Real Time Payments Market Size 2023 to 2032

The term “real-time payment” (RTP) is used to describe any account-to-account fund transfer that allows for the immediate availability of funds to the beneficiary of the transaction. Real-time payments offer a confirmation of funds via a real-time balance; once a payment is authorized, the payer’s account reflects the deduction of funds instantaneously. The growth of real-time payments has been driven by factors such as increasing consumer demand for convenience, security, and efficiency, as well as advances in technology and the growth of e-commerce.

ID : IL_890 | Language's : En/Jp/Fr/De | Publisher : IL | Format :