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[{"address":"Kuala Lumpur Federal Territory of Kuala Lumpur Malaysia","lat":"3.139003","lng":"101.68685499999992","project_id":885,"url":"https:\/\/www.instapay.today\/tracker\/malaysia\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Malaysia"},{"address":"Riyadh, Riyadh Province, Saudi Arabia","lat":"24.7135517","lng":"46.67529569999999","project_id":1726,"url":"https:\/\/www.instapay.today\/tracker\/saudi-arabia\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Saudi Arabia"},{"address":"Ljubljana, Slovenia","lat":"46.0569465","lng":"14.505751499999974","project_id":2293,"url":"https:\/\/www.instapay.today\/tracker\/slovenia\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Slovenia"},{"address":"Ottawa, ON, Canada","lat":"45.4215296","lng":"-75.69719309999999","project_id":500,"url":"https:\/\/www.instapay.today\/tracker\/canada\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Canada"},{"address":"Bucharest, Romania","lat":"44.4267674","lng":"26.102538399999958","project_id":4729,"url":"https:\/\/www.instapay.today\/tracker\/romania\/","website":"","go_live_date_unconfirmed":"","country":"Romania"},{"address":"Amsterdam, Netherlands","lat":"52.3702157","lng":"4.895167899999933","project_id":524,"url":"https:\/\/www.instapay.today\/tracker\/netherlands\/","website":"","go_live_date_unconfirmed":"","country":"Netherlands"},{"address":"Budapest, Hungary","lat":"47.497912","lng":"19.04023499999994","project_id":1345,"url":"https:\/\/www.instapay.today\/tracker\/hungary\/","website":"","go_live_date_unconfirmed":"","country":"Hungary"},{"address":"Wellington, New Zealand","lat":"-41.2864603","lng":"174.77623600000004","project_id":519,"url":"https:\/\/www.instapay.today\/tracker\/new-zealand\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"New Zealand"}] [{"address":"Tokyo, Japan","lat":"35.6894875","lng":"139.69170639999993","project_id":97,"url":"https:\/\/www.instapay.today\/tracker\/japan\/","website":"","go_live_date_unconfirmed":"","country":"Japan"},{"address":"Z\u00fcrich, Switzerland","lat":"47.3768866","lng":"8.541694000000007","project_id":105,"url":"https:\/\/www.instapay.today\/tracker\/switzerland\/","website":"","go_live_date_unconfirmed":"","country":"Switzerland"},{"address":"Taipei, Taiwan","lat":"25.0329694","lng":"121.56541770000001","project_id":387,"url":"https:\/\/www.instapay.today\/tracker\/taiwan\/","website":"","go_live_date_unconfirmed":"","country":"Taiwan"},{"address":"Seoul, South Korea","lat":"37.566535","lng":"126.97796919999996","project_id":102,"url":"https:\/\/www.instapay.today\/tracker\/southkorea\/","website":"","go_live_date_unconfirmed":"","country":"South Korea"},{"address":"Reykjav\u00edk, Iceland","lat":"64.12652059999999","lng":"-21.817439299999933","project_id":474,"url":"https:\/\/www.instapay.today\/tracker\/iceland\/","website":"","go_live_date_unconfirmed":"","country":"Iceland"},{"address":"Bras\u00edlia - Federal District, Brazil","lat":"-15.7942287","lng":"-47.882165799999996","project_id":103,"url":"https:\/\/www.instapay.today\/tracker\/brazil\/","website":"","go_live_date_unconfirmed":"","country":"Brazil"},{"address":"Mexico