Hero background

Instant Payments

Instant Payments will change the world. Is your organisation ready?

A generational opportunity

Instant Payments promise to be one of the greatest innovations in modern banking history. However, it is up to individual payment service providers (PSPs) to capitalize on this opportunity.

 

While many territories have already begun the migration towards instant payments, others lag behind. The sooner your organization begins to implement Instant Payments, the more prepared you’ll be for this seismic shift.

A group of friends paying together by phone at a restaurant

Instant payments around the world

What are instant payments?

Whereas traditional bank-to-bank transactions can take hours or even days to clear, Instant Payments will allow banking customers to send and receive payments in as little as ten seconds. They are also known as real-time payments, instant transactions and instant transfers.

Instant Payments promise to reshape the global financial services landscape, offering new capabilities and opportunities for both customers and payment services providers (PSPs):

An icon showing a text message bubble

Immediate confirmation and real-time settlement

Giving customers and businesses greater control over their finances.

Icon showing a single cog

Increased automation

Leading to reduced levels of manual interaction in payment processing.

Icon showing global connectivity

24/7 availability and universal accessibility

Allowing anyone, anywhere in the world to benefit

How RedCompass Labs can help

Global payments experts

Why choose RedCompass Labs?

We’ve helped some of the biggest banks on the planet embrace the future of payments.

22+

years in payments modernization

24

countries

200+

years combined banking experience

500+

successful projects

Get ready for Instant Payments with RedCompass Labs

Whatever your needs, our team is on hand to support you.