Annual number of real-time payments in the Netherlands in 2022, with a 2027 forecast
Real-time payments in the Netherlands were predicted to grow by almost 400 percent between 2022 and 2027, with banks being the main users of this payment tech. Approximately 26 percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2027. The source adds this equals a CAGR of 29.3 percent between the five years under consideration. The source lists the Netherlands' early adoption of the EPC SEPA Instant Credit Transfer (SCT Inst) scheme - a real-time payments infrastructure specifically for interbank transactions - as the main reason for this. This is unlike developments in India, Brazil, or Spain, where consumers are the main drivers for instant payments.