TD Bank’s Kushank Rastogi recently shared his insights on real-time payments at the Payments Canada Summit. As the Vice President of Payments and Receivables at TD Bank, Rastogi has a wealth of experience in the payments industry and is well-positioned to provide valuable insights on the topic.
Real-time payments have been gaining traction in recent years, with many countries around the world implementing real-time payment systems. Real-time payments allow for near-instantaneous transfer of funds between bank accounts, making it a convenient and efficient way to make payments.
During his presentation at the Payments Canada Summit, Rastogi discussed the benefits of real-time payments and how they can improve the overall payments experience for consumers and businesses. He highlighted the fact that real-time payments can help reduce fraud and improve cash flow management, as well as provide greater transparency and visibility into payment transactions.
Rastogi also discussed the challenges associated with implementing real-time payment systems, such as the need for robust infrastructure and security measures. He emphasized the importance of collaboration between banks, regulators, and other stakeholders in order to ensure the successful implementation of real-time payment systems.
In addition to discussing the benefits and challenges of real-time payments, Rastogi also shared his thoughts on the future of payments. He predicted that we will see continued innovation in the payments industry, with new technologies such as blockchain and artificial intelligence playing a larger role in payment processing.
Overall, Rastogi’s insights on real-time payments provide valuable information for anyone interested in the payments industry. As real-time payment systems continue to gain popularity around the world, it is important for businesses and consumers alike to understand the benefits and challenges associated with this technology. With experts like Rastogi leading the way, we can expect to see continued innovation and growth in the payments industry in the years to come.
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