Instant cross-border payments, with G20 recommendation, are coming

A superb discussion at EBAday 2023 was on the move to real-time cross border payments everywhere. Movement from next daypayment delivery into the bank account to within an hour to become the new norm.
โ€œThe G20 proposed standard of 75% payments made within 60 minutes.โ€
The G20 standard coupled with the EU are mandating instant euro payments by year-end is pushing the payment industry. The UK shows virtually everyone likes instant payments. In the UK Automated Push Payments are growing at 30% per year the Payment System Regulator (PRS) mandated 100% reimbursement for APP Frauds.ย ย ย 

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