instant payments offer, and if regulators and banks continue to push towards global, not just local, real-time payments capabilities.
Head of Cash Products for Cash Management, Global Transaction Banking
The era of real-time payments is upon us. Over 30 real-time payments schemes are now operational worldwide, with more on the cusp of going live, or in the development pipeline. As Craig Ramsey, Head of Real-Time Payments, ACI Worldwide, explains: “Real-time payments (RTPs) are happening all across the globe, with many countries either having a defined strategy or closing in on one. And it’s not just the developed markets that are doing this, all economies are pushing ahead with RTPs, with some of the best initiatives coming from developing or less mature markets.”