Instant payments, which allow for near-instantaneous fund transfers, are becoming the dominant payment rail, offering consumers greater financial control and confidence. Financial institutions are responding to increasing consumer demand for faster, more convenient payment options by investing in real-time payment systems. These systems provide several advantages: speed, certainty, convenience, and cost efficiency. Instant payments enhance cash flow management, improve liquidity for businesses, and reduce operational costs for institutions. As technology and consumer preferences evolve, legacy systems will be phased out, and instant payments will become the norm.

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