In the coming years, real-time payments are set to increase exponentially and by 2026, are forecasted to account for 26% of the total electronic payments. With certain growth ahead, governing bodies and payment regulators play a crucial role in advancing their country's payment systems to create an ecosystem that unlocks economic growth and benefits all system participants.
This report from Mastercard provides a holistic approach for payment system regulators to assess their real-time payments readiness across various stages of their payments modernization journey. The merits and drawbacks of a regulatory-first approach are first discussed before diving into a real-time payments readiness framework accompanied by country-wide case studies.
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