Market Overview:
The global real-time payments market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for faster and convenient payment methods across different applications. In addition, the growing adoption of smartphones and other mobile devices is also contributing to the growth of this market. Based on type, the global real-time payments market can be segmented into person-to-person (P2P), person-to-business (P2B), business-to -person (B2P), and others. P2P dominates the overall real time payments market owing to its high adoption among consumers for making small value transactions quickly and conveniently. BFSI sector is expected to account for a major share of this market in terms of revenue due to increasing demand from corporates and consumers for faster payment solutions. Regionally, North America dominates the global real time payments market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
Real-time payments are those that are settled immediately, as soon as the payment is authorized. This contrasts with traditional payments, which can take days or even weeks to settle. The advantage of real-time payments is that they provide a faster, more efficient way for businesses and consumers to exchange money. They can also help reduce the cost of processing payments and minimize settlement risk.
Person-to-Person(P2P):
P2P is also known as file sharing, it's a method of transferring data from one person to another without the need for an intermediate server. The concept of P2P was first implemented in 2004 by a Swedish company, Klarna. However, P2P transactions were limited to file sharing applications; nowadays many other services are also offered through this medium.
The growth factor for P2P market is increasing adoption of smartphones.
Person-to-Business(P2B):
P2B is a marketing term used for the transfer of information from an individual to a business. The P2B market has been growing at a rapid rate over the past few years and it is expected to grow even more in the near future. This growth can be attributed to several factors such as increasing internet penetration, rising use of smartphones, and expansion of digital services across various industries.
Application Insights:
The BFSI application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The real time payments help in reducing payment delays and increasing transparency, which is driving its adoption across various sectors such as utilities, oil & gas, healthcare, media & entertainment. Moreover, it helps reduce frauds by providing another layer of security along with the transaction process. This factor is anticipated to fuel industry growth over the coming years.
The IT and telecommunication sector was one of the fastest-growing industries during recent years owing to technological advancements that have revolutionized communication through e-mails and social networks among other things.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing internet penetration, rising smartphone adoption, and the presence of several prominent players in this region. Moreover, countries such as China and India are among the top 10 global smartphone manufacturers globally. Thus, it is not surprising that these two countries accounted for more than 50% of all smartphones sold worldwide in 2016.
North America was valued at USD X billion in 2017 owing to high demand for real-time payments solutions from U.S., which has one of the most developed financial sectors across all regions and economies globally along with being home for some majorly adopted RTPS providers such as Paypal Holdings Inc.; Venmo Corporation; Braintree Inc.
Growth Factors:
- Increasing demand for faster and convenient payments
- Rising number of online shoppers and buyers
- Proliferation of digital channels and platforms
- Growing mobile payments adoption
- Emergence of new payment technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Real Time Payments Market Research Report
By Type
Person-to-Person(P2P), Person-to-Business(P2B), Business-to-Person(B2P), Others
By Application
BFSI, IT and Telecommunications, Retail and eCommerce, Energy and Utilities, Others
By Companies
ACI Worldwide, FIS, Fiserv, PayPal, Wirecard, Mastercard, Worldline, Temenos, Visa, Apple, Alipay(Ant Financial), Global Payments, Capegemini, Icon Solutions, REPAY, IntegraPay, SIA, Obopay, Ripple, Pelican, Finastra, Nets, FSS, Intelligent Payments, Montran
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Real Time Payments Market Report Segments:
The global Real Time Payments market is segmented on the basis of:
Types
Person-to-Person(P2P), Person-to-Business(P2B), Business-to-Person(B2P), Others
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
BFSI, IT and Telecommunications, Retail and eCommerce, Energy and Utilities, Others
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:
- ACI Worldwide
- FIS
- Fiserv
- PayPal
- Wirecard
- Mastercard
- Worldline
- Temenos
- Visa
- Apple
- Alipay(Ant Financial)
- Global Payments
- Capegemini
- Icon Solutions
- REPAY
- IntegraPay
- SIA
- Obopay
- Ripple
- Pelican
- Finastra
- Nets
- FSS
- Intelligent Payments
- Montran
Highlights of The Real Time Payments 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:
- Person-to-Person(P2P)
- Person-to-Business(P2B)
- Business-to-Person(B2P)
- Others
- By Application:
- BFSI
- IT and Telecommunications
- Retail and eCommerce
- Energy and Utilities
- Others
- 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 Real Time Payments 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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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?
