Real-time payments

Guarantee immediate availability of funds

Mastercard’s portfolio of real-time payment solutions fuel the digital agenda and payments innovation for domestic and cross-border payment systems and schemes.

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To find out more about our real-time payments solutions, contact Kris Kubiena

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Real-time payment infrastructure

Instant Payment Service

Instant Payment Service is a real-time clearing and settlement infrastructure with rich messaging capabilities. It powers Faster Payments in the UK, Real Time Payments in the USA, RTPS in Thailand and FAST in Singapore. 

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Real-time payment applications

Mastercard Send™

Mastercard Send™ enables near real-time payments to and from billions of card, bank and digital accounts and cash withdrawal locations in over 100 countries.

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Pay by Account

Pay by Account allows people and businesses to make payments online or in-store directly from their bank account. It is live in the UK as Pay by Bank App.

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Bill Pay Exchange

Bill Pay Exchange allows people to view, manage and pay household and other personal bills within their financial service provider’s mobile app.

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Real-Time Credits

Real-Time Credits allows financial institutions and merchants to deliver funds directly to a debit card in near real-time.

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Real-time payment services

Real-time Payments consulting

Technical advice and analysis to support your real-time payments project throughout its lifecycle, from project initiation to effective operation.

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Democratising access to real-time payments with managed services

Mastercard’s regional managed services for real-time payments significantly lower costs and other barriers to entry for banks, central banks, operators and governments looking to modernise their payment systems.

Now launching in Latin America, Asia-Pacific and Europe, and soon in the Middle East & Africa. Download our position paper to learn more.

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What are real-time payments?

Real-time payments guarantee immediate availability of funds to the beneficiary of the transaction.

A number of pseudo-real-time payment solutions are available to the market, which post immediately. Major variations occur with the frequency of settlement, which can be in real-time or periodically throughout the day.

What are the benefits of real-time payments?

Real-time payments offer wide-ranging benefits for people, businesses and society.

Real-time payments:

  • guarantee immediate availability of funds to the beneficiary
  • support better cash management and improved liquidity
  • ease the transition to electronic payments