Neal Morgan, CPA’s Post

Real-time payments are changing the game! Learn how they're shaping the future of #payments around the world in our latest blog. https://bit.ly/4bIiJIH #RealTimePayments #InstantPayments #RealTime #WeAreIR

🌎 Real-Time Payments: Driving Global Transformation 🌎 Real-time payments are revolutionizing the world by addressing real-world challenges with speed, cost-efficiency, and convenience. They enhance business liquidity, boost bank efficiency, and drive financial inclusion and transparency. ✨ Key Insights from ACI’s Prime Time for Real-Time® Report 2023 ✨   📈 Record Growth: 266.2 billion transactions globally, a 42.2% year-over-year increase. 🤝 Collaboration: Governments, banks, fintechs, and regulators are working together, resulting in innovative new use cases. 📱 Consumer Adoption: Merchants and consumers are embracing real-time payments via apps, QR codes, and mobile wallets. 🌐 Global Impact: Countries with large populations and cash economies are leading the way, setting the stage for real-time remittance and cross-border payment corridors. 🏛 Opportunities for Financial Institutions 🏛: Real-time payments offer a path to more efficient, lower-cost transactions, engaging consumers and providing commercial advantages. The shift towards collaboration with fintechs is crucial for expanding real-time ecosystems and driving innovation. 📊 Success Stories and Future Trends 📊: In-depth analyses of markets like India, Brazil, and the Netherlands reveal the power of real-time payments in driving economic benefits. The next big frontier is cross-border payments, with initiatives like G20 and EU Instant Payments mandates paving the way. ☀ Why It Matters ☀: Real-time payments are becoming a cornerstone of financial inclusion and economic growth strategies worldwide. As we move towards 2028, where over a quarter of all electronic payments will be real-time, the continued modernization of payment systems is essential. Let’s embrace the future of payments, unlocking economic, competitive, and operational advantages globally! https://lnkd.in/d2Y2FwZZ #RealTimePayments #Fintech #FinancialInclusion #EconomicGrowth #Innovation #GlobalFinance #DigitalTransformation #PaymentsRevolution

Exciting times in the payments industry as we kick off the new year with fresh innovation! Explore the trends we predict shaping the landscape in the coming months. What other significant trends are catching your attention in the payments space? https://bit.ly/490vqNF #WeAreIR🔍💳 #PaymentsInnovation #2024Trends

And the #payments innovations keep coming! Take a look at some more trend that we predict will shape the year ahead. What other trends are you noticing in the payments landscape? https://bit.ly/3udLuNd

Digital wallets, Pay by Bank, and Push to Card are changing cross-border payments! 💳 Learn how these innovations are transforming the way we pay across borders. Read PYMNTS article here 👉🏼 https://bit.ly/3UBdAN6 #PrepayNation #Prepaid #B2BMarketplace #Mobile #Data #Airtime #Bundles #eGiftcard #Utility #CrossBorder #TopUp #Payments #Remittances #RechargeYourBusiness

Cards and payments are becoming one of the most dynamic sectors in financial services. According to a recent report, 2024 will lay the foundation for the future of payment rails, infrastructure, and customer experience. Stay ahead of the game and read the Payments 2024 outlook here: https://lnkd.in/gjEVGyWC. #payments #financialservices #futureoutlook

After the payments industry’s incredible decade of growth and recent years of volatility, more change seems inevitable. It’s likely the sector will face difficult times as cash-to-card conversion slows. However, another wave of technological innovation is on the horizon with real-time payments, cross-border payments, and commercial payments. And on the consumer side, a future that further links loyalty, commerce, and payments seems near. https://lnkd.in/gxq3bRuH? #payments #fintech stcr=6DFC967FC60B42EBA3880270E7D32A8B&cid=other-eml-alt-mip-mck&hlkid=5a0bf9d01b24496192658d48fcaf5b6d&hctky=2609379&hdpid=00b75bca-0b64-4706-8c30-fb28b2c656f0