Real-time payments is a payment system that allows customers to make payments in real time. This means that the customer can pay for goods or services immediately, without having to wait for a bank or other financial institution to process the payment.
Some of the key players operating in the real time payments market are ACI Worldwide, FIS, Fiserv, PayPal, Wirecard, Mastercard, Worldline, Temenos, Visa, Apple, Alipay(Ant Financial), Global Payments, Capegemini, Icon Solutions, REPAY, IntegraPay, SIA, Obopay, Ripple, Pelican, Finastra, Nets, FSS, Intelligent Payments, Montran.
The real time payments market is expected to grow at a compound annual growth rate of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Real Time Payments 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 Real Time Payments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Real Time Payments 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 Real Time Payments 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 Real Time Payments Market Size & Forecast, 2018-2028
4.5.1 Real Time Payments Market Size and Y-o-Y Growth
4.5.2 Real Time Payments Market Absolute $ Opportunity
Chapter 5 Global Real Time Payments 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 Real Time Payments Market Size Forecast by Type
5.2.1 Person-to-Person(P2P)
5.2.2 Person-to-Business(P2B)
5.2.3 Business-to-Person(B2P)
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Real Time Payments 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 Real Time Payments Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 IT and Telecommunications
6.2.3 Retail and eCommerce
6.2.4 Energy and Utilities
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Real Time Payments 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 Real Time Payments 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 Real Time Payments Analysis and Forecast
9.1 Introduction
9.2 North America Real Time Payments 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 Real Time Payments Market Size Forecast by Type
9.6.1 Person-to-Person(P2P)
9.6.2 Person-to-Business(P2B)
9.6.3 Business-to-Person(B2P)
9.6.4 Others
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 Real Time Payments Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 IT and Telecommunications
9.10.3 Retail and eCommerce
9.10.4 Energy and Utilities
9.10.5 Others
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 Real Time Payments Analysis and Forecast
10.1 Introduction
10.2 Europe Real Time Payments 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 Real Time Payments Market Size Forecast by Type
10.6.1 Person-to-Person(P2P)
10.6.2 Person-to-Business(P2B)
10.6.3 Business-to-Person(B2P)
10.6.4 Others
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 Real Time Payments Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 IT and Telecommunications
10.10.3 Retail and eCommerce
10.10.4 Energy and Utilities
10.10.5 Others
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 Real Time Payments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Real Time Payments 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 Real Time Payments Market Size Forecast by Type
11.6.1 Person-to-Person(P2P)
11.6.2 Person-to-Business(P2B)
11.6.3 Business-to-Person(B2P)
11.6.4 Others
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 Real Time Payments Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 IT and Telecommunications
11.10.3 Retail and eCommerce
11.10.4 Energy and Utilities
11.10.5 Others
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 Real Time Payments Analysis and Forecast
12.1 Introduction
12.2 Latin America Real Time Payments 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 Real Time Payments Market Size Forecast by Type
12.6.1 Person-to-Person(P2P)
12.6.2 Person-to-Business(P2B)
12.6.3 Business-to-Person(B2P)
12.6.4 Others
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 Real Time Payments Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 IT and Telecommunications
12.10.3 Retail and eCommerce
12.10.4 Energy and Utilities
12.10.5 Others
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) Real Time Payments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Real Time Payments 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) Real Time Payments Market Size Forecast by Type
13.6.1 Person-to-Person(P2P)
13.6.2 Person-to-Business(P2B)
13.6.3 Business-to-Person(B2P)
13.6.4 Others
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) Real Time Payments Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 IT and Telecommunications
13.10.3 Retail and eCommerce
13.10.4 Energy and Utilities
13.10.5 Others
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 Real Time Payments Market: Competitive Dashboard
14.2 Global Real Time Payments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ACI Worldwide
14.3.2 FIS
14.3.3 Fiserv
14.3.4 PayPal
14.3.5 Wirecard
14.3.6 Mastercard
14.3.7 Worldline
14.3.8 Temenos
14.3.9 Visa
14.3.10 Apple
14.3.11 Alipay(Ant Financial)
14.3.12 Global Payments
14.3.13 Capegemini
14.3.14 Icon Solutions
14.3.15 REPAY
14.3.16 IntegraPay
14.3.17 SIA
14.3.18 Obopay
14.3.19 Ripple
14.3.20 Pelican
14.3.21 Finastra
14.3.22 Nets
14.3.23 FSS
14.3.24 Intelligent Payments
14.3.25 Montran