City, Mexico","lat":"19.4326077","lng":"-99.13320799999997","project_id":108,"url":"https:\/\/www.instapay.today\/tracker\/test-project-8\/","website":"","go_live_date_unconfirmed":"","country":"Mexico"},{"address":"Johannesburg, Gauteng, South Africa","lat":"-26.2041028","lng":"28.047305100000017","project_id":110,"url":"https:\/\/www.instapay.today\/tracker\/southafrica\/","website":"","go_live_date_unconfirmed":"","country":"South Africa"},{"address":"Nairobi, Kenya","lat":"-1.2920659","lng":"36.82194619999996","project_id":472,"url":"https:\/\/www.instapay.today\/tracker\/kenya\/","website":"","go_live_date_unconfirmed":null,"country":"Kenya"},{"address":"Harrogate, United Kingdom","lat":"53.99212","lng":"-1.5418119999999362","project_id":106,"url":"https:\/\/www.instapay.today\/tracker\/uk\/","website":"","go_live_date_unconfirmed":"","country":"UK - Faster Payments"},{"address":"Santiago, Chile","lat":"-33.4488897","lng":"-70.6692655","project_id":109,"url":"https:\/\/www.instapay.today\/tracker\/chile\/","website":"","go_live_date_unconfirmed":"","country":"Chile"},{"address":"Beijing, China","lat":"39.904211","lng":"116.40739499999995","project_id":107,"url":"https:\/\/www.instapay.today\/tracker\/china\/","website":"","go_live_date_unconfirmed":"","country":"China"},{"address":"Mumbai, Maharashtra, India","lat":"19.0759837","lng":"72.87765590000004","project_id":111,"url":"https:\/\/www.instapay.today\/tracker\/india\/","website":"","go_live_date_unconfirmed":"","country":"India"},{"address":"Lagos, Nigeria","lat":"6.5243793","lng":"3.379205700000057","project_id":173,"url":"https:\/\/www.instapay.today\/tracker\/nigeria\/","website":"","go_live_date_unconfirmed":"","country":"Nigeria"},{"address":"105 19 Sverige, Palmfeltsv\u00e4gen 5, Stockholm, Sweden","lat":"59.32932349999999","lng":"18.068580800000063","project_id":169,"url":"https:\/\/www.instapay.today\/tracker\/sweden\/","website":"","go_live_date_unconfirmed":"","country":"Sweden"},{"address":"Istanbul, \u0130stanbul, Turkey","lat":"41.0082376","lng":"28.97835889999999","project_id":389,"url":"https:\/\/www.instapay.today\/tracker\/turkey\/","website":"","go_live_date_unconfirmed":"","country":"Turkey"},{"address":"Dubai - United Arab Emirates","lat":"25.2048493","lng":"55.270782800000006","project_id":480,"url":"https:\/\/www.instapay.today\/tracker\/uae\/","website":"","go_live_date_unconfirmed":"","country":"UAE"},{"address":"Warsaw, Poland","lat":"52.2296756","lng":"21.012228700000037","project_id":123,"url":"https:\/\/www.instapay.today\/tracker\/poland\/","website":"","go_live_date_unconfirmed":"","country":"Poland"},{"address":"Colombo, Western Province, Sri Lanka","lat":"6.927078600000002","lng":"79.86124300000006","project_id":882,"url":"https:\/\/www.instapay.today\/tracker\/sri-lanka\/","website":"","go_live_date_unconfirmed":"","country":"Sri Lanka"},{"address":"Bogot\u00e1 - Bogota, Colombia","lat":"4.710988599999999","lng":"-74.072092","project_id":391,"url":"https:\/\/www.instapay.today\/tracker\/columbia\/","website":"","go_live_date_unconfirmed":"","country":"Colombia"},{"address":"Singapore","lat":"1.3553794","lng":"103.86774439999999","project_id":104,"url":"https:\/\/www.instapay.today\/tracker\/singapore\/","website":"","go_live_date_unconfirmed":"","country":"Singapore"},{"address":"Copenhagen, Denmark","lat":"55.6760968","lng":"12.568337100000008","project_id":171,"url":"https:\/\/www.instapay.today\/tracker\/denmark\/","website":"","go_live_date_unconfirmed":"","country":"Denmark"},{"address":"Oslo, Norway","lat":"59.9138688","lng":"10.752245399999993","project_id":1394,"url":"https:\/\/www.instapay.today\/tracker\/norway\/","website":"","go_live_date_unconfirmed":"","country":"Norway"},{"address":"Manama, Capital Governorate, Bahrain","lat":"26.2285161","lng":"50.58604969999999","project_id":470,"url":"https:\/\/www.instapay.today\/tracker\/bahrain\/","website":"","go_live_date_unconfirmed":"","country":"Bahrain"},{"address":"Managua, Nicaragua","lat":"12.1149926","lng":"-86.23617439999998","project_id":650,"url":"https:\/\/www.instapay.today\/tracker\/nicaragua\/","website":"","go_live_date_unconfirmed":"","country":"Nicaragua"},{"address":"Accra, Greater Accra Region, Ghana","lat":"5.603716800000001","lng":"-0.18696439999996528","project_id":2681,"url":"https:\/\/www.instapay.today\/tracker\/ghana\/","website":"","go_live_date_unconfirmed":"","country":"Ghana"},{"address":"","lat":"43.37226692153005","lng":"-144.1359364611817","project_id":8800,"url":"https:\/\/www.instapay.today\/tracker\/costa-rica\/","website":"","go_live_date_unconfirmed":"","country":"Costa Rica"},{"address":"Belize City, Belize District, Belize","lat":"17.5045661","lng":"-88.19621330000001","project_id":5283,"url":"https:\/\/www.instapay.today\/tracker\/belize\/","website":"","go_live_date_unconfirmed":"","country":"Belize"},{"address":"Bangkok Thailand","lat":"13.7563309","lng":"100.50176510000006","project_id":498,"url":"https:\/\/www.instapay.today\/tracker\/thailand\/","website":"","go_live_date_unconfirmed":"","country":"Thailand"},{"address":"Nairobi, Kenya","lat":"-1.2920659","lng":"36.82194619999996","project_id":510,"url":"https:\/\/www.instapay.today\/tracker\/kenya-2\/","website":"","go_live_date_unconfirmed":"","country":"Kenya"},{"address":"Milan, Metropolitan City of Milan, Italy","lat":"45.4654219","lng":"9.18592430000001","project_id":516,"url":"https:\/\/www.instapay.today\/tracker\/italy\/","website":"","go_live_date_unconfirmed":"","country":"Italy"},{"address":"Riga, Latvia","lat":"56.9496487","lng":"24.10518639999998","project_id":2740,"url":"https:\/\/www.instapay.today\/tracker\/latvia\/","website":"","go_live_date_unconfirmed":"","country":"Latvia"},{"address":"Madrid, Spain","lat":"40.4167754","lng":"-3.7037901999999576","project_id":508,"url":"https:\/\/www.instapay.today\/tracker\/spain\/","website":"","go_live_date_unconfirmed":"","country":"Spain - Iberpay"},{"address":"New York, NY, United States","lat":"40.7127837","lng":"-74.00594130000002","project_id":492,"url":"https:\/\/www.instapay.today\/tracker\/united-states-clearing-house\/","website":"","go_live_date_unconfirmed":"","country":"USA (The Clearing House)"},{"address":"La Defence, Paris Metropolitan Area, Avenue d'Alsace, Courbevoie, France","lat":"48.8904873","lng":"2.2502759999999853","project_id":4471,"url":"https:\/\/www.instapay.today\/tracker\/european-csms\/","website":"","go_live_date_unconfirmed":"","country":"European