Real-time Payments Market By Payment Type (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, 2018 – 2026

The global real-time payments market was valued at US$ 6.24 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 14.5% during the forecast period from 2018 to 2026. 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 the 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.

Market Snapshot 

Real-time Payments Market

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"Retail & E-commerce Vertical garnered the Largest Market Share in 2017"

In 2017, 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.

Real-time Payments Market

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"Asia Pacific accounted for the Largest Market Share in 2017"

The global real-time payments market, based on geography was led by Asia Pacific in 2017 and is likely to remain dominant throughout the forecast period from 2018 to 2026. 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. 

Real-time Payments Market

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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.

Real-time Payments Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Real-time payments market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global real-time payments market based on product type, offerings, deployment model, end-use vertical and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Billion
Segmentation

 Payment Type Segment (2016-2026; US$ Bn)
 • 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 Segment (2016 – 2026; US$ Bn)
 • Solutions
 • Services

 Deployment Model Segment (2016 – 2026; US$ Bn)
 • On-premise
 • Cloud

 End-use Vertical Segment (2016 – 2026; US$ Bn)
 • BFSI
 • Healthcare & Life Sciences
 • IT & Telecom
 • Retail & E-commerce
 • Government
 • Energy & Utilities
 • Others (Media & Entertainment, Transport, Education, Manufacturing, etc.)

 Geography Segment (2016-2026; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of real-time payments market in 2017 and forecast up to 2026?
  • What are the key factors driving the global real-time payments market?
  • What are the key market trends and high-growth opportunities observed in the real-time payments market?
  • What are the drivers of the real-time payments market?
  • Which is the largest regional market for real-time payments market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the real-time payments market?
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Published Date:  Mar 2019
Category:  Technology & Media
Report ID:   59612
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
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