Instant Payments enable banks to process transactions within seconds on a 24/7/365 basis. We believe that real-time payments will become the new normal – not only for domestic but also for cross-border transactions. Implemented domestic instant payment schemes have proven to be a success in countries such as the United Kingdom, Japan, Poland, Sweden, Denmark, Singapore and Mexico. In the Netherlands seven Dutch banks started to introduce instant payments using our CSM (Clearing and Settlement Mechanism) system in 2019.
Due to the large-scale launch of real-time payments in the Netherlands, equensWorldline has become the biggest processor of instant payments in the Eurozone, handling millions of instant payment transactions per week.