The action is in full swing

There’s no shortage of action in the four countries with live real-time payment systems in the Americas: Brazil, Chile, Mexico and the United States.

Real-time transaction values in Mexico and Brazil surged this year and more than half of the demand deposit accounts in the U.S. are now connected to its real-time network, RTP.

More entrants to the faster payments field

The Central Bank of Brazil announced that its new instant payment system, PIX, will launch in November 2020. The United States launched its first real-time payments network in 2017, but talk of new real-time initiatives from FedNow and the Faster Payments Council are now underway. Canada will launch its new real-time payment system in 2022.

Read our exclusive interview with The Clearing House on what’s next for real-time payments in the U.S. in this year’s report.

Which country saw the biggest growth in annual real-time value?

Which country saw the biggest growth in annual real-time value?

Brazil saw the largest surge in the annual value sent over new real-time payment rails in the Americas, with an eleven percent increase.

How many financial institutions in the U.S. are currently implementing RTP?

How many financial institutions in the U.S. are currently implementing RTP?

More than 130 financial institutions are currently implementing RTP—a five-fold increase since September 2019.

Which two countries in the Americas were the first to launch real-time payments systems?

Which two countries in the Americas were the first to launch real-time payments systems?

Brazil launched its funds transfer system SITRAF in 2002; Mexico followed in 2004 with SPEI.

Download your Flavors of Fast 2020 Report.