Fast payments (also known as instant, real-time, immediate, rapid) make funds immediately available to beneficiaries and can be used around-the-clock, on a 24/7 basis. They are supported by central infrastructures which enable banks and non-banks to connect and to build additional overlay services for end users. The Payment Systems Development Group (PSDG) of the World Bank has assisted more than 120 countries in modernizing their payment systems over the years and, more recently, has played a leading role in global research and technical assistance to countries on fast payment systems (FPS). Project FASTT, is a new milestone in this critical work, sponsored by the Bill & Melinda Gates Foundation.
The Global Tracker aims to provide a consolidated and comprehensive overview of the status of implementation of fast payment systems worldwide. The interactive map can be displayed by jurisdiction, by geographic region or by income level. Please click on respective jurisdictions to access more detailed information, such as technical features and statistics.
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