Real-Time Payments Market Size, Share & Trends Analysis Report By Enterprise Size (Large, SME), By Payment Type (P2B, P2P), By End-use Industry, By Component, By Deployment, And Segment Forecasts, 2022 - 2030

Real-Time Payments Market Growth & Trends

The global real-time payments market size is expected to reach USD 193.07 billion by 2030, growing at a CAGR of 34.9% over the forecast period, according to a new report by Grand View Research, Inc. 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.

Fintech companies are also striking partnerships with payment technology companies to improve their digital offerings and effectively meet the changing consumer demands. For instance, in November 2020, Payments Canada, an organization that operates the payment clearing and settlement system, and Mastercard, a payment technology company, announced their partnership to improve Canada’s real-time payment solution. As part of this partnership, Payments Canada selected Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s real-time payment system, the Real-Time Rail (RTR). The increasing adoption of technologies, such as facial recognition systems, for digital payments in the retail industry is expected to drive market growth.

For instance, in June 2020, Panasonic Corporation of North America and PopID, a payment terminals solution provider, announced their partnership to provide facial recognition payment processes to the restaurant and retail industries. The outbreak of the COVID-19 pandemic is expected to accelerate the demand for real-time payment solutions. In an attempt to prevent the spread of the coronavirus, retailers and consumers are adopting contactless payment methods. The growing popularity of online shopping in the wake of the pandemic is also expected to propel market growth over the forecast period.

Real-time Payments Market Report Highlights

  • The P2B segment is anticipated to dominate the market over the forecast period. The continuous growth of online shopping and e-commerce sales is expected to drive the growth of the segment. P2B payments allow businesses to improve customer satisfaction
  • The solution segment is expected to continue dominating the market over the forecast period. The growing consumer preference for innovative digital payment solutions is expected to drive the growth of the segment
  • The growing preference for cloud-based real-time payment solutions can be attributed to their flexibility in providing real-time payment insights to customers and retailers
  • The increasing adoption of digital payment methods in big retail stores across the globe is anticipated to drive the product demand over the forecast period
  • Government bodies are increasingly deploying facial recognition payment systems across public transport systems, in turn, creating an opportunity for market vendors
  • The continued digitalization in emerging economies, such as China and India, is expected to create growth opportunities for vendors in the Asia Pacific regional market
Profiled Companies

ACI Worldwide, Inc.
Fidelity National Information Services, Inc.
Finastra
Fiserv, Inc.
Mastercard Incorporated
Montran Corporation
PayPal Holdings, Inc.
Temenos AG
Visa Inc.
Volante Technologies Inc.
Wirecard AG
Worldpay, Inc.

