Real Time Payments Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Real Time Payments Market: By Nature of Payment (Business-to-Person (B2P), Person-to-Business (P2B), Person-to-Person (P2P) and Others), By Component (Services and Solutions), By Deployment Mode (Cloud-Based and On-Premises), By Enterprise Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), By End User (Banking, Financial Services and Insurance (BFSI), Energy & Utilities, Government, Healthcare, IT & Telecom, Retail & E-commerce, Travel & Tourism and Others) and Geography

 

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Report

Description

Real Time Payments Market size was valued at 9.3 billion in 2021 and is expected to reach 54.9 billion by 2028, at a CAGR of 28.9% during the forecast period 2022 to 2028. Some of the key factors fueling the market growth include high usage of smartphones, government initiatives are quickening the acceptance of real time payments solutions, rising volumes of cashless transactions, increasing focus of governments on developing their own RTP systems across each country, progressive changes in regulatory framework and growing use of real time payments across diverse industry verticals. However, growing market competition and lack of interoperability between schemes are the major factors hindering the market growth. Countries around the world are moving to real-time payments (RTP) as businesses and consumers are looking for ways to send and receive money in a more effective, secure and faster way to accomplish near-real-time exchange of funds. In some of these countries, faster payment networks are enabling transactions to clear in minutes or even seconds, supported by common standards and economic incentives to participate. The growing ubiquity of smart devices and booming online retail commerce in markets is driving the rapid adoption of real-time payments. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global real time payment market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global real time payment market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Global real time payment market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In August 2018, ACI Worldwide partnered with SPAN Enterprises, a cloud-based software company, to boost payments and enhance the customer experience in the transportation industry by deploying ACI’s Official Payments, an IRS tax payment system.

Real Time Payments Market

MARKET SUMMARY
-
28.9%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 28.9%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Real Time Payments Market

  • The global real time payment market report gives comprehensive outlook on real time payment across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global real time payment market gives historical, current, and future market sizes (US$ Mn) on the basis of nature of payment, component, deployment mode, enterprise size, end user and region.
  • Key stakeholders of the global real time payment market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global real time payment products.
Key Players
  • SIA
  • Ripple
  • REPAY
  • PayPal
  • Nets
Real Time Payments Market

DRIVERS AND RESTRAINTS

The mass acceptance of real-time payment systems around the globe has contributed to an environment in which many merchants, consumers and financial institutions anticipate to be able to pay friends and customers, settle bills, and transfer money at the drop of a hat. While the concept of “paying now” is not a new one cash is an immediate payment transaction instrument after all the growth of “real-time payment” options has aided build a new standard among consumers. This new standard is motivating change for traditional payment type’s checks, credit, debit, prepaid, and the like as consumers have generally come to expect faster settlement periods.


Asia-Pacific Got Significant Share

Real Time Payments Market

Asia Pacific accounted for larger revenue share in global real time payment market with considerable CAGR. The growth in this region is attributed to increasing usage of smartphones in emerging economies and favorable government initiatives related to digital transactions. Adoption of advanced technologies, economic developments and high investments by real time payments solution are other factors responsible for the market growth. China and India are the major contributors for the growth of the market in the region. North America held substantial market share during estimated period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global real time payment market expanding at significant CAGR over 2021 to 2028 due to increasing focus of governments on developing their own RTP systems across each country
  • Based on nature of payment, business-to-person (B2P) segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global real time payment market

Key

Features of the Report

Real Time Payments Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Real-Time Payments Market Introduction
    • Global Real-Time Payments Market – Taxonomy
    • Global Real-Time Payments Market –Definitions
      • Nature of Payment
      • Component
      • Deployment Mode
      • Enterprise Size
      • End User
  1. Global Real-Time Payments Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Real-Time Payments Market Dynamic Factors – Impact Analysis
    • Global Real-Time Payments Market – Competition Landscape
  2. Global Real-Time Payments Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Real-Time Payments Market, By Nature of Payment, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Business-to-Person (B2P)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Person-to-Business (P2B)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Person-to-Person (P2P)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)ion Coatings
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)ion Coatings
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Component, 2014 – 2018 and Forecast, 2019 – 2025
    • Services
      • Managed Services
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Integration & Implementation Services
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Advisory Services
        • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Solutions
        • Security & Fraud Management
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Payment processing
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Payment Gateway
          • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Deployment Mode, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Cloud-Based
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • On-Premises
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Enterprise Size, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Small and Medium-Sized Enterprises (SMEs)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Large Enterprises
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Banking, Financial Services and Insurance (BFSI)
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Energy & Utilities
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Government
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • IT & Telecom
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail & E-commerce
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Travel & Tourism
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Real-Time Payments Market – Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Region, 2019 – 2025
  2. North America Real-Time Payments Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Nature of Payment Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Real-Time Payments Market – Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2019 – 2025
      • North America Real-Time Payments Market Dynamics – Trends
  1. Europe Real-Time Payments Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Nature of Payment Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Real-Time Payments Market – Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2019 – 2025
      • Europe Real-Time Payments Market Dynamics – Trends
  1. Asia-Pacific Real-Time Payments Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Nature of Payment Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Real-Time Payments Market – Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2019 – 2025
      • Asia-Pacific Real-Time Payments Market Dynamics – Trends
  1. Latin America Real-Time Payments Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Nature of Payment Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Real-Time Payments Market – Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2019 – 2025
      • Latin America Real-Time Payments Market Dynamics – Trends
  1. Middle East and Africa Real-Time Payments Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Nature of Payment Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Real-Time Payments Market – Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2019 – 2025
      • MEA Real-Time Payments Market Dynamics – Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Nature of Payment & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • SIA
      • Ripple
      • REPAY
      • PayPal
      • Nets
      • Visa
      • Mastercard
      • Intelligent Payments
      • IntegraPay
      • Icon Solutions
      • Global Payments
      • Capegemini
      • Apple
      • Alipay (Ant Financial)
      • ACI Worldwide
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • SIA
  • Ripple
  • REPAY
  • PayPal
  • Nets
  • Visa
  • Mastercard
  • Intelligent Payments
  • IntegraPay
  • Icon Solutions
  • Global Payments
  • Capegemini
  • Apple
  • Alipay (Ant Financial)
  • ACI Worldwide

Description

Real Time Payments Market size was valued at 9.3 billion in 2021 and is expected to reach 54.9 billion by 2028, at a CAGR of 28.9% during the forecast period 2022 to 2028. Some of the key factors fueling the market growth include high usage of smartphones, government initiatives are quickening the acceptance of real time payments solutions, rising volumes of cashless transactions, increasing focus of governments on developing their own RTP systems across each country, progressive changes in regulatory framework and growing use of real time payments across diverse industry verticals. However, growing market competition and lack of interoperability between schemes are the major factors hindering the market growth. Countries around the world are moving to real-time payments (RTP) as businesses and consumers are looking for ways to send and receive money in a more effective, secure and faster way to accomplish near-real-time exchange of funds. In some of these countries, faster payment networks are enabling transactions to clear in minutes or even seconds, supported by common standards and economic incentives to participate. The growing ubiquity of smart devices and booming online retail commerce in markets is driving the rapid adoption of real-time payments. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global real time payment market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global real time payment market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Global real time payment market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In August 2018, ACI Worldwide partnered with SPAN Enterprises, a cloud-based software company, to boost payments and enhance the customer experience in the transportation industry by deploying ACI’s Official Payments, an IRS tax payment system.

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