Real-time payments are electronic retail payment solutions that provides services to the customers whenever needed. Real-time payments are also known as instant-payments or immediate payments. Businesses and consumers around the globe are searching for effective, secure, and faster ways of accomplishing near-real-time exchange of funds, leading to the shift in use of real-time payments. Real-time payments ease the process of transactions such as sending and receiving money. The real-time transaction procedure follows certain steps which include initiation, validation, processing, transmission, clearance, and customer alerts. Real-time Payments Market – Drivers and Restraints Banks have turned to the use of real-time payments to quickly adapt to the changing environment. The emergence of value added services and the need for rapidity are having an increasing effect on the real-time payment market. Adoption of a holistic approach for real-time payments would help organ...