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Real-Time Payments: Global Markets

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    Report

  • 137 Pages
  • July 2022
  • Region: Global
  • BCC Research
  • ID: 5626554

Report Scope



This report provides an overview of the global market for real-time payments and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on component, transaction type, mode of deployment, organization size, end-use industry, and region.

The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their market presence. The report estimates the size of the global market for real-time payments in 2021 and provides projections of the expected market size through 2027.

Report Includes

  • 47 data tables and 43 additional tables
  • An updated overview of the global markets for real-time payments (RTP) solutions and services
  • Analyses of the global market trends, with revenue sales data for 2021, estimates for 2022, 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the market potential for RTP payment systems, and areas to forecast this market into various segments and sub-segments
  • Evaluation and forecast the global market size for real-time payments, and corresponding market share analysis by component, transaction type, mode of deployment, organization size, end-use industry, and region
  • Assessment of major driving trends, challenges, and opportunities in this innovation driven market, along with current trends, new developments, and regulatory implications within the digital payments industry
  • Discussion of the industry value chain analysis providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
  • Coverage of tracking details and comparison of the product offerings and market strategies of key players and stakeholders in the ecosystem
  • Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances in the global market for real-time payment solutions and services
  • Descriptive company profiles of the leading global players, including ACI Worldwide Inc., Capgemini, FIS Global, Fiserv Inc., Global Payments Inc., and Visa Inc.
Frequently Asked Questions about the Global Real-Time Payments Market

What is the estimated value of the Global Real-Time Payments Market?

The Global Real-Time Payments Market was estimated to be valued at $19.8 Billion in 2022.

What is the growth rate of the Global Real-Time Payments Market?

The growth rate of the Global Real-Time Payments Market is 35.0%, with an estimated value of $88.7 Billion by 2027.

What is the forecasted size of the Global Real-Time Payments Market?

The Global Real-Time Payments Market is estimated to be worth $88.7 Billion by 2027.

Who are the key companies in the Global Real-Time Payments Market?

Key companies in the Global Real-Time Payments Market include Aci Worldwide Inc., Fis, Finastra, Fiserv Inc., Global Payments Inc., Icon Solutions Ltd., Mastercard, Montran Corp. and Temenos Headquarters Sa.

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing this Study
  • Scope of Report
  • Intended Audiences
  • Information Sources
  • Research Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports
Chapter 2 Executive Summary and Highlights
  • Executive Summary
Chapter 3 Industry Outlook
  • Market Overview
  • Market Dynamics
  • Market Drivers
  • Market Challenges
  • Market Opportunities
  • Value Chain Analysis
  • Solutions and Services
  • Transaction Type
  • Mode of Deployment
  • End-Use Industry
  • Pestel Analysis
  • Porter's Five Forces Analysis
  • Impact of Covid-19 on the Market for Real-Time Payments
  • Use Case Analysis
  • Patent Analysis
  • Recent Key Granted Patents
Chapter 4 Market Breakdown by Segment
  • Overview
  • Solutions
  • Payments Gateway
  • Payments Processing
  • Payments Security and Fraud Management
  • Services
  • Managed Services
  • Professional Services
Chapter 5 Market Breakdown by Transaction Type
  • Overview
  • Person-To-Person (P2P)
  • Person-To-Business (P2B)
  • Business-To-Person (B2P)
  • Others
Chapter 6 Market Breakdown by Mode of Deployment
  • Overview
  • Cloud
  • On-Premise
Chapter 7 Market Breakdown by Organization Size
  • Overview
  • Large Enterprises
  • Small and Medium Enterprises
Chapter 8 Market Breakdown by End-Use Industry
  • Overview
  • Bfsi
  • Retail and E-Commerce
  • It and Telecom
  • Travel and Tourism
  • Energy and Utilities
  • Others
Chapter 9 Market Breakdown by Region
  • Overview
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
Chapter 10 Competitive Landscape
  • Vendor Landscape
  • Market Ranking Analysis
  • Competitive Scenario
Chapter 11 Company Profiles
  • Aci Worldwide Inc.
  • Fis
  • Finastra
  • Fiserv Inc.
  • Global Payments Inc.
  • Icon Solutions Ltd.
  • Mastercard
  • Montran Corp.
  • Paypal Holdings Inc.
  • Temenos Headquarters Sa
  • Visa Inc.
  • Volante Technologies Inc.
  • Other Prominent Vendors
  • Capgemini
  • Financial Software & Systems Pvt. Ltd.
  • Intelligent Payments Group
  • Nexi Payments S.P.A.
  • Pelican
  • Ripple Labs, Inc.
  • Worldline
List of Tables
Summary Table: Global Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 1: Mobile Payments System in Advanced Economies
Table 2: PESTEL Analysis of the Global Market for Real-Time Payments
Table 3: Case-1: Rebate Payments
Table 4: Case-2: Insurance Claim Payments
Table 5: Case-3: Paying and Reimbursing Employees
Table 6: Case-4: Refund Payments
Table 7: Case-5: Accounting and Finance Efficiencies
Table 8: Case-6: Internal Operational Efficiency
Table 9: Case-7: Technology Modernization
Table 10: Case-8: Product Introduction and Enhancement
Table 11: Global Market for Real-Time Payments, by Segment, Through 2027
Table 12: Global Market for Real-Time Payments, by Solution, Through 2027
Table 13: Global Market for Real-Time Payments, by Service, Through 2027
Table 14: Global Market for Real-Time Payments, by Transaction Type, Through 2027
Table 15: Global Market for Real-Time Payments, by Mode of Deployment, Through 2027
Table 16: Global Market for Real-Time Payments, by Organization Size, Through 2027
Table 17: Global Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 18: Global Market for Real-Time Payments, by Region, Through 2027
Table 19: North American Market for Real-Time Payments, by Country, Through 2027
Table 20: North American Market for Real-Time Payments, by Segment, Through 2027
Table 21: North American Market for Real-Time Payments, by Transaction Type, Through 2027
Table 22: North American Market for Real-Time Payments, by Mode of Deployment, Through 2027
Table 23: North American Market for Real-Time Payments, by Organization Size, Through 2027
Table 24: North American Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 25: European Market for Real-Time Payments, by Country, Through 2027
Table 26: European Market for Real-Time Payments, by Segment, Through 2027
Table 27: European Market for Real-Time Payments, by Transaction Type, Through 2027
Table 28: European Market for Real-Time Payments, by Mode of Deployment, Through 2027
Table 29: European Market for Real-Time Payments, by Organization Size, Through 2027
Table 30: European Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 31: Real-Time Payments Growth, by Country, 2021
Table 32: Asia-Pacific Market for Real-Time Payments, by Country, Through 2027
Table 33: Asia-Pacific Market for Real-Time Payments, by Segment, Through 2027
Table 34: Asia-Pacific Market for Real-Time Payments, by Transaction Type, Through 2027
Table 35: Asia-Pacific Market for Real-Time Payments, by Mode of Deployment, Through 2027
Table 36: Asia-Pacific Market for Real-Time Payments, by Organization Size, Through 2027
Table 37: Asia-Pacific Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 38: Latin American Market for Real-Time Payments, by Country, Through 2027
Table 39: Latin American Market for Real-Time Payments, by Segment, Through 2027
Table 40: Latin American Market for Real-Time Payments, by Transaction Type, Through 2027
Table 41: Latin American Market for Real-Time Payments, by Mode of Deployment, Through 2027
Table 42: Latin American Market for Real-Time Payments, by Organization Size, Through 2027
Table 43: Latin American Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 44: Middle Eastern and African Market for Real-Time Payments, by Segment, Through 2027
Table 45: Middle Eastern and African Market for Real-Time Payments, by Transaction Type, Through 2027
Table 46: Middle Eastern and African Market for Real-Time Payments, by Mode of Deployment, Through 2027
Table 47: Middle Eastern and African Market for Real-Time Payments, by Organization Size, Through 2027
Table 48: Middle Eastern and African Market for Real-Time Payments, by End-Use Industry, Through 2027
Table 49: Global Market for Real-Time Payments Vendor Landscape
Table 50: Top Five Players of the Market for Real-Time Payments and Their Global Rankings, 2021
Table 51: Global Competitive Scenario for Real-Time Payments, by Market Player, 2019-2022
Table 52: ACI Worldwide Inc.: Financial Overview, 2019-2021
Table 53: ACI Worldwide Inc.: Product Benchmarking
