Also known as instant or real-time payments, fast payments are characterized by the instant transmission of the payment message and by the immediate availability of funds to the beneficiary on a 24/7/365 basis. Innovations in the global fast payments landscape occur daily. Although major inventions and updates move at a rapid pace, major trends and directions have emerged and can help us make sense of this dynamic landscape. With a deep understanding of country context and use-case specific approaches, jurisdictions can build inclusive, sustainable, and innovative fast payment systems for their populations.
In this webinar, Colin Colter (Payments Consultant, World Bank) and Claudio Ceresani (Senior Payments Consultant, World Bank) discuss major trends and updates in fast payment systems around the world and what tomorrow might hold.