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Infographic: The rise of direct digital payments

Infographic: The rise of direct digital payments

Last updated 19th Jan 2022

The world’s banking system is constantly changing and in recent years it’s been moving in a digital direction.

Digital payment systems are now the standard and many financial institutions are concerned about the reduced need for cash.

The rise of digital payment systems has, however, presented new problems. Real-time bank-to-bank transfers are highly in demand from consumers, yet they are not readily available. Real-time payment processing essentially enhances the functionality of money and could improve economies; however, worldwide payment reform is required in order for real-time systems to become the universal standard.

View Vocalink’s study, “a global move towards real-time payments systems” to find out more.

John White

John White

Co-founder and former President John White is a media expert and editorial consultant who has been developing news websites since 1996. John has worked as the regional editor for Black Press, the digital news editor at the Edmonton Journal and deputy editor of the Winnipeg Free Press. John graduated from Red River College with a Creative Communications diploma. Learn More about John White