Real-time payments are becoming the new standard for fast, efficient, and convenient transactions, revolutionizing money movement globally.
Nonbank entities are increasingly joining the real-time payments space, indicating a shift towards broader adoption and innovation in faster payment systems.
Retail giant Walmart is venturing into real-time payments with a new pay-by-bank option, aiming to streamline transactions and avoid costly interchange fees.
The expansion of real-time payment systems globally creates opportunities for nonbank players like Walmart to enhance customer service and drive mainstream adoption of instant payments.