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Chapter
1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 List of Acronyms
Chapter
2 Executive Summary
2.1 Real-time Payments Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Real-time Payments Market, 2017 - 2030
Chapter
3 Real-Time Payments Industry Outlook
3.1 Market Segmentation and Scope
3.2 Real-Time Payments Market Size & Growth Prospects
3.3 Real-Time Payments Market - Value Chain Analysis
3.4 Real-Time Payments Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increased operational efficiency:
3.4.1.2 Increasing demand for mobile payments:
3.4.1.3 Increasing demand for payment solutions from customers and merchants
3.4.1.4 Government initiatives to promote digital payments
3.4.2 Market challenge analysis
3.4.2.1 Security concerns related to real-time payments
3.4.3 Market opportunity analysis
3.4.3.1 Use of data analytics to improve customer experience
3.5 Real-Time Payments Penetration & Growth Prospects Mapping
3.6 Real-Time Payments Market - Porter's Five Forces Analysis
3.7 Real-Time Payments Market - PEST Analysis
Chapter
4 Real-Time Payments: Payment Type Outlook
4.1 Real-Time Payments Market, By Payment Type, 2021 & 2030
4.2 P2B Real-Time Payments
4.2.1 P2B real-time payments market, 2017 - 2030
4.2.1.1 P2B real-time payments market, by region, 2017 - 2030
4.3 B2B Real-Time Payments
4.3.1 B2B real-time payments market, by region, 2017 - 2030
4.3.1.1 B2B real-time payments market, by region, 2017 - 2030
4.4 P2P Real-Time Payments
4.4.1 P2P real-time payments market, 2017 - 2030
4.4.1.1 P2P real-time payments market, by region, 2017 - 2030
4.5 Others
4.5.1 Others real-time payments market, 2017 - 2030
4.5.1.1 Others real-time payments market, by region, 2017 - 2030
Chapter
5 Real-Time Payments: Component Outlook
5.1 Real-Time Payments Market, By Component Type, 2021 & 2030
5.2 Solutions
5.2.1 Solutions real-time payments market, 2017 - 2030
5.2.1.1 Solutions real-time payments market, by region, 2017 - 2030
5.2.2 Payments gateway real-time payments market, 2017 - 2030
5.2.2.1 Payments gateway real-time payments market, by region, 2017 - 2030
5.2.3 Payments processing real-time payments market, 2017 - 2030
5.2.3.1 Payments processing real-time payments market, by region, 2017 - 2030
5.2.4 Security & fraud management real-time payments market, 2017 - 2030
5.2.4.1 Security & fraud management real-time payments market, by region, 2017 - 2030
5.3 Services
5.3.1 Services real-time payments market, 2017 - 2030
5.3.1.1 Services real-time payments market, by region, 2017 - 2030
5.3.2 Advisory services real-time payments market, 2017 - 2030
5.3.2.1 Advisory services real-time payments market, by region, 2017 - 2030
5.3.3 Integration & implementation services real-time payments market, 2017 - 2030
5.3.3.1 Integration & implementation services real-time payments market, by region, 2017 - 2030
5.3.4 Managed services real-time payments market, 2017 - 2030
5.3.4.1 Managed services real-time payments market, by region, 2017 - 2030
Chapter
6 Real-Time Payments: Deployment Outlook
6.1 Real-Time Payments Market, By Deployment, 2021 & 2030
6.2 On-premises
6.2.1 On-premise market, 2017 - 2030
6.2.1.1 On-premises market, by region, 2017 - 2030
6.3 Cloud-based
6.3.1 Cloud-based market, 2017 - 2030
6.3.1.1 Cloud-based market, by region, 2017 - 2030
Chapter
7 Real-Time Payments: Enterprise Size Outlook
7.1 Real-Time Payments Market, By Enterprise Size, 2021 & 2030
7.2 Large Enterprise
7.2.1 Large enterprises market, 2017 - 2030
7.2.1.1 Large enterprises market, by region, 2017 - 2030
7.3 Small & Medium Enterprises
7.3.1 Small & medium enterprises market, 2017 - 2030
7.3.1.1 Small & medium enterprises market, by region, 2017 - 2030
Chapter
8 Real-Time Payments: End-use Industry Outlook
8.1 Real-Time Payments Market, By End-use Industry, 2021 & 2030
8.2 Retail & E-commerce
8.2.1 Retail & e-commerce market, 2017 - 2030
8.2.1.1 Retail & e-commerce market, by region, 2017 - 2030
8.3 BFSI
8.3.1 BFSI market, 2017 - 2030
8.3.1.1 BFSI market, by region, 2017 - 2030
8.4 IT & Telecom
8.4.1 IT & telecom market, 2017 - 2030
8.4.1.1 IT & telecom market, by region, 2017 - 2030
8.5 Travel & Tourism
8.5.1 Travel & tourism market, 2017 - 2030
8.5.1.1 Travel & tourism market, by region, 2017 - 2030
