Trending...
- Maryland: Department Announces 2025 Cover Crop Grant Sign-Up Dates - 536
- SheepFeast Launches "1 Million Discipled" Global Initiative to Empower Disciple-Making Around the World
- csky.ai & DuoKey Launch Secure AI Transcription Solution for Microsoft 365
Zareef Hamid (Harvard MBA, former management consultant at BCG and KPMG) outlines how real-time payment infrastructures are transforming global finance in a featured Medium article
BOSTON - Marylandian -- Zareef Hamid (Harvard MBA, former management consultant at BCG and KPMG) has published a new Medium article: Off the (Payment) Rails: How Real-Time, Unified Payment Systems Will Drive the Global Economy.
Hamid's analysis highlights global adoption of real-time payment systems and how unified payment rails enhance economic stability, efficiency, and financial inclusion. The article prominently features India's Unified Payments Interface (UPI), which accounted for 49% of global real-time payments in 2023. Hamid notes India's strategic integration with Singapore's PayNow, creating seamless cross-border transactions and significantly reducing remittance costs.
More on Marylandian
In contrast, the United States trails significantly in real-time payment adoption, with these systems accounting for just 0.9% of U.S. transactions—boosting GDP by only 0.01%. Referencing Boston Consulting Group (BCG) research, Hamid underscores how other countries, notably South Korea, achieved GDP increases (0.44%) through rapid adoption of real-time digital infrastructures.
Hamid argues that accelerated adoption of unified payment systems is essential for policymakers, financial institutions, and technologists to modernize economies, reduce global inequalities, and strengthen economic resilience through digital finance.
Read the full article on Medium by Zareef Hamid:
https://medium.com/@zareef.hamid/off-the-payment-rails-how-real-time-unified-payment-systems-will-drive-the-global-economy-44a38b3d6757
Hamid's analysis highlights global adoption of real-time payment systems and how unified payment rails enhance economic stability, efficiency, and financial inclusion. The article prominently features India's Unified Payments Interface (UPI), which accounted for 49% of global real-time payments in 2023. Hamid notes India's strategic integration with Singapore's PayNow, creating seamless cross-border transactions and significantly reducing remittance costs.
More on Marylandian
- 14th CryptoSuper500 Report Releases: Bitcoin's Evolution into a Global Supercomputer
- Ross Toohey named Managing Director in Chesterfield, Missouri
- High Profile Gateway Race Events With Strong Brand Exposure Plus Sponsorship in Female Motorsports; $100 Million Financing Unlocked: Lottery.com
- ASI Accelerates iMIS® Innovation by Acquiring CSI's Product Suite and Expert Team
- PUSHERMAN- – Best Feature Documentary Official Winner at NYC and London Festivals
In contrast, the United States trails significantly in real-time payment adoption, with these systems accounting for just 0.9% of U.S. transactions—boosting GDP by only 0.01%. Referencing Boston Consulting Group (BCG) research, Hamid underscores how other countries, notably South Korea, achieved GDP increases (0.44%) through rapid adoption of real-time digital infrastructures.
Hamid argues that accelerated adoption of unified payment systems is essential for policymakers, financial institutions, and technologists to modernize economies, reduce global inequalities, and strengthen economic resilience through digital finance.
Read the full article on Medium by Zareef Hamid:
https://medium.com/@zareef.hamid/off-the-payment-rails-how-real-time-unified-payment-systems-will-drive-the-global-economy-44a38b3d6757
Source: Zareef Hamid
Filed Under: Business, Government
0 Comments
Latest on Marylandian
- Token-Operated Sake Service Opens at Tobu Nikko Station
- Innovative EDM Music Project, "Terms of War," Depicts an A.I. Takeover of Earth
- DivX Enhances AVI Playback Resources; Simplifies Guide to Playing AVI Files with DivX Software
- Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures
- Goldstar Rehabilitation Celebrates 15 Years of Early Intervention Across Southeastern PA
- United States Congressional Candidate Peter Coe Verbica Unveils 25-Point Federal Plan to Help Make California Affordable Again
- D8Averse Launches D8Acapture: Disruptive Mobile-First App Transforms Utility Pole Data Collection
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- Mauro Schnaidman named as Managing Director in Miami, Florida
- Continued Streak of Recognitions with Multiple Chambers and Partners Rankings
- Anern Shines at SOLAR AFRICA Kenya with Solar Lithium Battery Storage Technology
- Maryland: Department Announces 2025 Cover Crop Grant Sign-Up Dates
- Last Call - Submit Your Proposal for the 2025 OpenSSL Conference in Prague
- Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
- IFFA 2025 Shines Bright as Mukesh Modi Welcomes Rio Rocket and Award Winner Lulu Lopez
- Kemeny, Ramp & Renaud Expands Legal Team with Attorney Baruch Kraut
- WOA Entertainment Group Unveils Independent No.1's: Breakthrough Artists II —A Celebration of Indie Excellence
- SheepFeast Launches "1 Million Discipled" Global Initiative to Empower Disciple-Making Around the World
- Sun City Resident Realtor Launches Exclusive Weekly Market Update for Bluffton's 55+ Communities!