-
Consumers globally are driving demand for real-time payments as the world moves toward a real-time economy. Businesses are already responding to this change by reassessing their own approach to payments.
In our view, 2026 will see a convergence of domestic real-time payments in Australia with cross-border payment capabilities, opening a whole new world – in many cases literally – for the payments space.
{video}
Australia’s New Payments Platform enables near real-time payments to be sent 24 hours a day, seven days a week, effectively eliminating cutoff times. Consumers like this, have become accustomed to it, and are now demanding the same experience when it comes to cross-border payments.
The good news is industry in Australia established this cross-border capability in late 2024. And we believe 2026 will be the year the convergence between cross-border payments into the domestic rails in Australia takes hold, enabling payments to be sent into Australia near-real time.
In our view
ANZ has experts based in close to 30 markets in the Asia-Pacific region and around the globe. Our new series, In our view, aims to bring that expertise directly to you, providing the ideas you need to succeed in your area of business in an era of uncertainty and opportunity.
Over the coming weeks, we’ll be sharing forward-looking insights into themes such as the macroeconomy, digitisation, and shifting realities of trade, helping businesses position themselves to take advantage of these trends.
Be sure to follow ANZ Institutional on LinkedIn to stay up to date.
In terms of outward payments, at ANZ we're really excited about the proposition looking ahead. Globally, markets like the United Kingdom, India, Singapore are also connecting cross-border payments into their real time payments network. This helps provide consumers and businesses a number of faster, cheaper, transparent and secure payments options.
As more countries come on board, and consumers adopt usage, momentum behind the convergence of cross-border payments into real-time payment networks will only grow.
Sean Rowe is Head of Banks, FIG, Australia
Share
 |
Receive insights direct to your inbox |
Related articles
-
The global macro environment has been more supportive than expected, and another solid year is in prospect.
2026-01-09 00:00 -
Investment in the FB&A space will move into a new stage in 2026.
2026-01-05 00:00 -
For business, the geopolitical environment was a constant presence in 2025. Not much is likely to change.
2026-01-08 00:00
This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.