Table 54: ACI Worldwide Inc.: Recent Developments, 2022
Table 55: FIS: Financial Overview, 2019-2021
Table 56: FIS: Product Benchmarking
Table 57: FIS: Recent Developments, 2020
Table 58: Finastra: Product Benchmarking
Table 59: Finastra: Recent Developments, 2019
Table 60: Fiserv Inc.: Financial Overview, 2019-2021
Table 61: Fiserv Inc.: Product Benchmarking
Table 62: Fiserv Inc.: Recent Developments, 2021-2022
Table 63: Global Payments Inc.: Financial Overview, 2019-2021
Table 64: Global Payments Inc.: Product Benchmarking
Table 65: Global Payments Inc.: Recent Developments, 2021
Table 66: Icon Solutions Ltd.: Product Benchmarking
Table 67: Icon Solutions Ltd.: Recent Developments, 2020
Table 68: Mastercard: Financial Overview, 2019-2021
Table 69: Mastercard: Product Benchmarking
Table 70: Mastercard: Recent Developments, 2021
Table 71: Montran Corp.: Product Benchmarking
Table 72: PayPal Holdings Inc.: Financial Overview, 2019-2021
Table 73: PayPal Holdings Inc.: Product Benchmarking
Table 74: PayPal Holdings Inc.: Recent Developments, 2019-2021
Table 75: Temenos Headquarters SA: Financial Overview, 2019-2021
Table 76: Temenos Headquarters SA: Product Benchmarking
Table 77: Temenos Headquarters SA: Recent Developments, 2022
Table 78: Visa Inc.: Financial Overview, 2019-2021
Table 79: Visa Inc.: Product Benchmarking
Table 80: Visa Inc.: Recent Developments, 2020
Table 81: Volante Technologies Inc.: Product Benchmarking
Table 82: Volante Technologies Inc.: Recent Developments, 2021-2022
Table 83: Capgemini: Product Benchmarking
Table 84: Financial Software and Systems: Product Benchmarking
Table 85: Intelligent Payments Group: Product Benchmarking
Table 86: Nexi S.p.A.: Product Benchmarking
Table 87: Pelican: Product Benchmarking
Table 88: Ripple Labs, Inc.: Product Benchmarking
Table 89: Worldline: Product Benchmarking
List of Figures
Summary Figure: Global Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 1: Market Dynamics: Real-Time Payments Markets
Figure 2: Value Chain Analysis of the Real-Time Payments Market
Figure 3: Impact of Porter's Five Forces on Market for Real-Time Payments
Figure 4: Patents Issued for Real-Time Payments Technologies, by Year, 2018-2022*
Figure 5: Shares of Patent Related to Real-Time Payments, by Country, 2022
Figure 6: Global Market Shares of Real-Time Payments, by Segment, 2021
Figure 7: Global Market Shares of Real-Time Payments, by Solution, 2021
Figure 8: Global Market Shares of Real-Time Payments, by Service, 2021
Figure 9: Global Market Shares of Real-Time Payments, by Transaction Type, 2021
Figure 10: Global Market Shares of Real-Time Payments, by Mode of Deployment, 2021
Figure 11: Global Market Shares of Real-Time Payments, by Organization Size, 2021
Figure 12: Global Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 13: Global Market Shares of Real-Time Payments, by Region, 2021
Figure 14: North American Market Shares of Real-Time Payments, by Country, 2021
Figure 15: North American Market Shares of Real-Time Payments, by Segment, 2021
Figure 16: North American Market Shares of Real-Time Payments, by Transaction Type, 2021
Figure 17: North American Market Shares of Real-Time Payments, by Mode of Deployment, 2021
Figure 18: North American Market Shares of Real-Time Payments, by Organization Size, 2021
Figure 19: North American Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 20: European Market Shares of Real-Time Payments, by Country, 2021
Figure 21: European Market Shares of Real-Time Payments, by Segment, 2021
Figure 22: European Market Shares of Real-Time Payments, by Transaction Type, 2021
Figure 23: European Market Shares of Real-Time Payments, by Mode of Deployment, 2021
Figure 24: European Market Shares of Real-Time Payments, by Organization Size, 2021
Figure 25: European Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 26: Asia-Pacific Market Shares of Real-Time Payments, by Country, 2021
Figure 27: Asia-Pacific Market Shares of Real-Time Payments, by Segment, 2021
Figure 28: Asia-Pacific Market Shares of Real-Time Payments, by Transaction Type, 2021
Figure 29: Asia-Pacific Market Shares of Real-Time Payments, by Mode of Deployment, 2021
Figure 30: Asia-Pacific Market Shares of Real-Time Payments, by Organization Size, 2021
Figure 31: Asia-Pacific Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 32: Latin American Market Shares of Real-Time Payments, by Country, 2021
Figure 33: Latin American Market Shares of Real-Time Payments, by Segment, 2021
Figure 34: Latin American Market Shares of Real-Time Payments, by Transaction Type, 2021
Figure 35: Latin American Market Shares of Real-Time Payments, by Mode of Deployment, 2021
Figure 36: Latin American Market Shares of Real-Time Payments, by Organization Size, 2021
Figure 37: Latin American Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 38: Middle Eastern and African Market Shares of Real-Time Payments, by Segment, 2021
Figure 39: Middle Eastern and African Market Shares of Real-Time Payments, by Transaction Type, 2021
Figure 40: Middle Eastern and African Market Shares of Real-Time Payments, by Mode of Deployment, 2021
Figure 41: Middle Eastern and African Market Shares of Real-Time Payments, by Organization Size, 2021
Figure 42: Middle Eastern and African Market Shares of Real-Time Payments, by End-Use Industry, 2021
Figure 43: ACI Worldwide Inc.: Revenue Share, by Business Segment, 2021
Figure 44: ACI Worldwide Inc.: Revenue Share, by Region, 2021
Figure 45: FIS: Revenue Share, by Business Segment, 2021
Figure 46: FIS: Revenue Share, by Region, 2021
Figure 47: Fiserv Inc.: Revenue Share, by Business Segment, 2021
Figure 48: Global Payments Inc.: Revenue Share, by Business Segment, 2021
Figure 49: Global Payments Inc.: Revenue Share, by Region, 2021
Figure 50: Mastercard: Revenue Share, by Region, 2021
Figure 51: PayPal Holdings Inc.: Revenue Share, by Business Segment, 2021
Figure 52: PayPal Holdings Inc.: Revenue Share, by Region, 2021
Figure 53: Temenos Headquarters SA: Revenue Share, by Business Segment, 2021
Figure 54: Temenos Headquarters SA: Revenue Share, by Region, 2021
Figure 55: Visa Inc.: Revenue Share, by Region, 2021

Executive Summary

Factors such as the involvement of new market players and business models, common customers and merchants’ expectations, globalization, and regulatory pressure are some of the major factors triggering growth in the market for real-time payments across the globe. However, an increasing number of fraudulent activities and security concerns about real-time payments may hamper the market in the long run. As crime and fraudulent activities are proceeding fast, real-time payment systems are more frequently being exploited to quickly move the proceeds of crime between accounts, thwarting the efforts and analysis by financial institutions to track and identify illicit funds, creating a path for repatriation.

Factors such as uptake in contactless technology, rising adoption of mobile payments, and digital innovations from card giants and technology players, are further projected to expand the usage of the market for real-time payments. The maximum impact of adopting real-time payments will become clearer with time within a given country as start-ups, corporates, and policymakers deploy innovative services on top of advanced payment infrastructures. Real-time payments enable future innovations, thereby developing a platform for the next wave of fintech pioneers, such as developing new products and services which utilize the data generated by digital payments. Compared with some legacy alternatives, which take a few days to reach a recipient, real-time payments deliver a quicker and more predictable means of payment, potentially creating a range of social and economic impacts that affect customers, government and businesses, globally.

In this report, the global market for real-time payments has been segmented by component, transaction type, deployment, organization type, end-use industry, and region.

Companies Mentioned

  • Aci Worldwide Inc.
  • Fis
  • Finastra
  • Fiserv Inc.
  • Global Payments Inc.
  • Icon Solutions Ltd.
  • Mastercard
  • Montran Corp.
  • Paypal Holdings Inc.
  • Temenos Headquarters Sa
  • Visa Inc.
  • Volante Technologies Inc.
  • Other Prominent Vendors
  • Capgemini
  • Financial Software & Systems Pvt. Ltd.
  • Intelligent Payments Group
  • Nexi Payments S.P.A.
  • Pelican
  • Ripple Labs, Inc.
  • Worldline