8.6 Healthcare
8.6.1 Healthcare market, 2017 - 2030
8.6.1.1 Healthcare market, by region, 2017 - 2030
8.7 Government
8.7.1 Government market, 2017 - 2030
8.7.1.1 Government market, by region, 2017 - 2030
8.8 Energy & Utilities
8.8.1 Energy & utilities market, 2017 - 2030
8.8.1.1 Energy & utilities market, by region, 2017 - 2030
8.9 Others
8.9.1 Others market, 2017 - 2030
8.9.1.1 Others market, by region, 2017 - 2030
Chapter
9 Real-Time Payments: Regional Outlook
9.1 Real-Time Payments, By Region, 2021 & 2030
9.2 North America
9.2.1 North America real-time payments market, by payments type, 2017 - 2030
9.2.2 North America real-time payments market, by component, 2017 - 2030
9.2.3 North America real-time payments market, by deployment, 2017 - 2030
9.2.4 North America real-time payments market, by enterprise size, 2017 - 2030
9.2.5 North America real-time payments market, by end-use industry, 2017 - 2030
9.2.6 U.S.
9.2.6.1 U.S. real-time payments market, by payments type, 2017 - 2030
9.2.6.2 U.S. real-time payments market, by component, 2017 - 2030
9.2.6.3 U.S. real-time payments market, by deployment, 2017 - 2030
9.2.6.4 U.S. real-time payments market, by enterprise size, 2017 - 2030
9.2.6.5 U.S. real-time payments market, by end-use industry, 2017 - 2030
9.2.7 Canada
9.2.7.1 Canada real-time payments market, by payments type, 2017 - 2030
9.2.7.2 Canada real-time payments market, by component, 2017 - 2030
9.2.7.3 Canada real-time payments market, by deployment, 2017 - 2030
9.2.7.4 Canada real-time payments market, by enterprise size, 2017 - 2030
9.2.7.5 Canada real-time payments market, by end-use industry, 2017 - 2030
9.2.8 Mexico
9.2.8.1 Mexico real-time payments market, by payments type, 2017 - 2030
9.2.8.2 Mexico real-time payments market, by component, 2017 - 2030
9.2.8.3 Mexico real-time payments market, by deployment, 2017 - 2030
9.2.8.4 Mexico real-time payments market, by enterprise size, 2017 - 2030
9.2.8.5 Mexico real-time payments market, by end-use industry, 2017 - 2030
9.3 Europe
9.3.1 Europe real-time payments market, by payments type, 2017 - 2030
9.3.2 Europe real-time payments market, by component, 2017 - 2030
9.3.3 Europe real-time payments market, by deployment, 2017 - 2030
9.3.4 Europe real-time payments market, by enterprise size, 2017 - 2030
9.3.5 Europe real-time payments market, by end-use industry, 2017 - 2030
9.3.6 U.K.
9.3.6.1 U.K. real-time payments market, by payments type, 2017 - 2030
9.3.6.2 U.K. real-time payments market, by component, 2017 - 2030
9.3.6.3 U.K. real-time payments market, by deployment, 2017 - 2030
9.3.6.4 U.K. real-time payments market, by enterprise size, 2017 - 2030
9.3.6.5 U.K. real-time payments market, by end-use industry, 2017 - 2030
9.3.7 Sweden
9.3.7.1 Sweden real-time payments market, by payments type, 2017 - 2030
9.3.7.2 Sweden real-time payments market, by component, 2017 - 2030
9.3.7.3 Sweden real-time payments market, by deployment, 2017 - 2030
9.3.7.4 Sweden real-time payments market, by enterprise size, 2017 - 2030
9.3.7.5 Sweden real-time payments market, by end-use industry, 2017 - 2030
9.3.8 Denmark
9.3.8.1 Denmark real-time payments market, by payments type, 2017 - 2030
9.3.8.2 Denmark real-time payments market, by component, 2017 - 2030
9.3.8.3 Denmark real-time payments market, by deployment, 2017 - 2030
9.3.8.4 Denmark real-time payments market, by enterprise size, 2017 - 2030
9.3.8.5 Denmark real-time payments market, by end-use industry, 2017 - 2030
9.3.9 Switzerland
9.3.9.1 Switzerland real-time payments market, by payments type, 2017 - 2030
9.3.9.2 Sweden real-time payments market, by component, 2017 - 2030
9.3.9.3 Sweden real-time payments market, by deployment, 2017 - 2030
9.3.9.4 Sweden real-time payments market, by enterprise size, 2017 - 2030
9.3.9.5 Sweden real-time payments market, by end-use industry, 2017 - 2030
9.4 Asia Pacific
9.4.1 Asia Pacific real-time payments market, by payments type, 2017 - 2030
9.4.2 Asia Pacific real-time payments market, by component, 2017 - 2030
9.4.3 Asia Pacific real-time payments market, by deployment, 2017 - 2030
9.4.4 Asia Pacific real-time payments market, by enterprise size, 2017 - 2030
9.4.5 Asia Pacific real-time payments market, by end-use industry, 2017 - 2030
9.4.6 China
9.4.6.1 China real-time payments market, by payments type, 2017 - 2030
