The global real-time payments market size was valued at USD 12.60 billion in 2021, and is predicted to be worth around USD 192.10 billion by 2030, registering a CAGR of 33.11% during the forecast period 2022 to 2030.
Growth Factors:
The market growth can be attributed to the increasing digitization in the fintech sector and growing volumes of non-cash transactions. In addition, the increasing popularity of open API-enabled real-time payment systems in banks is also expected to contribute to market growth. For instance, as per a survey conducted by Finastra, a fintech firm, in 2020, 86% of global banks surveyed were planning to adopt open APIs to enable open banking capabilities by next year. Numerous fintech companies are making efforts to develop innovative solutions to ensure better security while making payments using bank cards and smartphones.
The market growth can be attributed to the high proliferation of smartphones and the adoption of cloud-based solutions for faster payments. In addition, the increasing demand from customers for quicker payment settlements and growing investments from financial institutes and governments to boost the adoption of real-time payment solutions are expected to accelerate the market growth. The incorporation of innovative technologies, such as Artificial Intelligence (AI) and IoT, in digital payment platforms, is also expected to contribute to the demand for real-time payment solutions..
Report Coverage
| Report Scope | Details |
| Market Size | USD 192.10 billion by 2030 |
| Growth Rate | CAGR of 33.11% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Payment Type, Component, Deployment, Enterprise Size, End Use Industry, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | ACI Worldwide, Inc.; Mastercard Inc.; Finastra; Visa Inc.; PayPal Holdings, Inc.; Fiserv, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Wirecard AG; Worldpay, Inc.; Temenos AG; Montran Corporation; Volante Technologies Inc.. |
By Payment Type Analysis
The P2B segment dominated the market in 2021 and accounted for a 64.0% share of the global revenue. P2B payments refer to monetary transactions between customers and businesses. The unabated growth of mobile commerce and e-commerce is a key factor driving the growth of the segment.
The P2P segment is anticipated to register the highest growth rate over the forecast period. Various cross-border payment companies are making efforts to develop real-time P2P payment solutions by striking strategic partnerships with banks and financial service providers.
MoneyGram International, a cross-border payment service provider, and Visa, a payment technology company, announced the launch of a real-time Peer-to-Peer (P2P) payment solution in Vietnam through Visa Direct. The solution enables customers from the U.S., U.K., and 18 other European countries to transfer money to Vietnam quickly using Visa Direct.
By Component Analysis
The solutions segment dominated the market in 2021 and accounted for a share of over 77% of the global revenue. The segment has been further divided into the payment gateway, payment processing, security & fraud management.
Merchants manage a large volume of transactions, which has propelled the integration of gateway systems into their sales channels. For instance, in November 2020, Shopify, an e-commerce company, announced its partnership with Alibaba Group Holding Ltd., an Alipay payment gateway provider.
The company’s payment gateway enables Shopify merchants to seamlessly accept payments in China. Advancements in technologies coupled with the rapid growth of the e-commerce sector are driving the need for payment security and fraud management solutions.
By Deployment Analysis
The on-premise segment dominated the market in 2021 and accounted for a share of more than 60.5% of the global revenue. Numerous companies across the globe are striking partnerships with payment technology companies to deliver on-premise real-time payment solutions.
A software company that provides real-time payment solutions, announced its partnership with Mastercard, a payment technology company, to offer a wide range of real-time payment solutions supporting on-premise software for the central bank, government, and system operator owned platforms.
The cloud segment is anticipated to register the fastest growth rate over the forecast period. The increasing adoption of mobile-based payment solutions across the globe is driving the growth of this segment.
Numerous fintech companies are enhancing their cross-border payment platforms through integration with cloud-based platforms to provide a better customer experience to the customers.
By Enterprise Size Analysis
On the basis of enterprise size, the global market has been bifurcated into large and Small- and Medium-sized Enterprises (SMEs). The large enterprises size segment dominated the market in 2021 and accounted for the maximum share of more than 66% of the global revenue.
On the other hand, the SMEs enterprise size segment is anticipated to register the fastest growth rate over the forecast period. A number of SMEs across the world are transitioning from traditional paper-based invoicing to digital invoicing.
By Regional Analysis
Asia Pacific dominated the market in 2021 and accounted for the maximum share of around 40.0% of the global revenue. The regional market is projected to expand further at the fastest CAGR over the forecast period. The growing adoption of real-time payment solutions by large-scale as well as small- & medium-scale enterprises in Asia Pacific is expected to drive the regional market growth.
