Bahrain leads global real-time payments, ACI says
- Date: 06-May-2023
- Source: Al Bawaba
- Sector:Financial Services
- Country:Bahrain
Bahrain leads global real-time payments, ACI says
ALBAWABA - Support by Bahrain's Central Bank and the country's innovative digital infrastructure have contributed to an ideal environment for businesses and for consumers to take advantage of real-time payments.
In 2015, Bahrain's Central Bank launched Fawri+, a real-time payments system that sets the standard for instant payments in the region, according to ACI Worldwide Report.
Today, nearly 60 Percent of electronic payments in the country are processed in real time, and this is forecast to rise to 78.6 percent by 2027, the report said.
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