Sumble logo
Explore Technology Competitors, Complementaries, Teams, and People
RTGS

RTGS

Last updated , generated by Sumble
Explore more →

**RTGS**

What is RTGS?

RTGS stands for Real-Time Gross Settlement. It is a funds transfer system where money or securities transfer takes place from one bank to another on a 'real-time' and 'gross' basis. 'Real-time' means the transaction is processed as soon as it is received, and 'gross settlement' means the transaction is settled on a one-to-one basis without netting with any other transaction. RTGS systems are typically used for high-value transactions that require immediate clearing.

What other technologies are related to RTGS?

RTGS Competitor Technologies

NEFT
National Electronic Funds Transfer (NEFT) is a retail payment system in India that facilitates one-to-one fund transfers and is a potential competitor to RTGS, especially for smaller value transactions.
IMPS
Immediate Payment Service (IMPS) is a real-time payment system in India and another competitor to RTGS, designed for instant fund transfers, especially for smaller amounts.
UPI
Unified Payments Interface (UPI) is a real-time payment system in India that enables instant fund transfers between two bank accounts on a mobile platform, a strong competitor for retail payments.
CMU
Central Moneymarkets Unit (CMU) provides clearing, settlement, and custodian services for debt securities, potentially competing in specific aspects of wholesale payments.
ACH
Automated Clearing House (ACH) is a network used for electronic fund transfers in the US, acting as a competitor to RTGS for certain types of payments, particularly recurring and batch payments.
SEPA
Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers, competing with RTGS for Euro payments within its coverage.
CHAPS
CHAPS (Clearing House Automated Payment System) is a UK-based payment system that provides same-day sterling payments, offering a competing service to RTGS for high-value transactions.
RTP
Real-Time Payments (RTP) systems are designed for immediate interbank settlements and are a direct competitor to RTGS, especially for scenarios requiring immediate finality.
Number of organizations that mention technology
ⓘ Tap on a tech to explore matching organizations

Which organizations are mentioning RTGS?

Summary powered by Sumble Logo Sumble

Find the right accounts, contact, message, and time to sell

Whether you're looking to get your foot in the door, find the right person to talk to, or close the deal — accurate, detailed, trustworthy, and timely information about the organization you're selling to is invaluable.

Use Sumble to: