Annual number of real-time payments in the Netherlands in 2023, with a 2028 forecast

Real-time payments in the Netherlands were predicted to grow by almost 225 percent between 2023 and 2028, with banks being the main users of this payment tech. Approximately 28 percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of 25.8 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.