Rising trend of digital commerce, innovation in payments technology using artificial intelligence, the Internet of Things (IoT), blockchain, and real-time payments and introduction of mobile point-of-sale (MPOS) devices are key factors driving market revenue growth.
Market Size - USD 11.88 Billon in 2020, Market Growth - CAGR of 28.6%, Market Trends - Growing use of smartphones and other electronic devices, coupled with increasing penetration of high-speed Internet.
The global real-time payments market size is expected to reach USD 90.19 Billion in 2028, and register a CAGR of 28.6% during the forecast period. Rising inter-operability between growing numbers of pre-paid instrument (PPI) players that enables the customers to make payments at any digitally-enabled merchant outlets without need to possess wallet platforms is one of the major factors expected to drive growth of the global real-time payments market. The Unified Payments Interface (UPI) makes interoperability possible and allows users to transact from accounts in different banks on real-time basis.
Some Key Findings From the Report:
For the purpose of this report, the global real-time payments market is segmented on the basis of payment type, payment mode, organization size, deployment mode, industry vertical, and region:
Payment Type Outlook (Revenue, USD Billion; 2018 - 2028)
Payment Mode Outlook (Revenue, USD Billion; 2018 - 2028)
Deployment Mode Outlook (Revenue, USD Billion; 2018 - 2028)
Organization Size Outlook (Revenue, USD Billion; 2018 - 2028)
Industry Vertical Outlook (Revenue, USD Billion; 2018 - 2028)
Region Outlook (Revenue, USD Billion; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 11.88 Billon in 2020, Market Growth - CAGR of 28.6%, Market Trends - Growing use of smartphones and other electronic devices, coupled with increasing penetration of high-speed Internet.
The global real-time payments market size is expected to reach USD 90.19 Billion in 2028, and register a CAGR of 28.6% during the forecast period. Rising inter-operability between growing numbers of pre-paid instrument (PPI) players that enables the customers to make payments at any digitally-enabled merchant outlets without need to possess wallet platforms is one of the major factors expected to drive growth of the global real-time payments market. The Unified Payments Interface (UPI) makes interoperability possible and allows users to transact from accounts in different banks on real-time basis.
Some Key Findings From the Report:
- Among the industry vertical segments, the retail and e-commerce segment accounted for the largest revenue share of 36.8% in 2020.
- The Asia Pacific market size was USD 4.63 Billion in 2020, due to increasing government initiatives for digitalization, and rising adoption of mPOS and other online transfer platforms in countries in the region.
- North America market accounted for the second-largest revenue share in 2020, followed by Europe market.
- Key players profiled in the report include FIS, ACI Worldwide, Mastercard, Fiserv, PayPal, Worldline, Apple, Visa, INTELLIGENT PAYMENTS, Ant Financial, Wirecard, Temenos, Capgemini, Global Payments, SIA, IntegraPay, Ripple, Obopay, Finastra, Pelican, FSS, Nets, REPAY, Montran, and Icon Solutions. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global real-time payments market is segmented on the basis of payment type, payment mode, organization size, deployment mode, industry vertical, and region:
Payment Type Outlook (Revenue, USD Billion; 2018 - 2028)
- Peer-to-Peer (P2P)
- Customer-to-Business (C2B)
- Business-to-Customer (B2C)
- Business-to-Business (B2B)
- Others
Payment Mode Outlook (Revenue, USD Billion; 2018 - 2028)
- Contact Payment
- Digital Currencies
- Contactless Payment
- Net Banking
- Digital Wallets
- Others
Deployment Mode Outlook (Revenue, USD Billion; 2018 - 2028)
- Cloud
- On Premise
Organization Size Outlook (Revenue, USD Billion; 2018 - 2028)
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2018 - 2028)
- Media And Entertainment
- Hospitality And Tourism
- Retail And E-Commerce
- IT And Telecommunication
- Banking, Financial Services, And Insurance (BFSI)
- Others
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Real-Time Payments Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Real-Time Payments Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Real-Time Payments Market Segmentation & Impact Analysis
Chapter 5. Real-Time Payments Market By Payment Type Insights & Trends
Chapter 6. Real-Time Payments Market By Deployment Mode Insights & Trends
Chapter 7. Real-Time Payments Market By Payment Mode Insights & Trends
Chapter 8. Real-Time Payments Market By Organization Size Insights & Trends
Chapter 9. Real-Time Payments Market By Industry Vertical Insights & Trends
Chapter 10. Real-Time Payments Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
Companies Mentioned
- FIS
- ACI Worldwide
- Mastercard
- Fiserv
- PayPal
- Worldline
- Apple
- Visa
- INTELLIGENT PAYMENTS
- Ant Financial
- Wirecard
- Temenos
- Capgemini
- Global Payments
- SIA
- IntegraPay
- Ripple
- Obopay
- Finastra
- Pelican
- FSS
- Nets
- REPAY
- Montran
- Icon Solutions