Volume of Real-time Payments Surges During Pandemic, FIS Reports in New Study
Summary
R2P systems offer a convenient and flexible way for people, businesses and governments to request a payment from a third party. FIS supports real-time payments across the globe, processing instant transactions in 24 countries including the U.S., China, India, Australia and the UK. “ The current pandemic has highlighted the critical importance of instantly getting funds in the hands of those who need it, whether individuals or businesses,” said Raja Gopalakrishnan, head of Global Real-time Payments at FIS. “ This year’s FIS Flavors of Fast report shows that as real-time payments networks mature, they are bringing value beyond speed. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights.