Trends in Instant Payment Systems for Emerging Markets

Hot take: while crypto bros debate the future of money, Brazil already built it. PIX has become the dark horse of global financial inclusion—and it's reshaping how we think about payment infrastructure: 🔗 150M+ users in 4 years (fastest adoption of any major payment system globally) • Over 33% of ALL banking transactions in Brazil • $30B recurring payment market just unlocked with PIX Automático Here's the strategic shift most are missing: ✓ PIX is already live in Argentina and Uruguay, with US expansion planned. This isn't just growth—it's Brazil building the payment rails for emerging markets while traditional players fight over saturated Western markets. ✓ The partnership with Bank for International Settlements to connect global instant payment systems isn't just technical—it's geopolitical. Brazil's central bank is arguably the most innovative globally, and they're quietly building the infrastructure for tomorrow's cross-border flows. ✓ Streaming companies use PIX for only 2% of transactions, SaaS for 13%. With Brazil's large unbanked and underbanked population, PIX Automático doesn't just add features—it creates entirely new addressable markets. ✓ While Silicon Valley optimizes for the already-banked, Brazil built for true financial inclusion at scale. The implications ripple far beyond payments: • Recurring business models suddenly accessible to millions of previously excluded Brazilians • Cross-border remittances could bypass traditional correspondent banking • Card networks face their first real infrastructure-level competition in LATAM PIX isn't just disrupting payments—it's proving that emerging markets can leapfrog legacy financial architecture entirely. ❓The question that keeps me up: Are we witnessing the birth of a parallel financial system that makes Western payment rails look antiquated? What's your take—is PIX the blueprint for the Global South's financial independence? #PIX #FinTech #Brazil #LATAM #FinancialInclusion #EmergingMarkets #Payments

Fast Forward: Unveiling Global Trends in Fast Payments (2022) BIS published payment statistics for 2022 for select countries and that included a table on fast payment usage. An anlysis based on that data provides valuable insights into the adoption and usage of fast payments across various countries based on BIS data. Here are the key takeaways: 1. India dominates in terms of fast payment volume with 79.63 billion transactions. 2. India also has the highest contribution of fast payments to total cashless transactions at 76.5%, highlighting the significant role of UPI and IMPS in driving cashless payments. 3. High Growth Rates in Emerging Markets: While India shows impressive volume, countries like Türkiye (155.70%), Brazil (151.90%), and Argentina (133.50%) witnessed significantly higher growth rates in fast payment volume compared to India's 84.90% in 2022. This suggests rapid adoption and potential for future growth of faster payments in these emerging markets. 4. Per Inhabitant Usage: Developed vs. Developing: South Korea leads in per inhabitant usage with 154 transactions, followed by Brazil (112), Sweden (88), and Argentina (86). This indicates a strong preference for fast payments in these countries. Surprisingly, some developed nations lag behind: France (3), Spain (11), and Japan (15) have notably low per inhabitant transaction volumes. Overall, this analysis highlights the representative diverse landscape of fast payment adoption across different geographies. While India leads in volume and contribution to cashless payments, emerging markets like Türkiye and Brazil show remarkable growth. Interestingly, developed nations like France and Japan exhibit lower per inhabitant usage, suggesting the complex interplay of various factors influencing fast payment adoption. It's important to note that this analysis is based on a limited set of countries (11 for which CPMI data is fully available where as there are more than 60 known instant payment / fast payment systems in operations across the world. So caution is warranted) and may not represent the global picture. Further research and analysis considering additional factors like already well adopted instruments like payment cards & ACH, cultural preferences, regulatory environments, etc., would provide a more nuanced understanding of fast payment adoption trends worldwide. Alternate views are welcome. #npci #rbi #BIS #fasterpayments PS. Views are personal. Errors are mine. Civilised discussions please..

This morning we were taken on a tour of the world of instant payments with Craig Ramsey from ACI Worldwide, Elizabeth McQuerry from Glenbrook Partners, Erika Baumann from Datos Insights and Rusiru Gunasena from The Clearing House. "Prime Time for Real-Time Global Payments Report" Key Takeaways: . Explosive Growth: Instant payment transactions reached 260B globally. . Adoption varies dramatically: Some countries (India, Brazil, Indonesia, Nigeria) see massive usage, while others (France, Mexico, South Africa) lag behind. . Barriers include: Outdated infrastructure, cost of implementation, user understanding of benefits, and competition from existing payment methods. . Success factors: Government enablement (Saudi Arabia) and addressing specific needs (cross-border for Indonesia). When modernizing the infrastructure and upgrading to ISO20022 means that when it works, it works well. .Watch these regions: Saudi Arabia, Mexico . Lessons & Trends: Success hinges on cost, convenience, and clear value propositions for users. Watch out for cloud adoption, ISO20022 implementation, and innovative use cases in emerging markets. What instant payment trends are catching your eye? Let's discuss in the comments! #instantpayments #globalinstantpayments #paymentstransformation #instantpaymentsmaven #thefutureisnow