Faster Payments Service Market Report 2026

The faster payments service market size has grown rapidly in recent years. It will grow from $73.92 billion in 2025 to $83.7 billion in 2026 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to increasing digital banking penetration, expansion of online commerce transactions, rising consumer preference for instant payments, modernization of interbank payment networks, regulatory support for faster payment frameworks.

The faster payments service market size is expected to see rapid growth in the next few years. It will grow to $136.13 billion in 2030 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to expansion of cross-border instant payments, rising adoption by SMEs and corporates, increasing integration with open banking ecosystems, growing focus on payment interoperability, advancements in real-time fraud analytics. Major trends in the forecast period include increasing adoption of real-time account-to-account payments, expansion of 24/7 instant settlement infrastructure, growing integration of api-based payment platforms, rising demand for secure and scalable payment systems, enhanced focus on fraud detection and risk controls.

The increasing adoption of digital payments is expected to drive the growth of the faster payments service market in the coming years. Digital payments involve the electronic transfer of money between parties through digital platforms without the need for physical cash. This trend is rising due to growing smartphone and internet penetration, making electronic transactions more accessible and convenient for users. Faster payments services support the digital payment ecosystem by enabling real-time money transfers, making them ideal for individuals and businesses seeking quick and secure transactions. They reduce processing delays by offering 24/7 instant settlements, thereby improving overall financial efficiency. For example, in January 2024, the European Central Bank, a Germany-based central banking institution, reported that the number of contactless card payments increased by 24.3% to 20.9 billion in 2023 compared to 2022. Therefore, the increasing adoption of digital payments is fueling the growth of the faster payments service market.

Major companies in the faster payments services market are focusing on developing advanced solutions, such as real-time payment integrations, to improve transaction speed, enhance user experience, and reduce processing times. Real-time payment integrations are seamless connections between payment platforms and banking networks that enable instant fund transfers. For instance, in February 2025, Orum Inc., a US-based software company, partnered with Visa Inc., a US-based credit card service corporation, to launch a faster payments platform that enhances the Deliver API solution. This integration leverages Visa Direct to enable real-time fund transfers to and from bank accounts via debit card, allowing businesses and financial institutions to access instant payments for 99% of U.S. bank accounts through a single API that unifies multiple payment methods, including Visa Direct, FedNow, RTP, and ACH. This solution streamlines transactions, reduces settlement delays, and offers a frictionless payment experience for end-users.

In May 2025, ClearBank Ltd., a UK-based technology-enabled clearing bank, partnered with Payabl. Cy Limited to enhance faster payment services in the UK. This collaboration aims to provide real-time, secure, and flexible multi-currency payment solutions for businesses, available 24/7. Payabl. Cy Limited is a Cyprus-based fintech company offering faster payment services.

Major companies operating in the faster payments service market are Visa Inc., PayPal Holdings Inc., Mastercard Incorporated, Fiserv Inc., Fidelity National Information Services Inc., Worldline SA, Finastra Group Holdings Limited, Nets A/S, Stripe Inc., ACI Worldwide Inc., Kraken, Temenos AG., Early Warning Services LLC., Rapyd Financial Network Ltd., Repay Holdings Corporation, Nium Pte. Ltd., Volante Technologies Inc., NovoPayment Inc., Tink AB, Form3 Ltd., The Clearing House Payments Company L.L.C., Currencycloud Group Limited, Montran Corporation.

North America was the largest region in the faster payments service market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the faster payments service market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the faster payments service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The faster payments service market consists of revenues earned by entities by providing services such as real-time fund transfers, immediate payment settlement, 24/7 transaction processing, fraud detection and prevention, mobile and online payment integration, and payment gateway solutions to banks. The market value includes the value of related goods sold by the service provider or included within the service offering. The faster payments service market also includes sales of real-time payment processing platforms, mobile banking applications, API-based payment gateways, fraud detection systems, transaction monitoring tools, instant settlement solutions, and cloud-based payment infrastructure. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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