Instant payments are the current ally of customers and companies
The elimination of delays with traditional payments, in addition to the security of transactions, are invaluable achievements of instant payment systems
Instant payments have arrived to solve the delays of traditional systems, responding to an old need of companies and consumers.
Sending money instantly is also another of the benefits of instant payout, as it speeds up payments for workers, customers, and services.
In 2023, according to the Prime Time for Real-Time 2024 report, 19.1 % of all electronic transactions were real-time payments. Estimates for between now and 2028 are for an increase of over 25 %.
This instant payment solution allows for quick access to accounts or funds, “immediate notification upon receipt of a payment, the ability for these payments to be automatically reflected in customer accounts, and the importance of receiving remittance details along with payments made.”
Immediacy is undoubtedly the value most appreciated by corporations and customers, since the release of money is executed in seconds, as well as the customer’s access to the funds.
Undoubtedly, the collection and payment departments of companies appreciate the implementation of increasingly faster mechanisms without too much bureaucracy.
M.Pino
Source: elcomercio
(Reference image source: Getty Images for Unsplash+)
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