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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2.

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FIS Unlocks Second Half of FedNow® Instant Payments Network Potential with New Send Certification

Fintech Finance

FIS (NYSE: FIS), a global leader in financial technology, has announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserves FedNow instant payment service.

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Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2.

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Mashreq Becomes the First Bank in the UAE to Offer Aani Instant Payments for SMEs via Mashreq Biz App

Fintech Finance

Mashreq , one of the leading financial institutions in the MENA region, has announced the launch of Aani Instant Payments, a new solution enabling SME businesses to collect payments from their customers instantly, securely, and seamlessly with no IBAN required.

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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. million transactions in 2023, up 28.7%

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RTP® Network Hits $481 Billion in Q2 as Higher-Value Instant Payments Surge

Fintech Finance

RTP Network Instant Payments surged to $481 billion in Q2 2025, driven by rising demand for high-value, real-time transactions. Businesses and banks are leveraging the upgraded $10 million limit to streamline portfolio transfers, real estate deals, and B2B payments—boosting both speed and confidence in instant settlement.

RTP
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Wallet wars: How digital payments are reshaping finance

The Payments Association

Early 2000s The turn of the millennium saw the rise of tech companies attempting to break into new ground in the digital payments and e-commerce space, with PayPal at the forefront. The fintech pioneered the first phase of digital payments, enabling secure online transactions and laying the groundwork for future wallet technologies.