Remove 2018 Remove Interbank Settlement Remove SWIFT
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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Market Growth : BNPL saw a 400% increase in usage globally since 2018 and is expected to grow 17% annually through 2028. Wholesale CBDCs focus on interbank settlements, enhancing security and efficiency in large transactions between financial institutions.

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Peru Taps Vocalink In Payments System Overhaul

PYMNTS

Separately, a number of retailers, among them giants Target and Walmart, have requested that the Federal Reserve create a real-time interbank settlement system. SWIFT has said it is working with 14 banks globally. Vocalink also has been involved in the launch of The Clearing House’s RTP in the U.S.,