CSMs"},{"address":"Rome, Italy","lat":"41.8724111","lng":"12.48022489999994","project_id":512,"url":"https:\/\/www.instapay.today\/tracker\/europe\/","website":"","go_live_date_unconfirmed":"","country":"Europe - EPC (SCInst)"},{"address":"Cambodia","lat":"12.565679","lng":"104.99096299999997","project_id":2634,"url":"https:\/\/www.instapay.today\/tracker\/cambodia\/","website":"","go_live_date_unconfirmed":"","country":"Cambodia"},{"address":"Sydney, New South Wales, Australia","lat":"-33.8674869","lng":"151.20699020000006","project_id":487,"url":"https:\/\/www.instapay.today\/tracker\/australia\/","website":"","go_live_date_unconfirmed":"","country":"Australia"},{"address":"Manila, NCR, Philippines","lat":"14.5995124","lng":"120.9842195","project_id":506,"url":"https:\/\/www.instapay.today\/tracker\/philippines\/","website":"","go_live_date_unconfirmed":"","country":"Philippines"},{"address":"Hong Kong Island, Hong Kong","lat":"22.2824673","lng":"114.1615726","project_id":490,"url":"https:\/\/www.instapay.today\/tracker\/hong-kong\/","website":"","go_live_date_unconfirmed":"","country":"Hong Kong"},{"address":"Brussels, Belgium","lat":"50.8503396","lng":"4.351710300000036","project_id":4189,"url":"https:\/\/www.instapay.today\/tracker\/belgium\/","website":"","go_live_date_unconfirmed":"","country":"Belgium"}]
[{"address":"Kuala Lumpur Federal Territory of Kuala Lumpur Malaysia","lat":"3.139003","lng":"101.68685499999992","project_id":885,"url":"https:\/\/www.instapay.today\/tracker\/malaysia\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Malaysia"},{"address":"Riyadh, Riyadh Province, Saudi Arabia","lat":"24.7135517","lng":"46.67529569999999","project_id":1726,"url":"https:\/\/www.instapay.today\/tracker\/saudi-arabia\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Saudi Arabia"},{"address":"Ljubljana, Slovenia","lat":"46.0569465","lng":"14.505751499999974","project_id":2293,"url":"https:\/\/www.instapay.today\/tracker\/slovenia\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Slovenia"},{"address":"Ottawa, ON, Canada","lat":"45.4215296","lng":"-75.69719309999999","project_id":500,"url":"https:\/\/www.instapay.today\/tracker\/canada\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"Canada"},{"address":"Bucharest, Romania","lat":"44.4267674","lng":"26.102538399999958","project_id":4729,"url":"https:\/\/www.instapay.today\/tracker\/romania\/","website":"","go_live_date_unconfirmed":"","country":"Romania"},{"address":"Amsterdam, Netherlands","lat":"52.3702157","lng":"4.895167899999933","project_id":524,"url":"https:\/\/www.instapay.today\/tracker\/netherlands\/","website":"","go_live_date_unconfirmed":"","country":"Netherlands"},{"address":"Budapest, Hungary","lat":"47.497912","lng":"19.04023499999994","project_id":1345,"url":"https:\/\/www.instapay.today\/tracker\/hungary\/","website":"","go_live_date_unconfirmed":"","country":"Hungary"},{"address":"Wellington, New Zealand","lat":"-41.2864603","lng":"174.77623600000004","project_id":519,"url":"https:\/\/www.instapay.today\/tracker\/new-zealand\/","website":"","go_live_date_unconfirmed":["unconfirmed"],"country":"New Zealand"}]
Source: InstaPay.today
1973

