This whitepaper highlights how real-time payments (RTPs) are transforming financial services by enabling instant, secure, and efficient fund transfers. RTP adoption is accelerating globally, with systems like FedNow in the US, PIX in Brazil, SCT Inst in Europe, and UPI in India driving innovation. Benefits include improved cash flow, accounting efficiency, customer satisfaction, and financial inclusion. However, adoption faces challenges such as legacy systems, infrastructure limits, regulatory hurdles, and security risks. Aspire and Finastra address these through cloud-native platforms, Payment Hub-as-a-Service, and ISO 20022 readiness, helping financial institutions modernize, reduce costs, and deliver new services.

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