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 billion in 2017 and is expected to grow significantly, expanding at a CAGR of 14.5% from 2018 to 2026. Real-time payments represent the most important change to the way funds are moved between bank accounts. Organizations all over the world are transforming their payment infrastructure in order to respond to changing market demands in a cost-effective and timely manner. 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, settling bills, and transferring money at the drop of a hat. The thriving online retail and e-commerce market and the growing ubiquity of smart devices are 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 payment infrastructures and schemes have been established and are being planned and rolled out. Rising investments in real-time payments from financial and government institutions for adopting the same are further augmenting the growth of the global real-time payments market worldwide. On the other hand, a lack of security and an increase in the rate of cybercrime are expected to hinder market growth.

Market Snapshot

In 2017, the Retail and E-commerce Vertical had the largest market share.

In 2017, the retail and e-commerce vertical accounted for the largest market share in the global real-time payments market, and this is expected to remain the same in the coming years. A large number of retailers have already adopted real-time payment processing as a replacement for payment cards. Real-time payments present 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 2017.

Based on geography, the global real-time payments market 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 corporations and consumers has provided a strong platform for faster payments. Moreover, the increasing rate of digitalization and the growing shift towards going cashless are expected to enhance the Asia Pacific real-time payments market's 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., Capgemini, IntegraPay, Obopay, Ripple, Pelican, Finastra, Nets A/S, Finastra, Nets A/S, Finastra, Nets A/S, Finastra, Pelican, Fina, Inc.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The 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 the 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:

Key questions are answered in this report.

  • What was the market size of the real-time payments market in 2017 and the forecast up to 2026?
  • What are the key factors driving the global real-time payment 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?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market's growth? Why?
  • Which players are leading the real-time payment market?

Frequently Asked Questions:

The market for Real-time Payments Market is expected to reach US$ 6.24 Bn in 2026.

The Real-time Payments Market is expected to see significant CAGR growth over the coming years, at 14.5%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Fidelity National Information Services, Inc. (FIS), Fiserv, Inc., MasterCard Incorporated, PayPal Holdings, Inc., Visa Inc., Apple Inc., Ant Financial Services Group (Alipay), Temenos AG are some of the major players in the global market.

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Published Date:  Mar 2019
Category:  Technology & Media
Report ID:   59612
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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