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So Much More Than Payments. The term real-timepayments is “a bit of a misnomer,” Whisler said, since the actual payment is just one piece of a much broader transaction and experience, that includes instant confirmation of the payment and additional data about the transaction.
And while we are making significant progress towards creating a faster, digital payments experience for domestic transactions – with real-timepayment growth expected to increase from 734 million in 2019 to 4.2 billion by 2024 – cross-border faster payments is an area that still needs some work.
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