Market Overview:
The global instant payment market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for real-time payments and the growing trend of online and mobile payments. In addition, the increasing adoption of instant payment solutions by businesses is also contributing to the growth of this market. The global instant payment market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into P2P (person-to-person), B2C (business-to-consumer), C2C (consumer-to-consumer), B2B (business-to-business), and O2O (online to offline). Among these segments, P2P dominates in terms of both value and volume owing to its widespread use for small transactions such as utility bills or groceries shopping. By application, it can be classified into mobile terminal, computer terminal, and others. The mobile terminal segment is expected to grow at a higher rate during the forecast period owing to its growing popularity among consumers for making online payments through their smartphones or tablets.
Product Definition:
Instant payment is a type of payment that is completed immediately after the funds are transferred. This type of payment is beneficial for both buyers and sellers, as it eliminates the need to wait for a check to clear or for the money to be transferred from one account to another. For buyers, instant payments provide an immediate confirmation that the transaction has been completed. For sellers, instant payments can help reduce the amount of time it takes to receive funds from a sale.
P2P:
P2P (Peer-to-Peer) is a system where two peers communicate directly and exchange information. There are no central servers, all the nodes are present in the network. The P2P technology facilitates faster transfer of information between users as there is no need for an intermediate financial institution to process the transactions.
The primary function of P2P networks is to allow people with similar interests to meet and interact.
B2C:
B2C or Business to Consumer is a type of online sales channel that involves the sale of products or services to consumers from a business. The B2C sales channel is growing at an exponential rate as compared to the other types of online sales channels such as B2B and C2C. The major factor contributing towards its growth includes increasing internet penetration in various countries around the world, which has led many companies to adopt this marketing strategy for their product distribution process.
Application Insights:
The mobile terminal segment dominated the global instant payment market in 2017. The growth of this segment can be attributed to the increasing usage of smartphones and tablets, which offer various instant payment options through applications. For instance, Venmo, a popular application used for peer-to-peer payments among students has over 50 million active users globally. Moreover, companies such as PayPal have launched apps that allow customers to pay using their phones by scanning QR codes and NFC tags. These factors are expected to drive the demand for B2C ePayments over the forecast period.
Europe is anticipated to witness significant growth in its computer terminal segment owing to growing adoption of online banking services by consumers and businesses across countries such as Germany, U.K., Russia etc., coupled with favorable government regulations on electronic transactions implemented across different countries in Europe Union (EU). Furthermore, companies such as Microsoft Corporation; Google LLC; Yandex LLC; Amazon Web Services Inc.; Apple Inc.
Regional Analysis:
Asia Pacific dominated the global instant payment market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing smartphone penetration, technological advancements such as mobile banking and internet banking, and rising adoption of digital payments across emerging economies such as China and India. Moreover, countries like Japan are anticipated to witness a significant growth owing to increased use of electronic money for making payments at retail stores or online shopping platforms among others.
The European region accounted for more than 20% share in terms of revenue in 2017 on account of high demand from several major end users including BFSI companies (Banking & Financial Services Companies), telecom service providers (Telecom Service Providers), retailers (Retailers) among others who are increasingly adopting Instant Payment Products/Solution based on distributed ledger technology for faster transaction processing with reduced costs & risks associated with chargebacks or frauds at buyer end during transactions facilitated through e-commerce websites/apps etc.
Growth Factors:
- Increasing demand for instant payments from consumers and businesses
- Rising preference for digital payments over traditional methods
- Proliferation of mobile devices and apps that support instant payments
- Growing acceptance of real-time payments by merchants and consumers alike
- Development of innovative payment technologies that make instant payments more efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Instant Payment Market Research Report
By Type
P2P, B2C, C2C, B2B, O2O
By Application
Mobile terminal, Computer terminal
By Companies
SWIFT, SITRAF, BlueCash, Vocalink, Danske Bank, Swish, Paym, Barclays, OCBC, BPAY, PayPal, Apple, Alibaba, Ripple, NETS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Instant Payment Market Report Segments:
The global Instant Payment market is segmented on the basis of:
Types
P2P, B2C, C2C, B2B, O2O
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mobile terminal, Computer terminal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SWIFT
- SITRAF
- BlueCash
- Vocalink
- Danske Bank
- Swish
- Paym
- Barclays
- OCBC
- BPAY
- PayPal
- Apple
- Alibaba
- Ripple
- NETS
Highlights of The Instant Payment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- P2P
- B2C
- C2C
- B2B
- O2O
- By Application:
- Mobile terminal
- Computer terminal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Instant Payment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Instant Payment is a payment method that allows customers to make payments in real-time. This means that the customer can pay for their purchase immediately, without having to wait for a bank or credit card processing time.
Some of the key players operating in the instant payment market are SWIFT, SITRAF, BlueCash, Vocalink, Danske Bank, Swish, Paym, Barclays, OCBC, BPAY, PayPal, Apple, Alibaba, Ripple, NETS.
The instant payment market is expected to register a CAGR of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Instant Payment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Instant Payment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Instant Payment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Instant Payment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Instant Payment Market Size & Forecast, 2020-2028
4.5.1 Instant Payment Market Size and Y-o-Y Growth
4.5.2 Instant Payment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 P2P
5.2.2 B2C
5.2.3 C2C
5.2.4 B2B
5.2.5 O2O
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Mobile terminal
6.2.2 Computer terminal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Instant Payment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Instant Payment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 P2P
9.6.2 B2C
9.6.3 C2C
9.6.4 B2B
9.6.5 O2O
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Mobile terminal
9.10.2 Computer terminal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 P2P
10.6.2 B2C
10.6.3 C2C
10.6.4 B2B
10.6.5 O2O
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Mobile terminal
10.10.2 Computer terminal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 P2P
11.6.2 B2C
11.6.3 C2C
11.6.4 B2B
11.6.5 O2O
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Mobile terminal
11.10.2 Computer terminal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 P2P
12.6.2 B2C
12.6.3 C2C
12.6.4 B2B
12.6.5 O2O
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Mobile terminal
12.10.2 Computer terminal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 P2P
13.6.2 B2C
13.6.3 C2C
13.6.4 B2B
13.6.5 O2O
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Mobile terminal
13.10.2 Computer terminal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Instant Payment Market: Competitive Dashboard
14.2 Global Instant Payment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SWIFT
14.3.2 SITRAF
14.3.3 BlueCash
14.3.4 Vocalink
14.3.5 Danske Bank
14.3.6 Swish
14.3.7 Paym
14.3.8 Barclays
14.3.9 OCBC
14.3.10 BPAY
14.3.11 PayPal
14.3.12 Apple
14.3.13 Alibaba
14.3.14 Ripple
14.3.15 NETS
