Abstract
Adopting RTPS worldwide also presents global society with a new era of paying and receiving value immediately, instantly, and smoothly. Though these systems are developing, scale elements challenge them with latency, data throughput, and problems in the infrastructure. This paper outlines the RTPS technical foundation, identifies current scalability issues, and assesses possible technological remedies. By integrating the case investigations and the quantitative findings, the research contributes valuable prescriptive suggestions for financial organizations and policymakers who aim to strengthen the effectiveness of RTPS.
Keywords
real-time payment platforms, elasticity, response time, financial technology, optimization of modern payment infrastructure
Citations
IRE Journals:
Pushpalika Chatterjee
"Real-Time Payment Systems and their Scalability Challenges" Iconic Research And Engineering Journals Volume 6 Issue 12 2023 Page 1461-1470
IEEE:
Pushpalika Chatterjee
"Real-Time Payment Systems and their Scalability Challenges" Iconic Research And Engineering Journals, 6(12)
About IRE Journals
IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
Important Links
For Authors
Volume 7:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 6:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 5:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 4:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12Volume 3:
Issue 1, Issue 2, Issue 3, Issue 4, Issue 5, Issue 6, Issue 7, Issue 8, Issue 9, Issue 10, Issue 11, Issue 12