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The new market research suite by Juniper Research offers a comprehensive assessment of the B2B payments market. Instant payment innovation cutting costs for businesses The research anticipates the adoption of ISO20022 , a universal standard for instant payments’ financial messaging.
Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. ISO20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.
When analysts from SWIFT and its ISO20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.
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