Real-Time Payments Market : Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Report Code: ZMR-3645 | Report Format : | Status : Upcoming |


Global Real-Time Payments Market: Overview

Real-time payments are also referred to as immediate payments and instant payments. They are gaining ground, driven by consumer demand for speed and convenience. Financial institutions must respond to this demand. They cannot rely on traditional payment instruments to be competitive.

The key difference between real-time payments and other traditional payment modes is that real-time payments guarantee immediate accessibility of funds to the beneficiary of the transaction. In contrast to this, real-time authorization of a deal on a card is not the same and the buyer is committed to pay and the recipient is guaranteed to receive the funds. However, the availability of funds is not immediate. But, real-time payments could potentially replace other payment methods such as cards, checks, and automated clearing houses.

Global Real-Time Payments Market: Growth Factors

Massive use of Smartphones and IoT devices along with burgeoning customer demand for quick payment settlement is anticipated to spur real-time payments market growth over the next few years. Large-scale adoption of real-time payments across the world has created business environment in which many consumers, traders, and banks are able to pay friends and customers, settle bills, and transfer money quickly.

With real-time payment systems offering an instant 24/7, interbank electronic fund transfer service that can be initiated through one of many channels such as Smartphones, tablets, digital wallets, and the web, business analysts  have forecast that the real-time payments market growth  will gain momentum over the coming years.

Real-time payments can benefit financial institutions, dealers, consumers and society by offering enhanced visibility into payments, by enabling better cash flow management and by helping businesses better manage day-to-day operations by improving liquidity. The liquidity improvement can be especially impactful to small merchants who may be used to waiting day for their settlement, possibly creating a positive impact on their cash flow and daily sales outstanding. All these factors are slated to contribute remarkably towards real-time payments market size in the near future.

Global Real-Time Payments Market: Segmentation

The global real-time payments market can be divided based on nature of payment, component, deployment mode, enterprise size, and vertical. Based on the nature of payment, the market is segmented into P2P, B2P, and P2B. On the basis of component, the real-time payments market is sectored into solutions and services. Solutions segment is further sub-segmented into payment gateway, payment processing, payment security, and fraud management.

Global Real-Time Payments Market: Regional Analysis

Based on regions, the global real-time payments market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific is expected to hold the largest market size and grow at the highest CAGR during the forecast period. In the APAC region, the growth rate can be attributed to various factors, including the acceptance & implementation of advanced technologies, economic growth, increasing rate of digitalization, and high investments from real time payments solution and service providers. The driving forces for the Asia Pacific real-time payments market are the rapidly increasing population that has contributed significantly towards the volume of business deals along with the regional and global enterprises that are making huge investments in this region as a result of supportive foreign direct investments policies of the regional governments.

With inception of new technologies witnessed in the payments systems in the countries such as the U.S. and Canada, North America real-time payments market growth will receive a boost in the coming years.  Experts have projected that European region is likely to hold huge market growth potential along with LATAM.

Global Real-Time Payments Market: Competitive Players

The key players of the global real-time payments market include CI Worldwide, FIS,  Fiserv,  Mastercard, Worldline , PayPal , Visa, Apple, Ant Financial , INTELLIGENT PAYMENTS, Tmenos, Global Payments, IntegraPay, Obopay, Ripple , Pelican , Finastra, Nets , Montran , REPAY, and Icon Solutions.

Global Real-Time Payments Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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