{"id":440,"date":"2023-05-02T03:53:07","date_gmt":"2023-05-02T03:53:07","guid":{"rendered":"https:\/\/payplusmyanmar.com\/?page_id=440"},"modified":"2023-05-05T07:16:32","modified_gmt":"2023-05-05T07:16:32","slug":"real-time-payment-payment-float","status":"publish","type":"page","link":"https:\/\/payplusmyanmar.com\/index.php\/real-time-payment-payment-float\/","title":{"rendered":"real-time payment &#8211; payment float"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"440\" class=\"elementor elementor-440\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de5476d elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"de5476d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72bdf90\" data-id=\"72bdf90\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-02e0786 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"02e0786\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1152\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-2048x1152.jpg\" class=\"attachment-2048x2048 size-2048x2048 wp-image-441\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-2048x1152.jpg 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-300x169.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-1024x576.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-768x432.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-1536x864.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-800x450.jpg 800w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c8463b elementor-hidden-desktop elementor-widget elementor-widget-image\" data-id=\"3c8463b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1152\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-2048x1152.jpg\" class=\"attachment-2048x2048 size-2048x2048 wp-image-441\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-2048x1152.jpg 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-300x169.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-1024x576.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-768x432.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-1536x864.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/real-time-p-2-01-800x450.jpg 800w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-623a96e elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"623a96e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">May 2, 2023 | By Jason Myat, Ruth Aung<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69f189a elementor-hidden-desktop elementor-widget elementor-widget-heading\" data-id=\"69f189a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">May 2, 2023 | By Jason Myat, Ruth Aung<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ec5ec0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ec5ec0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6b8be00\" data-id=\"6b8be00\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b3f43f elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"4b3f43f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Real-time Payment - Payment Float<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f58b85f elementor-hidden-desktop elementor-widget elementor-widget-heading\" data-id=\"f58b85f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Real-time Payment (Payment Float)<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b13296 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"0b13296\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Payment systems have evolved throughout the years, moving from cash to checks, credit and debit cards, and finally to mobile payment methods. However, despite these advancements, there are still inefficiencies in payment systems.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad00bf2 elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"ad00bf2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Payment systems have evolved throughout the years, moving from cash to checks, credit and debit cards, and finally to mobile payment methods. However, despite these advancements, there are still inefficiencies in payment systems.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-296f3d1 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"296f3d1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Payment Float<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34789f9 elementor-hidden-desktop elementor-widget elementor-widget-heading\" data-id=\"34789f9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Payment Float<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47db94b elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"47db94b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"661\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-1024x661.jpg\" class=\"attachment-large size-large wp-image-448\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-1024x661.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-300x194.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-768x496.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-1536x991.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-2048x1321.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-976dbe7 elementor-hidden-desktop elementor-widget elementor-widget-image\" data-id=\"976dbe7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"661\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-1024x661.jpg\" class=\"attachment-large size-large wp-image-448\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-1024x661.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-300x194.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-768x496.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-1536x991.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/Male-cartoon-character-thinking-about-credit-card-and-coin-Converted-01-2048x1321.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f2900b elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"3f2900b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Payment delays from a payer to a payee during their transactions lead to economic inefficiency, with substantial implications for both financial institutions and their clients. Non-cash payment methods like paper-based or card-based ones tend to face this most usually. The delay between when a payment is initiated by the payer and when the funds are accessible to the payee is described as the &#8220;payment float.&#8221; The money is still in progress at this time and cannot yet be used by the payee. The duration may change depending on variables like the chosen payment method and the bandwidth of the banks or other financial institutions involved. Cash flow and financial planning for both the payer and payee may well be affected by the payment float. In order to avoid cash flow issues and assure that payments are paid and received on time, it is essential to understand the payment float and consider it when making decisions while managing finances. On the consumer side, a delay in a pay check that a company issues to an employee may limit that person&#8217;s ability to spend money in the short term, thus increasing expenses through the use of short-term financing products. Although if each late payment may have a minimal effect, taken collectively, they might cause a significant financial impact.