Instant Payments Set to Displace Cards in Europe, Report Says – Paybefore

More than $809 billion is set to switch to the fledgling instant payments system in Europe by 2027, representing a significant threat to cards, according to a new report from Ovum, a London-based consultancy. Instant, or real-time, payments enable account-to-account bank transfers in seconds instead of days.

Sourced through Scoop.it from: paybefore.com

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