🌍 Account-to-Account (A2A) Payments Will Be Huge In The Global North And South 💳 In a recent Forbes article, David Birch explored the rising tide of account-to-account (A2A) payments using the 2024 Payments Innovation Jury Report as a main source 🚀 A2A Payments: What's the Buzz? A2A payments, facilitating direct transfers between bank accounts through burgeoning instant payment networks, are gaining traction across the globe. This method bypasses traditional card networks, offering a streamlined, efficient alternative 🌐 Trends in the Global North vs. South ⬆ ⬇ The dynamics of A2A adoption vary significantly between developed and emerging markets. • In the Global North, the battle between cards and A2A/mobile money is a stalemate. With significant volumes seen in Europe's A2A systems like Poland’s BLIK, the Netherlands' IDEAL, and Sweden's Swish, it’s clear that the era of card dominance faces robust competition 🇪🇺 • In the Global South, A2A and mobile #money are not just competing but leading. With Brazil's PIX dominating the scene, traditional #card networks find themselves playing catch-up in markets ripe for digital transformation 🌏 Digital Wallets: Banks in the Lead 🏦 Interestingly, banks are positioned to dominate the #digitalwallet space amidst these shifts, outpacing telcos and social media giants. This reflects a strategic pivot to embrace innovation, either through acquisition, alliance, or imitation, leveraging their vast customer networks 💼📲 The Verdict As we march towards a post-card world, the signs are clear: #A2A payments are not just an emerging trend but the future. With their ability to cater to the evolving needs of both the Global North and South, their role in shaping the next era of #payments is undeniable 🌟 Read the full article here: https://lnkd.in/dsyk66Ug

Today we will tell you more on the #payments ecosystem in #Sweden from our white paper, "Key Players in the EU Payments Landscape 2023": https://lnkd.in/eFsQKXP8 #Sweden is widely referred to as a pioneer in the move towards a cashless society. Currently, cash is mainly used to make small payments and by the elderly. In 2022, cash usage has once again decreased by 5% and the central bank Riksbank has indicated that it would continue following this trend, while reassuring that cash would still have a role to play in Sweden’s future.    This decrease is due to the emergence of new alternative credit-based payment methods developed by Swedish fintechs such as Klarna and Trustly, and the convenience of mobile payments offered by Swish.   Sweden is one of the leading countries in terms of fintech performance. This position explains the success of the abovementioned fintechs but also other Swedish fintechs that are currently booming, including the open banking enabler Tink and the mobile banking application ROCKER.   Sweden’s banks are usually considered as strong and high-performing compared to their European peers. The largest banks in Sweden are Handelsbanken, SEB and Swedbank. They are followed by the Finnish Nordea and the Danish Danske Bank. In addition, smaller Swedish regional banks such as Ikano Bank and Resursoperate in the Nordics and cover a significant market share of the Swedish banking sector.   Sweden is home to two payment gateways operating on an international level: Zettle by PayPal, and Bambora(part of Worldline). PayEx is another payment gateway operating on a regional level. DIBS Payment from Netsis also a regional player and offers gateway and acquiring services.   Two other interesting companies in Sweden include Smart Refill AB and Intergiro – which both hold e-money licences. Smart Refill AB is the leading fintech partner for TelCos by connecting their integrated payment solution to their existing systems. Intergiro offers embedded finance and business banking solutions.   Want to know more about the Swedish payment ecosystem? Download our report our report “Key Players in the EU Payments Landscape 2023” to find out: https://lnkd.in/eFsQKXP8

Payments Vision 2025 was released with the core theme of e-Payments for Everyone, Everywhere, and every time. The Vision aims to provide every user with safe, secure, fast, convenient, accessible, and affordable e-payment options. The vision document emphasises the 5 Is/anchor goalposts of integrity, inclusion, innovation, institutionalisation and internationalisation that drive the payment systems. https://lnkd.in/gNeUfT_d