Written by Modulr | Jul 24, 2025 11:00:00 PM
Real-Time Payments enable the immediate transfer (or close to immediate transfer) of funds between accounts, 24/7. This offers significant advantages over traditional payment methods with slower or unpredictable settlement times, transaction fees and lack of clarity over payment completion. Real-Time Payments typically refer to retail payment solutions, and the effective impossibility of instant payment has led to the use of the term Near Real-Time Payments, reflecting delays of seconds, minutes or even hours, in contrast to days for a payment to complete.