Real-time payments have allowed consumers and businesses to experience how beneficial, fast, and easy payments can be. These innovations have also raised the bar when it comes to expectations of cross-border money movement experiences. Individuals and businesses want and need rapid access to funds, as well as transparency, regardless of where payments originate.

Real-time payments also change the dynamic of the relationship between buyers, sellers, and services by delivering more immediate access to value. And, they increasingly allow customers and businesses to gain greater control over their finances.

Banks, FinTechs, remitters, and other entities in the payments ecosystem that can deliver on these evolving expectations stand to grow and thrive in an increasingly global economy.

Visa clients and other cross-border users need quick transactions and payments that are integrated into all relevant digital payment flows. Much of the existing, legacy technology used by many organizations, however, is increasingly challenged to support next-generation cross-border money movement expectations and keep pace with changing regulatory requirements. Adding to the challenges, modern technology is often not compatible with legacy infrastructure, requiring organizations to make huge investments in time and resources. Additionally, it is cost-and time-intensive to build, operate, and manage a modern money movement platform.

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