Japan

1987

Switzerland

1995

Taiwan

2001

South Korea

2001

Iceland

2002

Brazil

2004

Mexico

2006

South Africa

2007

Kenya

2008

UK – Faster Payments

2008

Chile

2010

China

2010

India

2011

Nigeria

2012

Sweden

2012

Turkey

2012

UAE

2012

Poland

2013

Sri Lanka

2014

Colombia

2014

Singapore

2014

Denmark

2014

Norway

2015

Bahrain

2016

Nicaragua

2016

Ghana

2016

Costa Rica

2016

Belize

2017

Thailand

2017

Kenya

2017

Italy

2017

Latvia

2017

Spain – Iberpay

2017

USA (The Clearing House)

2017

European CSMs

2017

Europe – EPC (SCTInst)

2017

Cambodia

2018

Australia

2018

Philippines

2018

Lithuania

2018

Hong Kong

2018

Malaysia

2018

Belgium

2018

Serbia

2018

Czech Republic

2018

Romania

2019

Aruba

2019

Netherlands

2019

Hungary

2020

Azerbaijan

???

Canada

???

New Zealand

???

Saudi Arabia

???

Slovenia

Japan

Read more
  • Country

    Japan

  • Scheme name

    Zengin

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    1973

  • Operating Organisation

    Japanese Banks’ Payment Clearing Network (Zengin-Net)

Switzerland

   
Read more
  • Scheme Name

    Swiss Interbank Clearing System (SIC)

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    1987

  • Operating Organisation

    Managed by SIX Group on behalf of the Swiss National Bank

Taiwan

     
Read more
  • Country

    Taiwan

  • Scheme Name

    CBC Interbank Funds transfer System (CIFS)

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    1995

  • Operating Organisation

    Central Bank of the Republic of China

     

South Korea

 
Read more
  • Country

    South Korea

  • Scheme Name

    Electronic Banking System (EBS) (HOFINET)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2001

  • Operating Organisation

    Korea Financial Telecommunications and Clearing Institute (KFTC) – bank owned

Iceland

 
Read more
  • Country

    Iceland

  • Scheme Name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    Planned for 2018

  • Operating Organisation

    Central Bank of Iceland

     

Brazil

   
Read more
  • Country

    Brazil

  • Scheme Name

    System of Funds Transfer (SITRAF)

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    2002

  • Operating Organisation

    Interbank Payment Clearing House (CIP)

    Camara Interbancaira de Pagamentos (CIP)

Mexico

 
Read more
  • Country

    Mexico

  • Scheme Name

    Sistema de pagos electronicos interbancarios SPEI

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2004

    A major upgrade was introduced in November 2016 extending SPEI’s operating hours to 24×7

  • Operating Organisation

    Banco de Mexico

     

South Africa

   
Read more
  • Country

    South Africa

  • Scheme Name

    Real Time Clearing (RTC)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2006

  • Operating Organisation

    Bankserv

Kenya

Read more
  • Country

    Kenya

  • Region

    Africa

  • Scheme Name

    M-PESA

  • Status

    Live

  • Date of initial deployment

    2007

  • Operating Organisation

    Created by Safaricom the Vodafone MNO

UK – Faster Payments

 
Read more
  • Country

    UK - Faster Payments

  • Scheme Name

    Faster Payments Scheme (FPS)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2008

  • Operating Organisation

    Faster Payments Scheme Ltd  (VocaLink currently provide the technology and 1st line operational support under a Managed Service Contract)

Chile

 
Read more
  • Country

    Chile

  • Scheme Name

    Transferencias en Línea (TEF)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2008

  • Operating organisation

    Centro de Compensacion Automatizado (CCA)

China

   
Read more
  • Region

    Asia Pacific

  • Scheme Name

    Internet Banking Payment System (IBPS)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2010

India

   
Read more
  • Country

    India

  • Scheme Name

    Immediate Payment Service (IMPS)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2010

  • Operating Organisation

    National Payment Corporation of India (NPCI)

Nigeria

 
Read more
  • Country

    Nigeria

  • Scheme Name

    NIBSS Instant Payment (NIP)

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    2011

  • Operating Organisation

    Nigeria Inter Bank Settlement System

Sweden

       
Read more
  • Country

    Sweden

  • Scheme Name

    Payments in Realtime (BIR)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2012

  • Operating Organisation

    Bankgirot

Turkey

 
Read more
  • Country

    Turkey

  • Scheme Name

    Retail Payment System (RPS)

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    2012

  • Operating Organisation

    Central Bank of Republic of Turkey (CBRT)

UAE

   
Read more
  • Country

    UAE

  • Scheme Name

    UAE Funds Transfer System (UAEFTS)

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    2001

  • Operating Organisation

    Central Bank of the UAE

Poland

 
Read more
  • Country

    Poland

  • Scheme Name

    Express Elixir

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    June 2012

     

  • Operating Organisation

    Krajowa Izba Rozliczeniowa (KIR), a key financial services infrastructure institution, who for 20 years have had responsibility for managing inter bank settlement in Poland.

Sri Lanka

 
Read more
  • Scheme name

    Common Electronic Fund Transfer Switch (CEFTS)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2013

  • Operating organisation

    LankaClear

Colombia

   
Read more
  • Country

    Colombia

  • Scheme Name

    Compensacion electronica nacional interbancaria (CENIT)

  • Status

    Live

  • Type of system

    Same day

  • Date of implementation

    2014

  • Operating Organisation

    ACH Colombia

Singapore

     
Read more
  • Country

    Singapore

  • Scheme Name

    G3, Fast and Secure Transfers

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2014

  • Operating Organisation

    Association of banks in Singapore

Denmark

 
Read more
  • Country

    Denmark

  • Region

    Europe

  • Scheme Name

    Straksclearingen

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2014

Norway

Read more
  • Country

    Norway

  • Scheme Name

    Straksbetalinger.

