Even though 61% of large firms say they think real-time payments offer competitive advantages, many also admit that they rarely use them. In a survey of 100 executives for the "Real-Time Payments: How Speed Is Changing The Mix of Business Payments" report done by PYMNTS and The Clearing House, we delve into this adoption-usage conundrum to find out what's keeping companies on the RTP sidelines.
ING's announcement that it is winding down its Yolt open banking platform not only leaves one less player in a highly competitive B2B banking space but is expected to set off a land grab and innovation spree to pick up abandoned business clients and dazzle them with new money movement features.
Reeju Datta, co-founder at Cashfree Payments, explains how the country's new Liberalized Remittance Scheme will spur development of new digital use cases while also opening up markets abroad as providers move to capture new fund flows.