As identified by Juniper’s ‘Instant Payments ~ Reshaping the Payments Ecosystem‘ report, this level of growth will be driven by improved cost and transparency for instant payment schemes versus legacy payment schemes, such as ACH or CHAPS.
Juniper Research also predicts instant payment schemes will increasingly disrupt both domestic and cross-border channels by offering payments that are faster to process, cheaper to both facilitate and initiate, and easier to track and reconcile. Additional research shows that over 70% of the overall transaction value of instant payments will be domestic in 2026, with instant payment schemes lacking cross-border interoperability.
The research acknowledged joining instant domestic schemes together to power cross-border payments as challenging, despite ISO 20022 adoption. The report predicts that CDBCs (Central Bank Digital Currencies) could have a significant role to play in harmonising cross-border payments due to their clean slate nature, meaning they can be designed with cross-border use cases in mind from the start.
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