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.
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
Ensures high throughput (2000 TPS), high volume, low latency with horizontal and vertical scalability and supports active-active deployment with 24×7 availability
Adoption
Enables easy integration for banks with ISO and proprietary messages
Exposes APIs for Commerce, Payments and Mobile-first via digital service layer
Settlement
Quickly creates raw data files, net positions, and settlement reports using a modified map-reduce pattern
Integration
Easy integration for participants with a convenient onboarding process
Security
Provides configurable n-factor authentication, 2048-bit end-to-end encryption, and enables Fraud and Risk management
Interoperable
ISO 20022 compliant system
Limit Management
Tracks the consumed limit of every participating bank against their respective Net Debit Cap
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
10+ Bn
transactions processed in Aug 2023
1 Bn
transactions expected to be surpassed in a day by 2025.
99.999%
uptime ensuring extreme scalability
Insights
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