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2021 Key Trends of the Payment Industry. Real-Time Payments in the United States

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  • 17 Pages
  • January 2021
  • Region: United States
  • yStats GmbH & Co. KG
  • ID: 5236618

Covid-19 Has Accelerated the United States’ Demand for RTP

"2021 Key Trends of the Payment Industry: Real-Time Payments in the United States" details the attitude of the United States’ businesses towards RTP, as well as forecasted further developments of the instant payments industry in the country.

As detailed in the publication, real-time payments received special attention from the various businesses in the United States, especially during the health crisis. Among the main reasons to utilize this type of payment processing, US corporate decision-makers point to increased accuracy of cash flow management. With that, the share of instant payments of total transactions in the country is forecasted to constitute about one-fifth through 2024. However, on the macro-level, the country is expected to constitute less than a tenth of the world’s total real-time payments transaction value by 2025 as other economies take the lead in the adoption of the practice.

Table of Contents

  • Main Drivers and Challenges for Real-Time Payments Adoption, December 2020
  • Values of Instant Payments, in USD trillion, and Share of US in the World’s Total, in %, 2020 & 2025f
  • Share the US Small Businesses Struggling with Cash-Flow Shortages, and Share of Them Who Believe Real-Time Settlement Could Help with Cash-Flow Shortages, September 2020
  • Share of Finance Professionals Who Are in the Process of Implementing RTP or Plan to Begin Doing so Within the Next Three Years, January 2020
  • Share of P2P Product Purchase-Related Instant Payment in the Last 12 Months, by Generation and Income Level, in % of Respondents, April 2020-May 2020
  • Top Reasons for Using Real-Time Payments, in % of Selected Corporate Decision Makers, June 2020
  • Share of Businesses Who Expect Real-Time Payments to Transform Enterprises, in % of Corporate Decision Makers, June 2020
  • Real-Time Payments Volume, in billions, 2019 & 2024f
  • Share of Real-Time Payments, in % of All Payments, 2019 & 2024f
  • Comparison of Attributes and Cases of Real-time Payments Usage, by Payment Solution, incl. FedNow, Mastercard Send, TCH RTP, Venmo, Visa Direct, and Zelle, October 2020

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Mastercard Inc
  • FedNow
  • Venmo Inc
  • Visa Inc
  • Zelle LLC