With booming eCommerce, high smartphone adoption, and the Central Bank driving initiatives to promote financial inclusion, payment methods such as instant bank transfer Pix are seeing huge uptake.

Supporting a large unbanked population and with alternative payment methods (APMs) already trusted by many consumers, Peru presents a rich opportunity for merchants.

Different approaches to banking connectivity around the world mean we’re still way off achieving global instant bank transfers. What will get us there? Creating frameworks that transcend geographic boundaries, agreeing on standardised APIs, and building partnerships between banks and payments companies at local levels.

Our latest whitepaper argues that the evolution of the travel industry compels businesses operating in this sector to strongly consider upgrading their checkouts by offering more payment methods.

PSD2 is an evolution and extension of existing regulation for the payments industry.

Rapid Transfer and other services specialising in bank transfers are particularly successful in cash-centred markets and will be even more popular following PSD2