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Business
Industry andmarket overview
41
Worldline
2016 Registration Document
Immediate Payments
Immediate payments (also referred to as instant or real-time
payments) have incredible potential for both retail and
corporate payments and the long-term impact on the payment
ecosystem will be significant. Throughout the world, the number
of real-time payment initiatives of one form or another is
increasing. In Europe, the European Payment Council published
its
SEPA Instant Credit Transfer (SCT Inst) scheme rulebook and
EBA Clearing, the bank-owned pan-European clearing house,
recently announced it had secured the support of nearly 40
financial institutions in its efforts to build a pan-European instant
payment platform.
According to the 2016 World Payment Report, Immediate
Payments have many advantages over cash and cheques and
are thus ideally suited to replace these instruments. However,
driven by mobile applications, they also have the potential to
challenge the debit card. The key success factors are all within
reach, in particular ubiquity, interoperability, enhanced user
experience and price.
REAL-TIME PAYMENT INITIATIVESAROUNDTHEWORLD
Mexico -SPEI
Brazil -SITRAF
Chili -TEF
Switzerland -SIC
UnitedKingdom -FPS
Danemark -Realtime24/7
Norway -InstantPayments
Sweden -BIR
Finland
Poland -ELixir
Turkey -TIC
India -IMPS
China -IBPS
Japan -Zengin
SouthKorea -HOFINET
Taïwan -FISC
Singapore -FAST
Australia -NPP
Inoperation
Partialorplanned
Nigeria -NIBSS
USA -NATCHA
Samedayclearing
Source : Capgemini/RBS-World payment report (2015)