Unlocking the Potential: Real-time Payments and ESG
The integration of ESG factors into decision-making processes and business strategies has become crucial for companies operating in the real-time payments industry . By incorporating ESG considerations, companies can enhance due diligence, make better investment decisions, and align their operations with the United Nations' Sustainable Development Goals (UN SDGs). A quantum leap in real-time payments (RTPs) has leveraged customers, enterprises and governments to streamline payments and enhance the efficiency of the financial ecosystem. Real-time payments have made financial services attractive among millennials and the Gen Z population. The upsides of RTPs will be pronounced as policymakers, start-ups and other stakeholders emphasize the expansion of modern payments infrastructure. When compared with legacy alternatives that normally take days to reach the target, RTP has brought a tectonic shift to provide faster and more robust means of payment. It has unfolded social and economi