Instant Payment

byPaytm Editorial TeamLast Updated: September 15, 2025

Meaning

Instant payment refers to money transfers that happen in real-time. Once the transaction is confirmed, the money immediately reaches the receiver’s account.

Examples

  • Paying a shopkeeper through UPI.
  • Sending rent to your landlord instantly.
  • Splitting bills with friends on the spot.

Importance

  • Saves time with immediate transfer.
  • Available 24/7, including holidays.
  • Useful for both personal and business needs.

Use Case

People use instant payments for emergency transfers like hospital bills, where speed is critical.

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