Real-Time Payments Market (By Payment Type: P2B, B2B, P2P; By Component: Solutions, Services; By Deployment: Cloud, On-premise; By Enterprise Size: Large Enterprises, Small & Medium Enterprises; By End-use: Retail & E-commerce, BFSI, IT & Telecom, Travel & Tourism, Government, Healthcare, Energy & Utilities) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global real-time payments market size was valued at USD 12.50 billion in 2021, and is predicted to be worth around USD 192.07 billion by 2030, registering a CAGR of 33.9% 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

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. 

Key Players

• ACI Worldwide, Inc.

• Fidelity National Information Services, Inc. (FIS Inc.)

• Finastra

• Fiserv, Inc.   

• Mastercard, Inc.

• Montran Corp.

• PayPal Holdings, Inc.

• Temenos AG

• Visa Inc.

• Volante Technologies Inc.

• Wirecard AG

• Worldpay, Inc. 

Market Segmentation

• By Payment Type 

  • P2B

  • B2B

  • P2P

  • Others

• By Component 

  • Solutions

    • Payment Gateway

    • Payment Processing

    • Security & Fraud Management

    • Advisory Services

    • Integration & Implementation Services

    • Managed Services

  • Services

• By Deployment 

  • Cloud

  • On-premise

• By Enterprise Size 

  • Large Enterprises

  • Small & Medium Enterprises

• By End-use Industry

  • Retail & E-commerce

  • BFSI

  • IT & Telecom

  • Travel & Tourism

  • Government

  • Healthcare

  • Energy & Utilities

  • Others

• Regional 

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Sweden

    • Denmark

    • Switzerland

  • Asia Pacific

    • China

    • India

    • Japan

    • Singapore

  • South America

    • Brazil

    • Argentina

  • Middle East & Africa

The real-time payments market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of real-time payments market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global real-time payments market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the real-time payments market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted real-time payments market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the real-time payments capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of real-time payments by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global real-time payments market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major real-time payments market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of real-time payments market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the real-time payments industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

real-time payments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to real-time payments market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of real-time payments market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new real-time payments market. These factors have benefited the growth of the global market for real-time payments. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for real-time payments. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of real-time payments are as follows:

• History Year: 2019-2021

• Base Year: 2022

• Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.