Payment Infrastructure Analysis

VR Payment has put Wero on Stuewer's connected food machines in Germany. Acceptance runs on the existing e-commerce flow, so an operator needs a screen, a network connection and an agreement with VR Payment rather than a card terminal.

Value carried over GhIPSS Instant Pay grew at roughly four times the rate of transaction count in 2025. The 2025 figures imply a mean transaction of about GH¢3,500.

Average value per Lynx payment item fell to about CAD 6.67 million over the nine months to September 2026 from about CAD 6.86 million in 2025. September's 54,911 items a day marked a rebound from 51,428 in August.

Recurring collections on Brazil's Pix rails grew close to tenfold over the first nine months of 2026 while the implied average ticket fell by roughly two thirds, with person-to-business collections making up 94.6% of September transactions at an average ticket of R$37. Resolucao BCB 587 will extend the product to salary accounts from mid-2027, a deposit type that is otherwise walled off from most Pix credits.

ING, Rabobank and ABN AMRO are handling app-free confirmation of online payments differently as iDEAL moves to Wero. ING has said its Scanner will no longer confirm online payments from October 2026, while Rabobank is keeping the Rabo Scanner and ABN AMRO is gradually replacing its e.dentifier with a USB Security Key.

A Local Circles survey reported by PYMNTS on 18 October 2026 found 83 percent of merchants unwilling to bear UPI's new merchant charge. NPCI's worked example puts the fee on a Rs 3,000 purchase at Rs 12, while railways, telecom, insurance and fuel pay a flat Rs 5 per transaction in place of the percentage rate. Person-to-person transfers, AutoPay mandates and small P2PM merchants stay outside the charge, and NPCI cites industry estimates of around Rs 20,000 crore a year to maintain UPI operations.

India's September payment data separates the country's interbank rails by ticket size. The average RTGS payment worked out near Rs 72 lakh, roughly 130 times the NEFT equivalent and nearly 6,000 times a typical UPI transfer. UPI's daily average climbed to 802.3 million transactions in September. Its monthly count fell 1.8 percent from August.

A June amendment to Mexico's SPEI rulebook turns the design of a bank's mobile transfer flow into a supervised requirement rather than a commercial choice. Banco de México set 14 December 2026 as the date by which direct and indirect participants must conform. CoDi collection messages fall under the same specifications.

The Pan-African Payment and Settlement System is being used for far smaller payments than a year ago, according to growth figures Afreximbank published on 11 September 2026. Volume growth far outpaced value growth, putting the mean payment at about a fifth of its year-earlier size. Afreximbank published the change as percentages rather than absolute counts and values.

Banco de México's two retail payment overlays remain marginal contributors to Mexican digital payments, with annual operation counts in the low millions. A June circular requires banks and indirect SPEI participants to standardize how mobile transfers, DiMo, CoDi and QR payments appear to customers. The compliance date is 14 December 2026.

Banco Central de Chile president Rosanna Costa said the bank will consult on a regulation to make electronic transfers easier to use at merchants.

Banco de la República's 2026 financial infrastructure report attributes the rise in high-value settlement mainly to public debt trading, monetary policy operations and direct transfers between entities.

Mexico's central bank now requires SPEI participants to handle phone-number and QR transfers through one uniform in-app flow.

Chile already runs an interbank transfer rail with immediate availability of funds, but 76% of its interbank transfers are person-to-person. This analysis reviews the Banco Central de Chile's August 2026 Payment Systems Report figures and the alias, QR and API standards it plans to put out for consultation in the second half of 2026.

The CBBH's annual report on its two settlement systems shows RTGS volume rising for a fifth consecutive year, according to the 2001 to 2025 series. Giro Clearing processed the remaining 53,896,095 transactions. In effect, the split leaves Bosnia's large-value rail with a small but growing count of interbank payments that dominate settlement value.

Enrolment in Banco de México's two SPEI overlays appears to run far ahead of actual use. This profile sets out how CoDi and DiMo work, who runs them, what the adoption figures say, and what changes before the 14 December 2026 standardisation deadline.

The Banco Central de Costa Rica is preparing a QR-based version of SINPE Móvil. A channel-based transfer cap took effect on 1 June 2026. A draft Hacienda decree would require taxpayers to register their SINPE Móvil numbers. This analysis sets out the 2025 volumes, the limit reform, the draft decree and the stated redesign timeline.

If banks meet the December 14 deadline, 2027 will likely be the first full year in which CoDi and DiMo are presented the same way in every SPEI participant's app.

NFC-based contactless checkout for Wero has been deferred to 2027, with the scheme's physical retail entry now dependent on QR-code solutions requiring no specialized hardware. Merchant momentum is building through major retailer integrations and EPI-funded activation campaigns.

Three years after launch, FedNow's quarterly transaction count jumped 83% to nearly five million in Q2 2026 while total settled value barely moved. The drop in average payment size from $99,000 to $55,000 points to a system expanding beyond early large-value adopters into routine commercial payments.

Banco de Mexico's two overlay services built on SPEI have collectively enrolled over 33 million accounts since 2019 but converted only a fraction into regular transactions, reflecting the persistent leadership of cash and direct SPEI transfers in the Mexican market.

Despite 180 million banking accounts and growing SPEI adoption, Mexico's instant payment overlay CoDi has reached only 0.2% transaction penetration after six years. Industry panelists at Revolution Banking Mexico attribute the gap to device requirements, fiscal surveillance fears, and zero-commission economics that give banks no incentive to promote the service.

One year after launch, PIX Automatico shows 177 percent monthly enrollment growth, with EBANX processing 38 percent of all transactions. Sixty-four percent of users are first-time digital subscribers. B2B payments dominate financial volume at 90 percent despite representing less than five percent of transaction count.

BCB's Joint Resolution 14 capital requirements, which link minimum capital to operational activities rather than license type, entered their first phase on July 1, 2026. The central bank estimates 679 of 1,751 authorized institutions may fall below the new thresholds at full enforcement, with peer-to-peer lenders the most exposed segment.

The Central Bank of Sri Lanka replaced its legacy RTGS in March 2024 with an ISO 20022-compliant platform built by Montran. LankaSettle serves 35 participants and handles the country's large-value payments, government securities, and retail payment net obligations.

Bangladesh Bank launched an upgraded RTGS platform on 25 February 2025, replacing the original system that had been operational since October 2015.

Bulgaria's accession to the eurozone on January 1, 2026 retired its domestic RTGS, batch clearing, and instant payment systems. All payment traffic now settles through the Eurosystem's T2, STEP2, and TIPS platforms.

France became the third country to offer Wero online payments when Groupe BPCE completed the first transactions in April 2026, following Germany's November 2025 debut and Belgium's March 2026 launch. ING Germany reports a 15 percent activation rate among current account holders as merchant adoption expands across all three markets.

The National Payment Corporation of Kazakhstan processed 35.76 million RTGS transactions through the Interbank System of Money Transfers in 2025, averaging 143,600 daily settlements across 33 participants as the restructured operator expands into QR payments and digital services.

Iceland signed a TIPS participation agreement in 2025. The agreement adds the Icelandic krona as the fifth currency on the Eurosystem's instant payment settlement platform from 2028.