The march towards faster payments continues apace. As more countries come online with real-time rails, they also spur on others to follow suit. Today, more than 23 countries are operating, implementing or in the process of developing real-time retail payments systems (RT-RPS).
The UK and, more recently, Singapore have launched immediate payments platforms, while Australia and Bahrain are in the process of implementing new RT-RPS. Other jurisdictions are working closely with key industry stakeholders to map out future infrastructures, notably the US, Canada and the eurozone.
