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Real-Time Payments Get Boost From New Partnerships in US and Europe
Real-time payments have continued their growth in 2024 so far, with several developments unfolding in various countries around the globe. Angola, for one, has taken its initial dive into the real-time payments space a step further.
Having launched the first phase of its 24/7 Real-Time Payment System in October 2022, which allowed Multicaixa debit card payments to be reflected in bank accounts the next business day, the National Bank of Angola recently announced the extension of the service to include transactions made on Friday and Saturday mornings. The bank hopes to expand this functionality as mobile banking channels continue to grow in popularity across the country, with plans to offer real-time payment operations on Sundays and holidays in the near future.