Le Lézard
Classified in: Science and technology
Subjects: Photo/Multimedia, Survey, Economic News/Analysis

Global Real-Time Payments Growth "Sustainable" As New Use Cases Push Transactions to Record Highs ? ACI Worldwide Report


Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023?a year-over-year (YoY) growth of 42.2%?according to the 2024 Prime Time for Real-Time report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company.

While previous reports highlighted the economic benefits of real-time payments and consumer uptake around the world, this year's report?now in its fifth edition?takes a deep dive into some of the world's leading real-time payments markets, highlighting the factors that have enabled those countries to build successful end-to-end real-time payments ecosystems. The report also reveals that many of the newer market entrants around the globe are quickly catching up, with lawmakers and central banks around the world pushing for adoption, determined to reap the economic benefits of real-time payments and drive financial inclusion for their citizens.

Key Findings at a Glance

Market Deep-Dives: Lessons from the Most Successful Real-Time Payments Markets

For the first time, this year's report takes a deep dive into five of the most successful real-time payments markets worldwide?India, Brazil, Indonesia, Malaysia, and Netherlands?analyzing the driving factors and use cases that have allowed those countries to develop thriving real-time payment ecosystems with the power to transform businesses and improve consumers' lives.

"This year's report highlights the key success factors that have allowed some countries to forge ahead with real-time payments modernization and reap enormous benefits for consumers and businesses," said Craig Ramsey, global head of real-time payments, ACI Worldwide. "Modern real-time payments require collaboration, and they encourage a new generation of market entrants for banks to either compete or cooperate with ? often both. The world's most successful real-time payments schemes, notably those in India and Brazil, also feature use cases that have proved popular beyond imagination."

"Real-time payments?and especially cross-border payments?are the future. They remove payments friction, provide greater liquidity in the financial system, and ultimately drive economic growth and financial inclusion," said Debbie Guerra, chief product officer, ACI Worldwide. "Banks should consider whether they are truly maximizing the real-time rails in their market, and whether limiting their commitment to the minimum also means limiting their potential share of the future of payments."

Note to editors: All key facts and figures at a glance can be found in our Prime Time for Real-Time 2024 Infographic.

About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2024
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.


These press releases may also interest you

at 00:03
Wondershare has announced the latest update to its industry-leading video editing software, Filmora 13.5. This version introduces upgraded features designed to augment editors' creativity and improve efficiency while delivering high-quality...

21 jun 2024
Firefly Aerospace, Inc., an end-to-end space transportation company, today announced its Alpha Flight 5 (FLTA005) mission, called Noise of Summer, is scheduled to launch no earlier than June 26. The 30-minute launch window will open at 9 p.m. PST....

21 jun 2024
Bristol Myers Squibb  today announced that the U.S. Food and Drug Administration (FDA) has granted accelerated approval for KRAZATI® (adagrasib) in combination with cetuximab as a targeted treatment option for adult patients with KRASG12C-mutated...

21 jun 2024
Carbeeza Inc. ("Carbeeza" or the "Company") announces today that it has received a Statement of Claim filed by Northern Micro Inc. and IDX Systems Corp. in the amount of approximately $2,175,000, claimed in connection with alleged unpaid...

21 jun 2024
A Phase 1 study of oral ecnoglutide (1871-LB) showed it to be safe and well tolerated and result in pronounced weight loss (up to -6.76% after 6 weeks of dosing). Improved oral bioavailability enables a 15 to 30 mg daily dose of oral ecnoglutide to...

21 jun 2024
The Daniel G. Calugar Foundation is pleased to announce that Karen Huang has been named one of the 2024 recipients of the Academic Achievement Merit Scholarship. As one of 10 scholarship winners, Karen will receive $10,000 toward her studies at...



News published on and distributed by: