Real-time transactions refer to financial transactions that are processed and completed instantly, without any delay or waiting period. These transactions occur in real-time, meaning that the funds are transferred immediately and the transaction is reflected in the account balance immediately. Real-time transactions are commonly used in online banking, e-commerce, and payment processing systems, providing users with the convenience and efficiency of instant financial transactions. This technology enables businesses and individuals to make quick and secure payments, ensuring a seamless and efficient financial experience.
