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Faster Payments Down Under

Kris Kubiena, proposition delivery director at Vocalink talks about the payments infrastructure review in Australia and the global march of immediate payments.

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Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 05 November, 2012, 11:41Be the first to give this comment the thumbs up 0 likes

Having seen VocaLink and Accenture deliver FPS to one UK bank, I'm sure they'll do a great job for many others, including in Australia.

Related to Kris K's comments about realtime bill payments, we're seeing a lot of traction in many geographies around this topic. The widespread use of QR codes in effect permits 1-click bill payments from a smartphone. In fact, frustrated at eBill penetration plateauing at less than 25% globally, many billers are eyeing immediate bill pay as a way to take eBill adoption to the next level.