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Businesses can also settle invoices instantly. This eliminates the need for credit, and allows for more efficient cash management. They also help in the development of innovative business models. Despite the benefits, real-time payment is not yet widely available. Only about 72 percent of the world's population has access to RTP however, it is expected to expand rapidly in the future as more customers want more speedier and more efficient services. These new technologies will appeal to Gen Z and millennials, who are more comfortable with technology. RTP solves the shortcomings of ACH and Wire Transfer, which take up to a business day to move funds (although same-day ACH is now possible). In addition to speeding bank transfers, real time payments eliminate the risk of transactions by making funds irrevocable and support attaching richer context to each transaction. Additionally, they allow for greater transparency in banking process. This is a top priority for 30 percent of PYMNTS respondents. They can also help cut costs by implementing more efficient financial planning and management. They can also improve liquidity and decrease the requirement for credit, which is which is a major benefit for small businesses that are experiencing slow ACH payments.