Q3 2025 Mission Update: Speed
Our journey towards instant payments
Another quarter has flown by, and we're thrilled to share our continued progress in making all your payments instant! 74%* of your transfers now arrive in under 20 seconds – up from 70% last quarter. That means more of your payments land faster, wherever you’re sending.
So, what's changed?
IIn Q3, we've made some fantastic improvements to how quickly your money moves, especially for our customers in the Asia-Pacific region!
One of our biggest wins was in Australia. We've connected more deeply with Australia's New Payments Platform (NPP), making it easier and faster to send money there. A key upgrade was connecting to the International Payments Service (IPS) within the NPP, which has boosted the number of instant payments to Australian Dollars by about 25%! That means your money gets where it needs to go much, much quicker.
Malaysian customers using DuitNow RPP for MYR payments now enjoy 16% more instant transfers, with funds reaching their accounts in about 10 seconds.
We also made a big step forward in the Philippines. We enabled Instapay for more payments, so now 25% of all payments to the Philippines can go through Instapay. This has led to a 7% increase in payments delivered instantly to Philippine Pesos, putting more money in your recipient's hands, faster.
Great news from India! We've implemented IMPS payments, which means 7% more payments from the Indian Rupee (INR) are now instant.
Boosted accuracy for quicker deliveries
Speed is only half the story. We’ve also made delivery times more accurate. We track the accuracy of our payment's arrival time as ‘Early’, ‘On time’ or ‘Late’.
We've improved delivery estimates for payments sent to Chilean Pesos (CLP) and Vietnamese Dong (VND).This means greater transparency and predictability for you. You'll now have a much clearer understanding of how long your payments will take to reach their destination in these two currencies.
This marks a successful close to Q3 on our speed initiatives. Stay tuned for Q4, as we continue our efforts to further improve payment speeds for currencies like EUR, SEK, and DKK!
*Transaction speed claimed depends on individual circumstances and may not be available for all transactions.
