Real-Time Payments

Instant Transfers (ITs)

What are Instant Transfers. Instant transfers refer to payment transactions that allow funds to move from one account to another almost immediately, typically within seconds.

RSP

What is RSP RSP, or Real-Time Settlement Payments, refers to financial transactions that are settled instantly or nearly instantly, allowing funds to become immediately available to the recipient.

Real-time Payment Systems

What are Real-time Payment Systems Real-time Payment Systems (RTPs) are advanced financial infrastructures that enable the immediate or near-immediate transfer of funds between banks and financial institutions, operating 24 hours a day, 7 days a week.

VISA Direct

What is VISA Direct VISA Direct is a payment service offered by Visa Inc., one of the world’s largest payment networks. The service enables fast and secure fund transfers across visa’s global network.

PIX

What is PIX. PIX is an instant payment system developed by the Central Bank of Brazil that enables real‑time digital transfers between accounts anytime; including weekends and holidays.

UPI - United Payments Interface

What are UPI – United Payments Interface Unified Payments Interface (UPI) is a transformative real-time payment system developed by the National Payments Corporation of India (NPCI) that allows individuals and businesses to send and receive money instantly using mobile devices.

Unified Payments Interface (UPI)

This article explores the Unified Payments Interface (UPI), a revolutionary framework developed by the NPCI. It explains how UPI replaces traditional credentials with a Virtual Payment Address (VPA), enabling instant 24/7 transfers. By 2026, UPI has become the world's leading real-time payment system, processing over 21 billion monthly transactions and expanding into 12+ countries, including Malaysia and Singapore.

Bulk (Batch) Payments(BBP)

Explore the comprehensive guide to Bulk Payments, covering its evolution, significance, and impact in the global banking and financial services sector. Learn about the application, benefits, and future trends of Bulk Payments for businesses and financial institutions.