Consumers in the information society expect a high pace and availability 24/7, and younger generations cannot relate to a time when you could wait for hours for a payment to go through. They expect information to be available at the snap of a finger which is a key driver behind instant payments. While the Nordic region is largely digital and has some payments solutions running on instant rails, there is still room for improvement. Other regions could have even greater potential due to the levels of cash displacement that could be done by going digital.
