Faster payments, which enable the quick settlement of transactions, are attracting greater interest from US financial institutions, businesses, and consumers, creating new challenges and opportunities for payments incumbents.

Top 10 countries for real-time payments

B2B, C2C, and B2C payments all stand to gain from shorter settlement times, which offer greater financial flexibility and control. Faster payments’ speed also provides valuable transparency for firms, which benefit from the certainty of immediate payment.

The pandemic accelerated payments industry digitization across the entire landscape, as merchants turned to ecommerce to keep doors open, consumers eschewed cash in favor of electronic and contactless payments, and payments technology providers rapidly developed and launched new solutions to keep up.

Comparatively, 31% of non-minority-owned US small businesses were unable to afford rent in the same time period. More like this:. Report: The Rise of Real-Time Payments. Article: Zelle’s small-business transaction volume surged 180% in Q1, aiding overall business growth. Article: Retailers may want to upgrade their stores as consumers prepare to boost brick-and-mortar spending this spring.

Blockchain is attracting enormous interest on the back of surging cryptocurrency valuations and increasingly high-profile payment integrations. But as a real payment currency, blockchain-based cryptocurrency still must overcome many hurdles before it can truly disrupt the space.

It’s also worth noting that tighter restrictions may help real-time payments gain momentum among merchants—they circumvent cards altogether, providing a more cost-effective approach to transactions.

To simplify authentication, biometric data from phones can automate sign-ins. 5G’s higher bandwidth can also increase the security measures to encrypt payments. Moreover, the rise of 5G-enabled fintech solutions will put more pressure for real-time payments beyond TCH, so institutions should also consider how to bring the advantage of real-time payments to consumers.

As volume and usage swell across mcommerce, mobile peer-to-peer payments, and mobile proximity payments, major wallet providers are angling to become users' primary wallet across mobile payment types. Three Key Questions This Report Will Answer:. How is US mobile payment usage growing across mcommerce, mobile peer-to-peer payments, and mobile proximity payments?

Medtronic and Surgical Theater partnered to use AR to boost real-time neurosurgery visualizations. While hospitals like Johns Hopkins are turning to AR to streamline surgeries, it’ll likely take some time before cash-strapped hospitals can hope for wide-scale implementation of the tech.

Livestreaming is a small but growing part of creator culture. Much like Stories, livestreaming is a way for creators and other influential figures on social media to present content that is often less polished than photos or recorded video. Livestreams also give influencers a way to interact with their audience in real time through live chat.