Real-time payments may sound simple, but “the reality of delivering on that promise is enormously sophisticated, especially when doing so across borders,” said Aman Cheema, head of global real-time payments and CBDCs at FIS, per the news release. With the real-time payments service, FIS aims to streamline the process, “bringing consumers, businesses, financial institutions and governments closer together in the payments ecosystem,” Cheema said.
The company aims to help spur the adoption of real-time payments, with its new services, by linking a country’s government entities, financial institutions, businesses and consumers to domestic and international real-time networks, the release said.
