Democratising access to real-time paymentsSeptember 1, 2019 | By James Sherwin-Smith
As the pace of digital growth accelerates, demand for instant payments is increasing.
Real-time payments support financial inclusion, enable business growth, and drive the transformation to a digital economy. Richer messaging capabilities foster innovation and stimulate competition among participants old and new; but real-time payments infrastructures can be costly and difficult to implement.
Leveraging Mastercard’s scale and Vocalink’s expertise, we’re deploying regional managed services to enable a future where payments keep pace with the way we live, work and do business.
Our managed services model includes the following real-time payment solutions:
- A multi-tenant real-time clearing and settlement infrastructure that supports ISO 20022 messaging standards, with secure connectivity solutions for financial institutions of all sizes and pre-processing solutions for bulk and batch input
- End user applications for person-to-person payments, online and in-store retail payments, bill payments, and business and government disbursements
- Consulting and data analytics services, including cross-border financial crime solutions, supported by a 24x7x365 security and operations centre
Mastercard’s regional managed services for real-time payments significantly lower costs and other barriers to entry for banks, central banks, operators and governments looking to modernise their payment systems. Now launching in Latin America, Asia-Pacific and Europe, and soon in the Middle East & Africa, we’re embarking on a strategy to democratise access to real-time payments for people, businesses, banks and governments around the world.
Learn more at vocalink.com/realtimepayments