Payment rail

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A payment rail is a term used to describe a payment platform or a payment network that moves money from a payer to a payee. Either party could be a consumer or business, and both parties are able to move funds on the network.[1] Credit card rails refer to the credit card payment system.[2] Blockchain is considered a newer type of payment rail, as are centralized electronic payment systems such as PayPal and Venmo.[3] If the transferred funds are available immediately, a payment rail is referred to as a real-time rail.[4]


  1. ^ "The Blockchain as a Settlement Rail for Payments". 2014-12-05. Retrieved 2018-09-26.
  2. ^ "Blockchain may finally disrupt payments from Micropayments to credit cards to SWIFT". 2018-02-10. Retrieved 2018-09-26.
  3. ^ "PayPal and Google bind payment rails". 2018-05-25. Retrieved 2018-09-26.
  4. ^ "Canada's payments modernization effort chugs towards 'real time rail' by end of 2019". 2018-09-18. Retrieved 2018-11-19.