Instant Payments

Innovative instant payment services are transforming the global financial landscape

Instant Payments

The growth of digital in our day-to-day lives has transformed people’s expectations around payments. Instant payments technology in particular has driven global consumer demand to be able to pay and be paid in real time, putting the onus on market infrastructures to meet these expectations.

Whilst instant payments initiatives have initially centred around domestic retail payments, these are expected to evolve into the corporate, B2B segment and cross-border space. Regulations, such as PSD2 are also driving innovation and new business models, while market initiatives, such as ISO 20022 standardisation are promoting collaboration and harmony.

Although approaches can differ, the key requirements and desire are the same – to deliver instant value, increase payment efficiency and to boost innovation. 

Reach and ubiquity necessary for instant payments

Instant PaymentsReach and ubiquity necessary for instant payments
Instant payments
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Reach and ubiquity necessary for instant payments

SWIFT for instant payments

Find out how SWIFT is leveraging our expertise in payments to facilitate real-time initiatives.

The New Payments Platform

Hear how SWIFT has revolutionised payments in Australia.

Instant payments in Europe

Carlo Palmers and Isabelle Olivier from SWIFT explain our vision for instant payments.

Our latest insights on instant payments

14 May 2018: Italian financial community discuss challenges and opportunities in the new payments landscape

21 March 2018: The City UK report: UK Turkey FinTech Working Group

14 February 2018: SWIFT revolutionises Australian banking with real-time payments

12 February 2018: SWIFT confirms its commitment to TIPS and ESMIG at ECB event

12 February 2018: The new payments landscape

8 November 2017: Reaping the rewards of instant payments takes work

Sibos 2017 write up: Instant payments over SWIFT

6 November 2017: SWIFT to support instant payments in Hong Kong

11 July 2017: SWIFT offers an instant payments messaging service

28 June 2017: Instant Payments is coming to Europe