Nets is a provider of real-time payment systems in multiple European countries. It launched its RealTime24/7 instant payment system in Denmark in 2013, which then saw rapid uptake and became the basis for mobile P2P payment platforms. Since then, Nets has partnered with financial institutions and providers in other countries like Italy, Hungary, Norway, and Slovenia to implement instant payment infrastructures. Instant payments provide benefits like removing friction from transactions and allowing new use cases and opportunities for person-to-person, person-to-business, and business-to-business payments. They also have the potential to reduce transaction costs and increase customer experience compared to traditional batch processing systems.