Brightwell’s Post

Gen Z is shaping the future of payments! 📊 By 2025, almost half of this generation is expected to adopt new financial options. Flexibility and convenience are the way forward. 💸 Do you want to stay ahead of the curve? Visit tapdash.co to see how we can help your business grow with the latest trends. #fintech #digitalpayments #paymentsolutions #epaymentsystems #instantpayments #globaltrends #onlinepayments

🚀 As we embrace the era of #fasterpayments, it's crucial to address the challenges that come with #innovation. The #1 challenge faced by financial institutions in adopting faster #payments is the lack of ubiquity. 🔎 A recent study reveals that approximately 57% of financial institutions and business respondents cite a lack of ubiquity/interoperability as their primary concern. Remarkably, this is the only challenge that garners such widespread agreement among these groups. 💡 What are your thoughts on enhancing the ubiquity of faster payments? How can financial institutions and businesses work together to address this challenge? 🔗 in the comment or scan the QR code in the image. #fintech #payments #innovation

Globally, people pay for goods and services with tons of payment methods. And new payment platforms & products keep popping up on the scene. So let's test your knowledge: how many payment options can you name? 😏 #triviachallenge #paymentoptions #paymentmethods #paymentsolutions #paymentindustry #fintech #businessowners

As the pace of change in Australia's payments system speeds up, businesses can embrace emerging real-time payment capabilities to gain competitive advantage. Alison Chang and I share our thoughts on how the payments landscape is changing and the opportunities for our customers to ride the real-time payments wave. #realtimepayments #NPP #PayTo #innovatiom #ai Scott Johnstone Belinda Brigham Sharon Ververis Michael Lee William Nathan Denham Martil Vanessa Leong Stephen Williams Corey Patterson Mike Galvin Edwin Kollar Clair Scott Mary Novakovic Cynthia Chaves Linda F. James-Barry Eastwood Jason Tan Carli Renzi Sam Bowen

With the continuous evolution of innovation in the payments space, the concept of real time payments, their benefits and what it means for each business is a extremely relevant. Check out the article below for some insights to how it can bring benefits and why every business should consider adopting!

There’s no doubt we’ve reached an inflection point as the new wave of real-time payment capabilities revolutionise the way consumers and businesses make and receive payments. Early adopters are not only at the forefront of the exciting new real-time payment use cases, they’re also well placed to adapt to the coming wind-down of national legacy payment systems. Here's a snapshot of where things are headed and how CommBank can help businesses of all sizes to ride the real-time payment wave. #realtimepayments #CommBank #CBA #payID #payTo #SMEbanking #businessbanking.

As the pace of change in Australia's payments system speeds up, businesses can embrace emerging real-time payment capabilities to gain competitive advantage. Alison Chang and Robert Djurovitch share their thoughts on how the payments landscape is changing and the opportunities for our customers to ride the real-time payments wave. #realtimepayments #NPP #PayTo #innovation #ai

Don't let outdated payment methods slow you down! Switch to Tap by Symbiotic technology and take your business to the next payment generation, with multiple benefits for you and your customers 📲 #fintech #contactlesspayments #paymenttechnology #paymentinnovation

Great to see the #Australian payments community (and major banking players) really starting to get behind the benefit and opportunity of #PayID and #PayTo for business. Fully agree with thoughts and views Robert and Alison on what this now offers and the (network effect) part we can all (and need to) play in the transition from 30yr+ legacy payment platforms to the New Payments Platform (Australia) - considering both the benefits for merchants and also the speed, efficiency, safety and security for consumers / payers.

New real-time payment capabilities are transforming how consumers and businesses make and receive payments. 🤔 CommBank Business and Institutional GM of payments Alison Chang goes into further detail - As the pace of change in Australia’s payment system accelerates, businesses adopting emerging real-time payment capabilities are gaining a competitive edge. - The development of new real-time capabilities like PayID® and PayTo® will transform how consumers and businesses make and receive payments. Why is this important? - Businesses that adopt new payment capabilities provide their customers with fast, frictionless payment experiences, reduce the time and effort needed for payment reconciliation and verification, enhance precision in liquidity and cash flow management, and help curb fraud and scams. Ryan Hodges GAICD Sharon Ververis Robert Djurovitch Sam Bowen Stav Mandis Adem Altay Karla Reyes (née San Pedro) Roshan Makhijani