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Treasury and Payments

Instant payments: Instant rewards

Instant Payments: Instant Rewards
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Real-time payments use cases expand, provide value for businesses


  • APIs provide corporate treasury departments with instantaneous connectivity, which helps businesses participate in RTP networks and expands the number of use cases beyond banks.
  • For example, a gas distributing company may use the RTP service to get paid faster for filling up a gas station’s supply tanks, which is known as payment on delivery.
  • With the influx of data that comes with RTP, banks can help corporates ingest and harness that data across the business’ ecosystem to improve competencies down the chain like, for example, enhancing their own fraud account takeover capabilities.
  • Request for pay will continue to be a big focus in the future, along with enabling debit-like functionalities with consent mandate services. Cross-border payments will also be important.


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Cyrus Bhathawalla, Global Head of Real-Time Payments, J.P. Morgan

Cyrus Bhathawalla is the Global Head of Real-Time Payments for J.P. Morgan, responsible for the strategy and operation of J.P. Morgan’s real-time payments products around the globe. Cyrus has 10+ years of experience in the banking and payments industry across the Americas, APAC and UK/Europe. 

Cyrus has helped develop and launch multiple real-time banking and payment infrastructures around the world, including as the entire industry’s design lead for the New Payments Platform in Australia. Prior to J.P. Morgan, Cyrus was a leader in KPMG’s payments consulting practice—where he has helped both banking and large corporate clients develop real-time payments strategies, developed end-to-end consumer and commercial payments products, and led implementation of payment processing technology.


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