The rise of real-time payments — Pix, UPI and FedNow
Three real-time rails are rewriting the rules of global money movement. Here's what merchants need to know about each.
Over 70 countries now have real-time payment rails. The three biggest — Pix in Brazil, UPI in India, and FedNow in the US — together process more transactions than Visa and Mastercard combined.
Why real-time matters
Lower fees, instant settlement, reduced chargeback risk, and higher customer preference. Merchants that support these rails see 8-12% higher conversion in the relevant markets.