Ignacio Velilla, Managing Director of Equinix in Spain, speaks to us in this tribune of
payments in real time, an increasing trend in a world where we want everything at our fingertips and immediately.

A gesture as simple and everyday as paying by card, your own mobile phone or paying off debts with friends and family with a click through a banking app, is much more than great convenience for end users. And it is that, after these apparently simple gestures, there are a large number of advantages and challenges, always hand in hand with the most cutting-edge technological advances.

The future of Commerce

Real-time payments are not only faster or instant, but they are laying the foundation for the next generation of commerce. When combined with data, Openbanking and interoperability in a highly connected global economy, real-time payments mean a whole new world of possibilities.

Although real-time payment systems are not new — Japan introduced its version in the 1970s — there has been a proliferation of domestic schemes in recent years thanks to the combination with other technologies. The application programming interfaces (APIs), open banking and the Internet of Things are accompanied at the same time by key processes that ensure their proper functioning, such as fraud detection, risk management and accounting systems. All these technologies and processes must also constantly adjust to an environment that is always active and in real time.

Furthermore, the increase in popularity of real-time payments not only influences user comfort, but another of its advantages includes cross-border payments, which has the potential to stimulate economic growth, remove barriers to trade and transform sectors as traditional as banking.

Infrastructures and collaboration, the key to success

However, for this to be a reality, it is necessary to have adequate infrastructures, and in many cases, collaboration between the different actors involved in its operation. This is necessary both to ensure its viability and to make real-time payments economically efficient.

As these new payment platforms are built and traditional systems are replaced, so must the means to connect and power these systems.Key to this is cloud technology, which enables these systems to be sustained, providing the necessary adaptability and agility, preventing actors such as banks from incurring large infrastructure investments. The cloud environment makes it possible to easily test, learn and go to market with a viable product without incurring large costs, which also means reducing barriers to entry for new and small players. Without forgetting also the critical importance of establishing a secure, reliable and low latency connectivity between the participants of the ecosystem.

To accommodate these changes, it is critical that an infrastructure supporting this new system is designed for high availability, speed, and a diverse and interconnected financial ecosystem, as well as to securely connect participants to any provider of Resident cloud: an infrastructure like Platform Equinix®, made up of more than 200 Equinix International Business Exchange ™ (IBX®) in more than 50 markets and that allows to create private and direct data exchange routes that meet all the requirements of users, suppliers and partners with the maximum guarantees of availability and security.