The Rise of Real Time Payments

 

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Real-time payments can also help businesses in strengthening their cash flows and subsequently in improving their operational efficiencies, budgeting, and overall cash management. Hence, the growing preference for this payment mode among businesses is particularly expected to drive the market growth. A survey conducted by ACI Worldwide, a payment system company, in 2018 revealed that 77% of the merchants worldwide are expecting real-time payments to replace physical payment cards.