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EP725: The challenges to instant payments adoption and why Europe lags
Episode 725
Published 1 year, 8 months ago
Description
Thomas Warsop, President & CEO, ACI Worldwide
The new EU Instant Payments Regulation came into force in April 2024 and apply in two phases. PSPs will have 9 months to comply for receiving instant payments, and 18 months for sending them. ACI Worldwide’s 2024 Prime Time for Real-Time report, says by 2028, instant payments are forecast to account for 13% of all electronic payments in Europe, up from 8% in 2023. But Europe is lagging behind other regions – what’s the story and what are the challenges facing instant payment adoption around the world? Thomas Warsop, President and Chief Executive of ACI Worldwide speaks to Robin Amlôt of IBS Intelligence.