     

  • Status

    Live

  • Type of system

    Hybrid

  • Date of implementation

    Live since 2014 for initial service. New service is due to be live by the end of 2019.

  • Operating organisation

    Bits

Bahrain

   
Read more
  • Country

    Bahrain

  • Scheme Name

    FAWRI+

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2016

  • Operating Organisation

    Central Bank of Bahrain

Nicaragua

   
Read more
  • Country

    Nicaragua

  • Scheme Name

    PayExpedite

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2016

  • Operating organisation

    PaySett Corporation

     

Ghana

 
Read more
  • Country

    Ghana

  • Scheme name

    Instant Pay (GIP)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    21/06/2016

  • Operating organisation

    Ghana Interbank Payment and Settlement Systems (GhIPSS)

Costa Rica

Read more
  • Scheme name

    Sistema Nacional de Pagos Electronicos (SINPE)

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2016

  • Operating organisation

    Banco Central de Costa Rica

Belize

         
Read more
  • Country

    Belize

  • Region

    Latin America

  • Scheme name

    Automated Payments and Securities Settlement System

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2016

Thailand

   
Read more
  • Country

    Thailand

  • Scheme Name

    PromptPay

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2017

  • Operating Organisation

    National ITMX and the Thai Banking Association

Kenya

   
Read more
  • Country

    Kenya

  • Scheme Name

    PesaLink

     

  • Status

    Live

     

     

  • Type of system

    IP

  • Date of implementation

    2017

  • Operating Organisation

    Integrated Payment Services Limited

     

Italy

     
Read more
  • Country

    Italy

  • Scheme Name

    Instant Payments

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2017

  • Operating Organisation

    Nexi (Operated with a Managed Service Contract with Nets)

Latvia

Read more
  • Country

    Latvia

  • Scheme name

    Zibmaksajums

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2017

     

  • Operating organisation

    Latvijas Banka

Spain – Iberpay

   
Read more
  • Country

    Spain - Iberpay

  • Scheme Name

    CICLOM

  • Status

    Live

  • Date of implementation

    October 2017

  • Operating Organisation

    IberPay

  • Technology supplier

    In-house

USA (The Clearing House)

 
Read more
  • Country

    USA (The Clearing House)

  • Scheme Name

    RTP

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    November 2017

  • Operating Organisation

    The Clearing House

European CSMs

European payment service providers (PSPs), which include banks and non-banks, may choose to work with a Clearing and Settlement Mechanism (CSM) in order to offer the new single euro payments area (SEPA) instant credit transfer (SCT Inst) scheme, which went live on 21 November 2017. The voluntary rulebook was developed by the European Payments Council (EPC).

The InstaPay Tracker provides all the key details of the SCT Inst service being offered by those CSMs who operate across multiple European countries, sometimes via partnerships. Nine Compliant CSMs self-declared their adherence to the new scheme on 21 Nov 2017, such as France’s Stet and Equens Worldline. Click on the highlighted text to see the full list. Remember, some domestic country-specific CSMs, such as Denmark's Nets, will be outside the Eurozone but have operations in other countries as well. Such countries are also housed inside the SEPA which covers 34 countries across the continent.

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Europe – EPC (SCTInst)

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  • Country

    Europe - EPC (SCInst)

  • Region

    Europe

  • Scheme Name

    SCTInst

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2017

Cambodia

     
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  • Country

    Cambodia

  • Scheme name

    FAST

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2016

  • Operating organisation

    National Bank of Cambodia

Australia

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  • Country

    Australia

  • Scheme Name

    New Payments Platform

     

     

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2018

  • Operating Organisation

    NPP Australia (NPPA)

Philippines

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  • Country

    Philippines

  • Scheme Name

    InstaPay

     

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2018

  • Operating Organisation

    Banco Sentral ng Pilipinas (BSP)

     

