RS RealEdge™

The first-of-its-kind third generation real-time payment market infrastructure solution, with multi-rail capability

A market infrastructure solution for real-time payments

RS RealEdge™ is the first-of-its-kind real-time payment system globally, with a unique architecture that supports high throughput, processing time of less than 50 millisecond per transaction, 99.999% availability, and offers scalability based on the demand of the ecosystem.

The state-of-the-art 3rd generation real-time payment processing platform offers an interoperable technology stack to enable ‘Open Ecosystem’ through a combination of Open Payments, Open Finance, and Open Data.

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Features

RS RealEdge™ can enable a digital payment market-infrastructure operator to offer equitable access for accelerated adoption, allowing Fintech (sponsored by financial institutions) to connect to the central infrastructure to submit payment initiation, while RS RealEdge™ orchestrates amongst debtor and creditor institutions and Fintech to process and confirm the payment in real-time. This enables an “open ecosystem” that enriches stakeholders accruing from the data-led insights from the central switch.

API-First | Mobile-First | Microservices-based architecture | ISO 20022 compliant Real-time Payment Message Infrastructure | Smart Addressing Real-time Clearing Liquidity Monitoring | Fund Management

Performance

Performance

Ensures high throughput (2000 TPS), high volume, low latency with horizontaland vertical scalability and supports active-active deployment with 24×7 availability

Adoption

Adoption

Enables easy integration for banks with ISO and proprietary messages
Exposes APIs for Commerce, Payments and Mobile-first via digital service layer

Settlement

Settlement

Quickly creates raw data files, net positions, and settlement reports using a modified map-reduce pattern

Integration

Integration

Easy integration for participants with a convenient onboarding process

Security

Security

Provides configurable n-factor authentication, 2048-bit end-to-end encryption, and enables Fraud and Risk management

Interoperable

Interoperable

ISO 20022 compliant system

Limit Management

Limit Management

Tracks the consumed limit of every participating bank against their respective Net Debit Cap

Cost Effective

Cost Effective

Built using open-source technology, optimizing license cost and TCO

Our demonstrated track record

RS Software the team that exclusively built UPI, world largest real time payment rail. Setting the gold standard with innovative technology for market infrastructure to accelerate adoption, drive collaboration, and deliver real-time money movement.

India’s UPI is a global hallmark for real-time payment platforms – Transforming the livers of a Billion+ people by accelerating the adoption of digital commerce. RS Software’s relentless focus on customer experience, equitable access, ease, and convenience, has been critical to UPI’s accelerated adoption and resounding success.

RS Software has architected and designed the real-time payment system for a digital payment market-infrastructure operator in North America to offer future-ready, modern system for customers and businesses to experience 24×7 secure and transparent real-time payments.

 

Numbers are the best testimony to our credentials

15+ Bn
15+ Bn

transactions processed in Aug 2024

1 Bn
1 Bn

transactions expected to be surpassed in a day by 2025.

99.999%
99.999%

uptime ensuring extreme scalability

Insights

May 29, 2024 Enhancing Payment Security: The Case for Centralized Identification and Authentication

Have you ever wondered how many financial institutions hold your KYC information? Banks, credit unio

June 7, 2023 Redefining Payments: Tracing the evolution of Unified Payments Interface

Old dog, new tricks Unless you have been dwelling in a cave, it’s impossible to escape the mighty

December 8, 2022 RBI enhances UPI Mandates and expands Scope of BBPS

In his statement during the Monetary Policy Meeting on December 5-7, 2022, the RBI Governor announce

January 19, 2021 Is it time for the Nordics to learn payments innovation from India?

A column published in FinansWatch, by Kristian T Sorensen, Partner in Norfico, emphasizes the releva

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