<\/span><\/p><p><br style=\"font-weight: 400;\" \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e91615 elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"5e91615\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Payment delays from a payer to a payee during their transactions lead to economic inefficiency, with substantial implications for both financial institutions and their clients. Non-cash payment methods like paper-based or card-based ones tend to face this most usually. The delay between when a payment is initiated by the payer and when the funds are accessible to the payee is described as the &#8220;payment float.&#8221; The money is still in progress at this time and cannot yet be used by the payee. The duration may change depending on variables like the chosen payment method and the bandwidth of the banks or other financial institutions involved. Cash flow and financial planning for both the payer and payee may well be affected by the payment float. In order to avoid cash flow issues and assure that payments are paid and received on time, it is essential to understand the payment float and consider it when making decisions while managing finances. On the consumer side, a delay in a pay check that a company issues to an employee may limit that person&#8217;s ability to spend money in the short term, thus increasing expenses through the use of short-term financing products. Although if each late payment may have a minimal effect, taken collectively, they might cause a significant financial impact.<\/span><\/p><p><br style=\"font-weight: 400;\" \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87dd888 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"87dd888\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Payment Float Problems<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8bc477 elementor-hidden-desktop elementor-widget elementor-widget-heading\" data-id=\"f8bc477\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Payment Float Problems<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3d31e3a elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"3d31e3a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-f5d0e02\" data-id=\"f5d0e02\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f083ea3 elementor-widget elementor-widget-text-editor\" data-id=\"f083ea3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As mentioned above about the payment float, the problems the float has created have solutions after the introduction of real-time payments to the users and businesses in some countries. If money is locked up at the respective financial institution of either the payer or the payee, cash accessibility may be limited or even impossible. The overall delay may lead to financial inefficiencies and other potential risks for both individuals and corporations. For most individuals, this might not pose a significant threat, but for business purposes, it creates a series of issues which can prevent the businesses from operating overall.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4e85814 elementor-section-full_width elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"4e85814\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8cb29f3\" data-id=\"8cb29f3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56d4dc0 elementor-widget elementor-widget-image\" data-id=\"56d4dc0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"263\" height=\"263\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/additionalCost.png\" class=\"attachment-large size-large wp-image-636\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/additionalCost.png 263w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/additionalCost-150x150.png 150w\" sizes=\"auto, (max-width: 263px) 100vw, 263px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-73981d1\" data-id=\"73981d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3cc39e7 elementor-widget elementor-widget-text-editor\" data-id=\"3cc39e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\u00a0<\/p><p><span style=\"font-weight: 400;\">This can affect <\/span><b><span style=\"color: #961fc4;\">cash contingency<\/span><\/b><span style=\"font-weight: 400;\"> severely as in the payment float causing a gap in cash flow that can be difficult to manage, particularly if a significant amount needs to be paid. Businesses that go with a steady income stream will find it difficult to operate and have cash contingency in store for emergency financial cases. Every business has a cash contingency, a fund, that a business creates as a support network to cover unforeseen or unplanned expenses or events. Without sufficient funds in the contingency, businesses will be facing financial problems that will have a major impact on business functions. So, to prevent this and to make sure about having sufficient funds in hand, some businesses have to lend money from other financial institutes outside of theirs leading to additional costs in the system. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fa4ab7f elementor-section-full_width elementor-hidden-desktop elementor-section-height-default elementor-section-height-default\" data-id=\"fa4ab7f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d0123aa\" data-id=\"d0123aa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8475f76 elementor-widget elementor-widget-image\" data-id=\"8475f76\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"263\" height=\"263\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/additionalCost.png\" class=\"attachment-large size-large wp-image-636\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/additionalCost.png 263w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/additionalCost-150x150.png 150w\" sizes=\"auto, (max-width: 263px) 100vw, 263px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-038b514\" data-id=\"038b514\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e12f632 elementor-widget elementor-widget-text-editor\" data-id=\"e12f632\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This can affect <\/span><b><span style=\"color: #961fc4;\">cash contingency<\/span><\/b><span style=\"font-weight: 400;\"> severely as in the payment float causing a gap in cash flow that can be difficult to manage, particularly if a significant amount needs to be paid. Businesses that go with a steady income stream will find it difficult to operate and have cash contingency in store for emergency financial cases. Every business has a cash contingency, a fund, that a business creates as a support network to cover unforeseen or unplanned expenses or events. Without sufficient funds in the contingency, businesses will be facing financial problems that will have a major impact on business functions. So, to prevent this and to make sure about having sufficient funds in hand, some businesses have to lend money from other financial institutes outside of theirs leading to additional costs in the system.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a34fb7f elementor-section-full_width elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"a34fb7f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-25def13\" data-id=\"25def13\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-735f436 elementor-widget elementor-widget-image\" data-id=\"735f436\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp.jpg\" class=\"attachment-large size-large wp-image-637\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp.jpg 1000w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-300x300.