Solution from RS – Enabling the ecosystem
Payment landscape is undergoing a significant change to meet the demands of payment in a world operating on 24x7x365 basis. Real-time payment or instant payment is the need of the hour and many countries are now embracing real-time payment, making it the new normal. Real-time payment or instant payment allows for the immediate transfer of money from one account to another round the clock with certainty, convenience and low cost. It creates a world of friction-less commerce and enables a financial world where payment is seamless and immediate. A digital overlay service layer on top of real-time payment switch fosters innovation and realization of the real-time payment use cases.