ACI-2021年实时数字支付报告（英文）-2021.5-69页_28mb

Summary of "Prime Time For Real-Time"

Core Content

This report explores the rapid growth and adoption of real-time payments (RTP) globally, emphasizing how the COVID-19 pandemic accelerated the shift from traditional payment methods to digital, real-time alternatives. It highlights the role of acquirers, payment networks, and consumer behavior in driving this transformation and outlines the strategic importance of RTP in both consumer and business contexts.

Main Viewpoints

• Real-Time Payments Growth: The pandemic has significantly accelerated the adoption of RTP, compressing years of digital transformation into a few months. Countries with robust digital payment infrastructures have been better equipped to handle the economic impact of the crisis.

• India as a Benchmark: India is the world's largest RTP market and serves as a model for how RTP can be adopted and scaled. Its success in expanding RTP use cases beyond P2P and merchant payments to include bill, tax, and toll payments showcases the potential for innovation once the infrastructure is in place.

• Request to Pay (R2P): R2P is a key innovation in RTP that gives consumers control over their payments. It allows businesses to request payments directly through consumers' mobile banking apps, enhancing convenience and security. R2P is becoming a global trend, with different names used across regions (e.g., "Collect" in India, "Request to Pay" in Europe).

• Acquirers' Role and Challenges: Acquirers are under pressure to modernize their systems to keep up with the rapid pace of change. They are increasingly adopting cloud-based solutions to enable faster, more flexible payment processing. The report emphasizes that acquirers must go beyond just enabling payments and add value through overlay services like R2P.

• Cloud and Data-Driven Models: The cloud is playing a pivotal role in enabling acquirers to modernize quickly. It allows for phased transformations, supports automation, and enables rapid deployment of new payment services. This is particularly important in markets where legacy systems are a barrier to innovation.

• Impact of the Pandemic on Payment Behavior: The shift to digital and real-time payments has been dramatic. Consumers and businesses are moving away from cash and checks, favoring faster, more secure methods. This has led to a greater focus on online and contactless payment options, with real-time payments offering a compelling alternative to traditional card-based transactions.

• Global Expansion and Localization: While RTP is becoming more widespread, the report stresses the importance of localizing use cases to meet specific market needs. Localized RTP schemes are critical to driving adoption, as consumer behavior, mobile usage, and business structures vary widely across regions.

• Future Opportunities: The report identifies B2B use cases as a promising avenue for RTP growth, offering high-margin opportunities and larger transaction values. It also highlights the potential for real-time payment systems to integrate with emerging technologies like CBDCs and blockchain.

Key Information

Real-Time Payment Schemes by Region

North America

• Canada: Interace-Transfer (Live, 2002)
• USA: RTP & Zelle (Live, 2017), FedNow (Planned, 2024)

Asia

• China: IBPS (Live, 2010)
• Hong Kong: FPS (Live, 2018)
• Indonesia: Yet to launch (Planned, 2025)
• Japan: Zengin System (Live, 1973)
• Kazakhstan: ISMT (Planned, 2025)
• Malaysia: DuitNow (Live, 2018)
• Philippines: InstaPay (Live, 2018)
• Russia: FPS (Live, 2019)
• Thailand: PromptPay (Live, 2016)

Europe

• Austria: SCT Inst (Live, 2017)
• Belgium: SCT Inst (Live, 2019)
• Czech Republic: Instant Payment (Live, 2018)
• Denmark: Straksclearing (Live, 2014)
• Estonia: SCT Inst (Live, 2014)
• Finland: Siirto (Live, 2017), SCT Inst (Live, 2018)
• France: SCT Inst (Live, 2018)
• Germany: SCT Inst (Live, 2017)
• Greece: IRIS (Live, 2017)
• Hungary: AFR (Live, 2020)
• Iceland: CBI (Live, 2020)
• Italy: SCT Inst (Live, 2017)
• Latvia: EKS Zibmaksajums (Live, 2017)
• Lithuania: CENTROlink (Live, 2017)
• Luxembourg: BILnet (Live, 2020)
• Netherlands: SCT Inst (Live, 2019)
• Norway: Straksbetalinger (Live, 2013), Vipps (Live, 2015)
• Poland: Express Elixir (Live, 2012), BlueCash (Live, 2012)
• Portugal: SIBS (Live, 2018)
• Romania: Plati Instant (Live, 2005)
• Serbia: IPS (Live, 2018)
• Slovakia: Planned (2022)
• Slovenia: Flik (Live, 2020)
• Spain: SCT Inst (Live, 2017), Bizum (Live, 2016)
• Sweden: BIR (Live, 2012)
• Switzerland: TWINT (Live, 2016)
• Turkey: RPS (Live, 2012)
• UK: Faster Payments (Live, 2007)

Middle East, Africa and South Asia

• Bahrain: EFTS (Live, 2015)
• Egypt: Yet to launch (Planned, TBD)
• Ethiopia: EATS (Live, 2011)
• Ghana: GIP (Live, 2007)
• India: IMPS (Live, 2010), UPI (Live, 2016)
• Kenya: PesaLink (Live, 2017)
• Kuwait: NBK Quick Pay (Live, 2018)
• Lebanon: Zaky (Live, 2020)
• Nigeria: NIP (Live, 2011)
• Oman: MPCSS (Live, 2017)
• Pakistan: Raast (Live, 2021)
• Qatar: QMP (Live, 2020)
• Saudi Arabia: Yet to launch (Planned, 2021)
• South Africa: RTC (Live, 2006)
• Sri Lanka: LankaPay (Live, 2017)
• Tanzania: TIPS (Live, 2019)
• UAE: IPI (Live, 2019)

Latin America

• Argentina: DEBIN (Live, 2017), PEI (Live, 2016)
• Brazil: SITRAF (Live, 2002), PIX (Live, 2020)
• Chile: TEF (Live, 2008)
• Colombia: Transfiya (Live, 2019)
• Mexico: SPEI (Live, 2004)
• Peru: Immediate Interbank Transfers (Live, 2016)
• Uruguay: No scheme in place
• Venezuela: No scheme in place

Thematic Insights

• Request to Pay (R2P): A major trend in RTP, R2P allows businesses to request payments directly from consumers, who then authorize the transaction. It provides convenience and control, aligning with modern consumer expectations and offering a secure, familiar payment method.

• Consumer Payments Modernization: The focus is on enhancing the consumer experience through real-time payment services. Merchants and acquirers must adapt to this trend to remain competitive.

• Business-to-Business (B2B) Use Cases: While P2P and C2B transactions drive volume, B2B use cases offer higher margins and larger transaction values. They represent a growing area of opportunity for real-time payment networks.

• Cloud and Data-Driven Models: The cloud is enabling acquirers to modernize quickly, supporting automation, scalability, and integration with emerging technologies. It is also allowing for more effective partnering with fintechs.

• Localization and Use Cases: Successful RTP adoption requires localized use cases that reflect regional market dynamics, including consumer behavior, mobile usage, and business structures. These localized approaches are the "last mile" in driving adoption.

• Future of Real-Time Payments: The report forecasts continued growth in RTP adoption, driven by both consumer demand and business needs. It emphasizes the importance of agile modernization strategies and the need for acquirers to innovate beyond mere payment facilitation.

Conclusion

Real-time payments are becoming the backbone of modern financial systems, driven by the pandemic and evolving consumer and business expectations. The report underscores the need for acquirers to adopt cloud-based solutions, focus on R2P and other overlay services, and tailor their strategies to local market conditions. As RTP adoption continues to expand, it is expected to play a central role in shaping the future of digital payments globally.