Real-time payment (RTP) transaction volumes in Malaysia accounted for 7.1 million in 2019. To get more information about the rise of this type of transactions and know who can help you with an exceptional travel merchant account, look no further.
Real-Time Payments & Travel Merchant Account
Real-time payments play a vital role in growing your business. Based on a recent Citizens Commercial Banking’s 2nd annual Real-Time Payments Outlook, 9 out of 10 business leaders were interested in the network. The mentioned report showed that:
- For 81%, RTP could drastically change the way you do business
- 77% believed that digital currency would gain more and more value over time
- 66% thought cash or paper checks would stop being used for payment processing
The developments in payments once again highlight the need to work only with a true payment expert like eMerchantBroker.com that can help you with easy-to-access and reliable merchant processing services, such as a travel merchant account.
EMB, a BBB-accredited payment processor and alternative online lender in the high risk field, guarantees the cheapest possible rates and the most secure merchant services in the industry. eMerchantBroker.com is classified as an A+ processor by the BBB.
Digital Payments Are On the Rise
RTPs represent an integral part in the digital finance ecosystem. Now, when real-time central infrastructures are adding to the growth of contactless technologies such as QR codes, the role of this type of payments becomes even greater.
According to ACI Worldwide Inc., an e-banking and payment solution provider headquartered in Florida, prime time for real-time payments has been based on the more than one fact. On the one hand, businesses and consumers have been adopting digital payment methods and providers faster and with greater diversity.
By the way, Leslie Choo, ACI Worldwide managing director for Asia & Japan/Korea, notes that Southeast Asia (SEA) region plays a crucial role when it comes to the innovation of banking and financial services. Besides, SEA is among the most-rapidly growing digital economies in the world.
So, real-time payments are growing worldwide. The volume of this type of payment transactions in Malaysia made up 7.1 million in 2019.