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Real-time payment adoption set to take off

The latest edition of an annual Business Payments Barometer has revealed that one in three businesses plan to adopt real-time payments in the year ahead – a trend that will very much impact treasurers.

According to Bottomline’s fourth annual Business Payments Barometer, the payments sector is we’re seeing digitisation place pressure on technology companies and banks to adjust their solutions to suit a faster, dynamic, more competitive, and open environment. Eleven years after its initial launch, the adoption of Faster Payments appears to be on the up with this year’s report indicating that the majority of financial decision makers predict their business will be processing payments in real-time by 2020.

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