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Nonbanks Lead Expansion Into Real-Time Payments

  • 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.

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