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-150x150.jpg 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-768x768.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-600x600.jpg 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d828627\" data-id=\"d828627\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-32f6d9d elementor-widget elementor-widget-text-editor\" data-id=\"32f6d9d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b><span style=\"color: #8826bd;\"><span style=\"color: #8932b8;\">Additional cost<\/span><\/span><\/b><span style=\"font-weight: 400;\"><span style=\"color: #8932b8;\">,<\/span> another risk from payment float which could go beyond the problems of cash contingency as above is also another consequence of payment float. Additional costs include interest rate, late payment fees, administrative expenses, opportunity cost and reputation damage. Using credit to pay expenditures during the payment float can lead to interest and late payment fees while administration expenses will increase to monitor the payments to avoid payment float. The potential revenues or progress that are lost during the payment float might lead to opportunity cost. Additionally, it can also undermine the capacity of a company to handle financial responsibilities if payments are often late or disputes occur as a result of payment float.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c998f38 elementor-section-full_width elementor-hidden-desktop elementor-section-height-default elementor-section-height-default\" data-id=\"c998f38\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fc8073e\" data-id=\"fc8073e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-293eaa8 elementor-widget elementor-widget-image\" data-id=\"293eaa8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp.jpg\" class=\"attachment-large size-large wp-image-637\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp.jpg 1000w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-300x300.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-150x150.jpg 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-768x768.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/pp-600x600.jpg 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7462d41\" data-id=\"7462d41\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1654dbc elementor-widget elementor-widget-text-editor\" data-id=\"1654dbc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b><span style=\"color: #8826bd;\"><span style=\"color: #8932b8;\">Additional cost<\/span><\/span><\/b><span style=\"font-weight: 400;\"><span style=\"color: #8932b8;\">,<\/span> another risk from payment float which could go beyond the problems of cash contingency as above is also another consequence of payment float. Additional costs include interest rate, late payment fees, administrative expenses, opportunity cost and reputation damage. Using credit to pay expenditures during the payment float can lead to interest and late payment fees while administration expenses will increase to monitor the payments to avoid payment float. The potential revenues or progress that are lost during the payment float might lead to opportunity cost. Additionally, it can also undermine the capacity of a company to handle financial responsibilities if payments are often late or disputes occur as a result of payment float.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-582d6bb elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"582d6bb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-64e7c8f\" data-id=\"64e7c8f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db3c05c elementor-widget elementor-widget-image\" data-id=\"db3c05c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-1024x1024.jpg\" class=\"attachment-large size-large wp-image-447\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-1024x1024.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-300x300.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-150x150.jpg 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-768x768.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-1536x1536.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-2048x2048.jpg 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/05\/4669609-01-600x600.jpg 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-99d4d64\" data-id=\"99d4d64\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c4e603 elementor-widget elementor-widget-text-editor\" data-id=\"5c4e603\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-size: 18px; font-weight: 400;\">As payment float can lead to economic inefficiency where <\/span><span style=\"font-size: 18px; font-weight: 400;\">both financial institutions and their clients face substantial implications, this can become a major threat to any transaction made. Therefore, businesses and individuals should consider implementing real-time payments to reduce payment inefficiency. To learn how real-time payment can counter these payment inefficiencies, stay tuned for the article part 3.<\/span><span style=\"font-size: 18px; font-weight: 400;\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-924a09a elementor-section-full_width elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"924a09a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-396356e\" data-id=\"396356e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bf6711a\" data-id=\"bf6711a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22e1fa6 elementor-widget elementor-widget-heading\" data-id=\"22e1fa6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/payplusmyanmar.com\/index.php\/article\/\"><- More  Articles<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f83250e elementor-section-full_width elementor-hidden-desktop elementor-section-height-default elementor-section-height-default\" data-id=\"f83250e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-463fef8\" data-id=\"463fef8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbc1de4 elementor-widget elementor-widget-heading\" data-id=\"fbc1de4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/payplusmyanmar.com\/index.php\/article\/\"><- More Articles<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>May 2, 2023 | By Jason Myat, Ruth Aung May 2, 2023 | By Jason Myat, Ruth Aung Real-time Payment &#8211; Payment Float Real-time Payment (Payment Float) Payment systems have evolved throughout the years, moving from cash to checks, credit and debit cards, and finally to mobile payment methods. However, despite these advancements, there are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"footnotes":""},"class_list":["post-440","page","type-page","status-publish","hentry","entry"],"_links":{"self":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages\/440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/comments?post=440"}],"version-history":[{"count":89,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages\/440\/revisions"}],"predecessor-version":[{"id":1989,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages\/440\/revisions\/1989"}],"wp:attachment":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/media?parent=440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}