Thirteen countries in APAC are live with real-time payments now that Vietnam has launched its system. New Payments Platform Australia will soon expand the diversity of real-time use cases that serve its 68.5 million connected accounts with the launch of its mandated payments service (MPS).
India further fueled real-time innovation by expanding real-time business services and announced a new umbrella entity (NUE) to bolster India’s real-time retail payments infrastructure across ATM, white label, point of sale, payment and remittance services. Read exclusive insights from payments leaders in India in our Flavors of Fast 2020 Report.
Asian countries are creating standardized QR codes for domestic markets including Thailand, Singapore, Sri Lanka, Philippines, Malaysia, India and Hong Kong.
The Republic of Korea, with 85+ real-time transactions per year, per citizen.
Thailand and Malaysia