Finance
Instant payments success decided by ecosystems, not infrastructure
Instant payments do not automatically spread simply because a real-time payment network has been built, an analysis showed. Adoption speed depends more on existing national payment ecosystems, including card and cash habits, merchant participation and pricing policies. McKinsey classified the global market into three types: markets where instant payments are the main method, those where they complement card ecosystems, and those where they compete with entrenched habits. India and Brazil were cited as success cases.
