Friday, December 07, 2018 9:39:48 AM
Payment solutions have grown rapidly through new, innovative technology. Despite the technological advancement, some payment platforms may experience delays throughout transactions or during processing. The demand for a more convenient, secure and high-speed fund transfer has caused the real-time payments market to flourish. According to data compiled by Infinium Global Research , the global real-time payments market is projected to grow at a CAGR of 30.4% during the forecast period of 2018-2024. The market is being driven by the demand to fulfill consumers' expectations on payment solutions, which is causing a widespread and growing adoption among financial institutions. Real-time payment guarantees the immediate availability of funds as opposed to traditional payment solution methods, providing a more reliable method for person-to-person (P2P), person-to-bank (P2B), and bank-to-person (B2P) transactions. GreenBox Pos LLC (OTC: GRBX), First Data Corporation (NYSE: FDC), The Western Union Company (NYSE: WU), LexinFintech Holdings Ltd. (NASDAQ: LX), USA Technologies, Inc. (NASDAQ: USAT)
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