Faster Payment Service (FPS) Market-Global Industry Growth and Trend Analysis | IMR
FPS is a real-time payment system that allows near-instantaneous fund transfers between bank accounts, enabling users to make payments 24/7 using mobile apps, online platforms, or in-person at participating banks. It facilitates peer-to-peer transfers, bill payments, and merchant transactions, revolutionizing financial transactions, fostering financial inclusion, and driving the cashless society transition.