May 02, 2024


Instant payments will necessitate European infrastructure overhaul

As mandated real-time payments loom, Europe’s banks and other payment providers must look at modernising legacy infrastructure.

Are European banks underestimating how many payments they will need to process per second to support instant payments?

According to a survey of 200 senior payment professionals at European banks published by RedCompass Labs in late March, most lenders are aiming to be able to process 100 to 300 payments per second by the end of 2025. Just 5% said they were targeting above 1,000.

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