Remove 2020 Remove Instant Payments Remove Real Time Payments
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QR Code and Instant Payments Drive Cambodia’s E-Commerce Surge

Fintech News

In Cambodia, booming adoption of digital payments is driving a surge in e-commerce activity, with QR code payments and more broadly the Bakong real-time payment system gaining significant traction, according to a new report by Profitence, a corporate finance firm-based in Cambodia. billion in 2024.

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Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account With BSP

Fintech Finance

Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.

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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

It facilitates secure peer-to-peer transfers, as well as payments for goods and services by integrating with digital payment systems like UPI in India or by linking to credit and debit cards in other countries. In India, WhatsApp Pay was initially introduced in 2020 with a 40 million user cap. PhonePe has an estimated 47.8%

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Paymentology’s predictions for 2025

The Payments Association

Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8 Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies. Real-time payments (RTP) could reach $193.1

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The Journey of Payments and Clearing Systems in India

Finextra

Immediate Payment Service (IMPS) (2010): NPCI launched IMPS, enabling instant 24x7 interbank fund transfers, a crucial step towards ubiquitous real-time payments. RuPay Cards (2012): NPCI launched Indias domestic card payment network, reducing reliance on international schemes and promoting domestic processing.

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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

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OpenPayd Launches Pix Instant Payments

Fintech Finance

Today, the global provider of embedded finance infrastructure, OpenPayd , announces its clients can now send and receive payments via Pix, the Brazilian real-time payment network. Pix local payments in contrast are available 24/7 and a much cheaper, more reliable option for businesses and consumers alike.