The majority (83%) of financial industry professionals expect real-time payments to be widely available within five years, a survey has from ACI Worldwide has revealed.

The survey was answered by 200 financial industry professionals from across the world at Sibos this September.

Over four in five of respondents believed that universal real-time payments will become a reality in the next five years.

Paul Thomalla, senior vice president and managing director of EMEA at ACI Worldwide, said: "We’ve long anticipated the move toward real-time payments, and the response from both these survey participants and the community at large further validates our belief."

Among the survey’s other findings were that 77% of respondents agreed siloed processes curb innovation, and 64% believed that corporate customers will demand a fuller mobile or tablet banking offering within the next five years.

Thomalla said: "The same desire for convenience and anywhere, anytime access that has made mobile banking and payments popular among consumers is also fuelling the demand for a rich corporate mobile banking experience, as noted by the survey results.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"Corporate mobile banking needs to be a seamless part of a larger online banking strategy. To drive the necessary innovation, successful companies will take a universal, enterprise-wide approach to payments infrastructure."

 

Related articles:

Small businesses in UK lose out due to lack of card payment options – WorldPay Zinc

ACI Worldwide survey reveals mobile banking likely to be adopted in the US but mobile wallet will struggle

Cash flow stunts UK SME growth – RBS & NatWest