Industry Trend: Immediate everything – Payments

By | June 11, 2014
This entry is part 5 of 30 in the series Trends

The mobile digital lifestyle is raising everyone’s expectations about how quickly things get done.  It is the “watched pot never boils” phenomenon — if you are look at your phone every 5 minutes things take longer than if you visit the Web, ATM, call center or branch much less frequently.

The demand for immediate payments is a good example.  The increasingly global mindset of consumers makes this new requirement applicable to international payments. Real time international payments could help SME’s free up cash flow. Check out this article by Kris Kubiena.

As always, more on this later…

Series Navigation<< Regulatory Trend: Deregulation – RBI granting banking licensesMarket Trend: Branchless Banking >>

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  1. Pingback: exampleBank – Trends | Alan Street

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