Lithuania

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  • Scheme name

    CENTROlink

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    2018

  • Operating organisation

    Lietuvos Bankas

Hong Kong

     
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  • Country

    Hong Kong

  • Scheme Name

    Faster Payment System

  • Status

    Live

  • Type of system

    IP

  • Operating Organisation

    Hong Kong Interbank Clearing Ltd

  • Technology supplier

    In house

Malaysia

   
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  • Scheme name

    Real-time Retail Payments Platform (RPP)

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    Planned for 2018

  • Operating Organisation

    Payments Network Malaysia (PayNet)

Belgium

 
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  • Country

    Belgium

  • Scheme name

    Unknown

  • Status

    Live

  • Type of system

    IP

  • Date of implementation

    November 2018

  • Operating organisation

    Febelfin

     

Serbia

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  • Scheme name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    Expected to be ready for 2018

  • Operating organisation

    National Bank of Serbia

Czech Republic

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  • Scheme name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    2018

  • Operating organisation

    Czech National Bank

Romania

 
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  • Country

    Romania

  • Region

    Europe

  • Scheme name

    Unknown

  • Status

    Planning

  • Date of implementation

    By the end of 2018

  • Operating organisation

    TRANSFOND are building and will operate the national instant payments infrastructure.

     

    The Payment Scheme Working Group of the Romanian Association of Banks are determining how this instant payments will be introduced and the capabilities that will be offered.

Aruba

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  • Scheme name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    January 2019

  • Operating organisation

    Central Bank of Aruba

Netherlands

   
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  • Country

    Netherlands

  • Scheme Name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    1st May 2019

     

  • Operating Organisation

    Dutch Payments Association

Hungary

 
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  • Country

    Hungary

  • Scheme name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    Planned for launch on 1st July 2019

  • Operating organisation

    Giro Zrt will be the operating organisation

Azerbaijan

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  • Scheme name

    Unknown

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    Unknown

  • Operating organisation

    Central Bank of Azerbaijan

Canada

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  • Country

    Canada

  • Scheme Name

    Real Time Rail (RTR)

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    2019

  • Operating Organisation

    Payments Canada

New Zealand

Payments New Zealand have undertaken detailed global research into the modernisation of payment systems. This forms part of their Payments Direction plan. Several system enhancements have already been introduced to reduce the time for funds to be cleared. Now they are considering how to offer instant payments but few details have currently been disclosed publicly.

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  • Country

    New Zealand

  • Region

    Asia Pacific

  • Scheme Name

    No name yet announced

  • Status

    Planning

    Part of the Payments Direction initiative.

  • Operating Organisation

    Payments NZ

  • Date of initial deployment

    No date has been set for instant payments.

    However, in November 2016 best practices were agreed between banks to allow funds to be transferred within one hour.

    These result rom the Settlement Before Interchange and Cleared Funds initiatives that have been introduced.

Saudi Arabia

   
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  • Country

    Saudi Arabia

  • Scheme name

    Future Ready ACH (FR-ACH)

  • Status

    Planning

  • Date of implementation

    Expected to be ready for 2018

  • Operating Organisation

    Saudi Arabian Monetary Agency (SAMA)

Slovenia

   
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  • Country

    Slovenia

  • Scheme Name

    BIPS

  • Status

    Planning

  • Type of system

    IP

  • Date of implementation

    2018

  • Operating Organisation

    Bankart

Japan

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Taiwan

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South Korea

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Iceland

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Brazil

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Mexico

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South Africa

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Kenya

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UK - Faster Payments

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Chile

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India

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Nigeria

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Sweden

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Turkey

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UAE

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Poland

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Colombia

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Singapore

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Denmark

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Norway

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Bahrain

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Nicaragua

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Ghana

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Belize

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Thailand

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Kenya

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Italy

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Latvia

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Spain - Iberpay

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USA (The Clearing House)

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European CSMs

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Europe - EPC (SCInst)

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Cambodia

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Australia

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Philippines

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Hong Kong

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Belgium

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Romania

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Netherlands

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Hungary

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Canada

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New Zealand

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Saudi Arabia

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Slovenia

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Payment scheme contributors include
  • Icon Solutions
  • Lipis Advisors
  • Vocalink
  • Caixa Bank
  • The Clearing House
  • McKinsey & Company
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