Payment Instant

: Typically valid for one year and eight days from the date of issue (though this varies by region, such as 3 months in India). 2. E-Commerce (Shopify & B2B)

| Challenge | Description | | :--- | :--- | | | Account takeover, synthetic identity, and phishing remain rampant. | | Interoperability | Wallets and systems often do not communicate (e.g., Venmo vs. Revolut). | | Financial Exclusion | Reliance on smartphones/banking excludes the unbanked elderly or rural poor. | | Regulatory Fragmentation | A payment legal in the EU may violate US state laws. | | Settlement Risk | Delay between promise and final transfer (mitigated by RTP). | payment

A payment is the settlement of a debt or obligation. For an economy to function, payment systems must fulfill three core functions: : Typically valid for one year and eight