North America is expected to witness a steady growth rate over the forecast period. The region is home to several prominent players in the global market. The growing number of immigrants in North American countries, such as the U.S. and Canada, is expected to increase the number of cross-border disbursements, which, in turn, is estimated to support the market growth in these countries.
By End-use Analysis
The retail & e-commerce segment dominated the market in 2021 and accounted for a share of more than 34.5% of the global revenue. The increasing demand for instant payment settlement from retailers and merchants has accelerated the adoption of real-time payment solutions in this segment.
The Banking, Financial Services, and Insurance (BFSI) end-use industry segment is anticipated to register the second-fastest growth rate over the forecast period. Banks across the globe are launching real-time payment solutions to enhance customer experiences.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Real-Time Payments Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Market Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Real-Time Payments market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Real-Time Payments market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Real-Time Payments markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Real-Time Payments Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Real-Time Payments Market, By Payment Type
7.1. Real-Time Payments Market, by Payment Type, 2021-2030
7.1.1. P2B
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. B2B
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. P2P
7.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Real-Time Payments Market, By End-use
8.1. Real-Time Payments Market, by End-use, 2021-2030
8.1.1. Solutions
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Services
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Real-Time Payments Market, By Deployment
9.1. Real-Time Payments Market, by Deployment, 2021-2030
9.1.1. Cloud
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. On-premise
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Real-Time Payments Market, By Enterprise Size
10.1. Real-Time Payments Market, by Enterprise Size, 2021-2030
10.1.1. Large Enterprises
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Small & Medium Enterprises
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Real-Time Payments Market, By End-use
11.1. Real-Time Payments Market, by End-use, 2021-2030
11.1.1. Retail & E-commerce
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. BFSI
11.1.2.1. Market Revenue and Forecast (2019-2030)
11.1.3. IT & Telecom
11.1.3.1. Market Revenue and Forecast (2019-2030)
11.1.4. Travel & Tourism
11.1.4.1. Market Revenue and Forecast (2019-2030)
11.1.5. Government
11.1.5.1. Market Revenue and Forecast (2019-2030)
11.1.6. Healthcare
11.1.6.1. Market Revenue and Forecast (2019-2030)
11.1.7. Energy & Utilities
11.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Real-Time Payments Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.1.2. Market Revenue and Forecast, by End-use (2019-2030)
12.1.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.1.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.1.5. Market Revenue and Forecast, by End-use (2019-2030)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.1.6.2. Market Revenue and Forecast, by End-use (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.1.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.1.7.2. Market Revenue and Forecast, by End-use (2019-2030)
12.1.7.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.1.7.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.1.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.2.2. Market Revenue and Forecast, by End-use (2019-2030)
12.2.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.2.6.2. Market Revenue and Forecast, by End-use (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.2.7.2. Market Revenue and Forecast, by End-use (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.2.8.2. Market Revenue and Forecast, by End-use (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.8.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.2.9.2. Market Revenue and Forecast, by End-use (2019-2030)
12.2.9.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.9.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.9.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.3.2. Market Revenue and Forecast, by End-use (2019-2030)
12.3.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.3.6.2. Market Revenue and Forecast, by End-use (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.3.7.2. Market Revenue and Forecast, by End-use (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.3.8.2. Market Revenue and Forecast, by End-use (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.8.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.3.9.2. Market Revenue and Forecast, by End-use (2019-2030)
12.3.9.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.9.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.9.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.4.2. Market Revenue and Forecast, by End-use (2019-2030)
12.4.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.4.6.2. Market Revenue and Forecast, by End-use (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.4.7.2. Market Revenue and Forecast, by End-use (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.4.8.2. Market Revenue and Forecast, by End-use (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.8.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.4.9.2. Market Revenue and Forecast, by End-use (2019-2030)
12.4.9.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.9.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.9.5. Market Revenue and Forecast, by End-use (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.5.2. Market Revenue and Forecast, by End-use (2019-2030)
12.5.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.5.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.5.5. Market Revenue and Forecast, by End-use (2019-2030)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.5.6.2. Market Revenue and Forecast, by End-use (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.5.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, by Payment Type (2019-2030)
12.5.7.2. Market Revenue and Forecast, by End-use (2019-2030)
12.5.7.3. Market Revenue and Forecast, by Deployment (2019-2030)
12.5.7.4. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.5.7.5. Market Revenue and Forecast, by End-use (2019-2030)
Chapter 13. Company Profiles
13.1. ACI Worldwide, Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Fidelity National Information Services, Inc. (FIS Inc.)
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Finastra
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Fiserv, Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Mastercard, Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Montran Corp.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. PayPal Holdings, Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Temenos AG
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Visa Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Volante Technologies Inc.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers