Home / Banking / Real-time Payments Market By Payment (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and Others), By Offerings (Solutions and Services), By Deployment Model (On-premise and Cloud), By End-use Vertical (BFSI, Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce, Government, Energy & Utilities, and Others) - Growth, Future Prospects and Competitive Landscape, 2022 – 2030

Real-time Payments Market By Payment (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and Others), By Offerings (Solutions and Services), By Deployment Model (On-premise and Cloud), By End-use Vertical (BFSI, Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce, Government, Energy & Utilities, and Others) - Growth, Future Prospects and Competitive Landscape, 2022 – 2030


The global real-time payments market was valued at US$ 6.24 Bn in 2021 and is expected to witness a notable growth, expanding at a CAGR of 14.5% during the forecast period from 2022 to 2030. Real-time payments signifies the most important change to the way funds are moved between bank accounts. Organizations across the globe are transforming their payments infrastructure to ensure that they can respond to the changing market demands cost-effectively and quickly. Faster accessibility of funds and money transfer receipts offered by real-time payments is gaining popularity among several end-users as well as service providers.

The widespread adoption of real-time payments around the globe has contributed to an environment in which many merchants, consumers and financial institutions are capable of making payments, settle bills and transfer money at the drop of a hat. The thriving online retail & e-commerce market and growing ubiquity of smart devices is facilitating the adoption of real-time payments worldwide. Increasingly, demanding consumers may be turning to their smartphones when a payment has to be made to billers, merchants, peers and others.

Globally, a growing number of real-time payments infrastructure and schemes have been established and are being planned and rolled out. Rising investments in real-time payments from the financial and government institutions for adopting the same is further augmenting the growth of the global real-time payments market worldwide. On the other hand, lack of security and increase in the rate of cybercrimes is expected to hinder the market growth.

"Retail & E-commerce Vertical garnered the Largest Market Share in 2021"

In 2021, retail & e-commerce vertical accounted for largest market share in the global real-time payments market and is expected to remain the same in the coming years. Large number of retailers have already adopted real-time payments processing as a replacement for payment cards. Real-time payments are presenting retailers and e-commerce businesses with an opportunity to serve, win, and retain their customers through more efficient, secure, and engaging commerce experiences. Real-time payments provide a competitive edge to retail and e-commerce by offering them a faster and cheaper mode of payment.

"Asia Pacific accounted for the Largest Market Share in 2021"

The global real-time payments market, based on geography was led by Asia Pacific in 2021 and is likely to remain dominant throughout the forecast period from 2022 to 2030. Asia Pacific is zooming towards faster and more secure transactions while navigating the region’s mounting regulatory hazards. The rise of mobile banking for corporates and consumers have provided a strong platform for faster payments. Moreover, increasing rate of digitalization and the growing shift towards going cashless is expected to enhance the Asia Pacific real-time payments market growth in the years to come. 

Competitive Insights

The major players in the real-time payments market include ACI Worldwide, Inc., Fidelity National Information Services Inc. (FIS), Fiserv, Inc., MasterCard Incorporated, PayPal Holdings, Inc., Visa Inc., Apple Inc., Ant Financial Services Group (Alipay), Temenos AG, Wirecard AG, Global Payments Inc., Capegemini, IntegraPay, Obopay, Ripple, Pelican, Finastra, Nets A/S, Financial Software & Systems Pvt. Ltd., Stripe, Paytm, and Google Pay among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Real-time Payments market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Real-time Payments market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2020-2030
Base Year 2021
Forecast Period  2022-2030
Historical Year  2020
Unit  USD Million
Segmentation
Payment
  • Person-to-Person (P2P)
  • Person-to-Business (P2B)
  • Business-to-Person (B2P)
  • Others (Business-to-Business (B2B), Business-to-Government (B2G), Government-to-Business (G2B), etc.)

Offerings
  • Solutions
  • Services

Deployment Model
  • On-premise
  • Cloud

End-use Vertical
  • BFSI
  • Healthcare & Life Sciences
  • IT & Telecom
  • Retail & E-commerce
  • Government
  • Energy & Utilities
  • Others (Media & Entertainment, Transport, Education, Manufacturing, etc.)

 Region Segment (2020–2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Real-time Payments market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Real-time Payments market?
  • Which is the largest regional market for Real-time Payments market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Real-time Payments market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Real-time Payments market worldwide?
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