What can help increase the adoption of Faster Payments among end users?

Value-added services (VAS) play a significant role in encouraging the adoption of Faster Payments among end users. VAS enhances the basic transaction functionalities by offering additional features that add convenience, security, and improved user experience. For instance, incorporating features such as real-time transaction tracking, notifications, enhanced fraud protection, or integration with budgeting tools can increase the appeal of Faster Payments, making them more useful and attractive to consumers and businesses alike.

Faster Payments, while beneficial in themselves due to their speed, become even more compelling when they are coupled with these additional services that provide tangible benefits to the users. This can lead to increased consumer confidence and willingness to adopt faster payment methods, as users see that they not only save time but also gain functional advantages that address their needs and preferences.