Flavors Of Fast
Welcome to the 5th annual edition of FIS’ premier global faster payments report
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Live Schemes
FAST FACTS
See facts and FPII Rankings for the US, the UK, Germany, Australia, Hong King, Singapore, & India.
GROWTH AND ADOPTION
Transaction volumes and usage increased dramatically in some parts of the world.
NEW SCHEMES
Since our last report, 15 countries have launched faster payments schemes; there are now a total of 40 countries who have live schemes around the globe.
UNDER DEVELOPMENT
In 2018, five countries—Canada, Czech Republic, Hong Kong, Hungary and Malaysia—have faster payment schemes under development.
ON THE RADAR
16 Countries Consider the Need for Speed

2018 Scheme Highlights

Growth And Adoption

New Schemes

Under development

On The Radar

Fast Facts

FAST FACTS
See facts and FPII Rankings for the US, the UK, Germany, Australia, Hong King, Singapore, & India.
FAST FACTS : AUSTRALIA
Scheme Name: New Payments Platform (NPP)
Scheme Live: 2018
Included in the Australian 2018/19 federal budget for its role in moving Australia to a more efficient, innovative digital economy
First overlays are a suite of services known as Osko, starting with an instant payment service. It offers funds transfer using the national alias, PayID, and went live with the NPP launch. Download All Country Rankings - OR - Read about faster payments in Australia
FPII Rank
4+
/5
FAST FACTS : GERMANY
Scheme Name: SEPA Instant Credit Transfer (SCT Inst)
Scheme Live: 2017
All Sparkassen (385 banks) went live July 2018.
Volksbanken (about 1000 banks) will go live this year. Download All Country Rankings - OR - Read about faster payments in Germany
FPII Rank
4
/5
FAST FACTS : UNITED STATES
Scheme Name: RTP – Real-Time Payments
Scheme Live: 2017
First new major payments infrastructure since the ACH in the 1970s.
Tracking to reach 50% of U.S. banks and credit unions by end of 2018. Download All Country Rankings - OR - Read about faster payments in U.S.
FPII Rank
4
/5
FAST FACTS : UNITED KINGDOM
Scheme Name: UK Faster Payments
Scheme Live: 2008
22 directly connected institutions and 400+ that are indirectly connected.
Launched overhaul of the UK payment strategy in 2017. Download All Country Rankings - OR - Read about faster payments in U.K.
FPII Rank
4
/5
FAST FACTS : SINGAPORE
Scheme Name: FAST - Fast and Secure Transfers
Scheme Live: 2014
Consumers and businesses can move funds between checking and savings accounts, and to credit and debit card accounts (if participating bank allows).
The 20 participating banks account for for the bulk of Interbank GIRO transactions in Singapore Download All Country Rankings - OR - Read about faster payments in Singapore
FPII Rank
4+
/5
FAST FACTS : INDIA
Scheme Name: Immediate Payment Service (IMPS)
Scheme Live: 2010
Most evolved, sophisticated public digital payments infrastructure in the world
Unified Payments Interface (UPI), an overlay on IMPS, gives an API interface to developers to enable payment initiation and collection Download All Country Rankings - OR - Read about faster payments in India
FPII Rank
5
/5