Answering to the demand of consumers and retailers and the developing 24x7x365 economy many initiatives across Europe and the world have been started to speed up and extend the availability of traditional payment processing.
Payments Advisory Group is actively involved in the development of Instant Payments (scheme rules, clearing & settlement requirements, implementation guidelines, etc.) on a national and a European level, already working together in assignments with Payment Service Providers, Processors, and national and international payment associations.
Furthermore, Payments Advisory Group has been asked and accepted to take a seat on the Editorial Advisory Board of InstaPay, the world’s first Instant Payments intelligence hub, launched on June 9, 2016.
Instant Payments (also known as real-time or immediate payments) are expected to become “the new normal” for financial transactions.