While FedNow operates 24x7x365, that 'always-on' capability isn't available for cross-border transactions. Roadblocks to FedNow adoptionFedNow's proposal is one piece in the broader puzzle of instant payments, according to FTI's Hansen. Finastra's Duta said prioritizing connecting to countries with instant payment rails, such as UPI in India or Pix in Brazil, could enable truly instant cross-border payments. During the first part, depository institutions would be able to opt in to receive and send cross-border transactions over FedNow. Unlike the credit card space, unanswered questions remain in the instant payment industry around disputes and chargebacks.