Many countries around the world have transitioned to or are at least in the process of implementing an instant payments environment. Proponents argue that this model offers consumers and businesses an easy, cost-effective approach to making payments with the certainty expected in the instantaneous, real-time world of the internet. Here, The Banker talks to two industry experts, Isabel Schmidt of Deutsche Bank and Christopher Schmitz of EY, to gauge their views on possible future developments.
The Banker: The topic of the day appears to be ‘instant payments’. Is this a new phenomenon that is going to transform the payments industry?
