When the Federal Reserve launches its real-time payments network, FedNow in July, it will be a major catalyst for growth in instant payments, said ACI Worldwide in a recent announcement.
Real-time transactions in North America are expected to grow from 3.9 billion in 2022 to 13 billion by 2027, a compound annual growth rate of 27.3%, it added. But that will still leave North America well behind the rest of the world.
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