Mexico was among the 5 countries selected by The Real-Time Payments World Map on the map that is responsible for showing the progress of payments worldwide in real time. The Aztec country appeared together with Italy, Japan, Kenya and Malaysia at the top of the global ranking.
Mexico began its journey into the real-time payment environment in 2004 when it introduced its Interbank Electronic Payment System (SPEI) scheme. However, according to the analysis carried out, it still has a high level of unbanked households, which has been an obstacle for the adoption of real-time payments to be higher.
The Real-Time Payments World Map noted that Mexico in 2021 had an average daily volume of USD 2.7 trillion And now a daily volume of USD 5 billion is projected for the North American country for the year 2026, positioning itself among the list as the country with the greatest projection. On the other hand, it was recorded to have a compound annual growth rate (CAGR) of 13.1%.
On a scale of the countries with the highest daily volume projection after Mexico are Malaysia with USD 3.9 billion, Japan with USD 1.9 billion, Italy with USD 787 million and Kenya with USD 58 million.
Globally, the country that has been immersed in real-time payments for the longest time is Japan, which introduced the real-time payment system for the first time in 1973. Compared to real-time payment systems in other Asian regions , the Zengin scheme in Japan remains little known, accounting for only 3.1% of the total payment volume in the country.
After Japan and Mexico are Italy and Kenya, who incorporated the SCT INST and PesaLink systems, respectively, in 2017. In the case of Kenya, real-time payments represent only 0.1% of the total volume of transactions in the country. On the Italian side, despite having an early start compared to other European countries that adopted the system later, the Italian population has shown a relatively slow adoption of real-time payments on a large scale.
In contrast, the most current is that of Malaysia, the DuitNow scheme, which was introduced in 2018 and which has not been fully used by the country’s population. Compared to 72% of paper payments, real-time payments only make up 6.7% of the total transaction volume in the country.
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