Real-time payments (RTP) are transforming money movement with instant clearing, settlement, and 24/7 availability, projected to grow 600% in the U.S. by 2025. Catalysts include central bank initiatives, consumer demand for faster payments, mobile-first technology, and expectations for instant access. North America is advancing through The Clearing House RTP, FedNow, Interac, and Canada’s Real-Time Rail. Challenges include fraud risks, interoperability, and slow adoption. Success depends on value-added services like directory tools, risk analytics, request-to-pay, and cross-border integration to build trust and scale.

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