9.4.6.2 China real-time payments market, by component, 2017 - 2030
9.4.6.3 China real-time payments market, by deployment, 2017 - 2030
9.4.6.4 China real-time payments market, by enterprise size, 2017 - 2030
9.4.6.5 China real-time payments market, by end-use industry, 2017 - 2030
9.4.7 India
9.4.7.1 India real-time payments market, by payments type, 2017 - 2030
9.4.7.2 India real-time payments market, by component, 2017 - 2030
9.4.7.3 India real-time payments market, by deployment, 2017 - 2030
9.4.7.4 India real-time payments market, by enterprise size, 2017 - 2030
9.4.7.5 India real-time payments market, by end-use industry, 2017 - 2030
9.4.8 Japan
9.4.8.1 Japan real-time payments market, by payments type, 2017 - 2030
9.4.8.2 Japan real-time payments market, by component, 2017 - 2030
9.4.8.3 Japan real-time payments market, by deployment, 2017 - 2030
9.4.8.4 Japan real-time payments market, by enterprise size, 2017 - 2030
9.4.8.5 Japan real-time payments market, by end-use industry, 2017 - 2030
9.4.9 Singapore
9.4.9.1 Singapore real-time payments market, by payments type, 2017 - 2030
9.4.9.2 Singapore real-time payments market, by component, 2017 - 2030
9.4.9.3 Singapore real-time payments market, by deployment, 2017 - 2030
9.4.9.4 Singapore real-time payments market, by enterprise size, 2017 - 2030
9.4.9.5 Singapore real-time payments market, by end-use industry, 2017 - 2030
9.5 South America
9.5.1 South America real-time payments market, by payment type, 2017 - 2030
9.5.2 South America real-time payments market, by component, 2017 - 2030
9.5.3 South America real-time payments market, by deployment, 2017 - 2030
9.5.4 South America real-time payments market, by enterprise size, 2017 - 2030
9.5.5 South America real-time payments market, by end-use industry, 2017 - 2030
9.5.6 Brazil
9.5.6.1 Brazil real-time payments market, by payment type, 2017 - 2030
9.5.6.2 Brazil real-time payments market, by component, 2017 - 2030
9.5.6.3 Brazil real-time payments market, by deployment, 2017 - 2030
9.5.6.4 Brazil r2eal-time payments market, by enterprise size, 2017 - 2030
9.5.6.5 Brazil real-time payments market, by end-use industry, 2017 - 2030
9.5.7 Argentina
9.5.7.1 Argentina real-time payments market, by payment type, 2017 - 2030
9.5.7.2 Argentina real-time payments market, by component, 2017 - 2030
9.5.7.3 Argentina real-time payments market, by deployment, 2017 - 2030
9.5.7.4 Argentina real-time payments market, by enterprise size, 2017 - 2030
9.5.7.5 Argentina real-time payments market, by end-use industry, 2017 - 2030
9.6 MEA
9.6.1 MEA real-time payments market, by payment type, 2017 - 2030
9.6.2 MEA real-time payments market, by component, 2017 - 2030
9.6.3 MEA real-time payments market, by deployment, 2017 - 2030
9.6.4 MEA real-time payments market, by enterprise size, 2017 - 2030
9.6.5 MEA real-time payments market, by end-use industry, 2017 - 2030
Chapter
10 Competitive Analysis
10.1 Recent Developments and Impact Analysis, by Key Market Participants
10.2 Competitive Dashboard Analysis
10.3 Company Market Positioning Analysis
10.4 Company Ranking
10.5 Market Position Analysis
10.6 Company Geographical Presence
Chapter
11 Competitive Landscape
11.1 ACI Worldwide, Inc.
11.1.1 Company overview
11.1.2 Financial performance
11.1.3 Product benchmarking
11.1.4 Strategic initiatives
11.2 Fidelity National Information Services, Inc.
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 Strategic initiatives
11.3 Finastra
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.3.4 Strategic initiatives
11.4 Fiserv, Inc.
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.4.4 Strategic initiatives
11.5 Mastercard Incorporated
11.5.1 Company overview
11.5.2 Financial performance
11.5.3 Product benchmarking
11.5.4 Strategic initiatives
11.6 Montran Corporation
11.6.1 Company overview
11.6.2 Product benchmarking
11.7 PayPal Holdings, Inc.
11.7.1 Company overview
11.7.2 Financial performance
11.7.3 Product benchmarking
11.7.4 Strategic initiatives
11.8 Temenos AG
11.8.1 Company overview
11.8.2 Financial performance
11.8.3 Product benchmarking
11.8.4 Strategic initiatives
11.9 Visa Inc.
11.9.1 Company overview
11.9.2 Financial performance
11.9.3 Product benchmarking
11.9.4 Strategic initiatives
11.10 Volante Technologies Inc.
11.10.1 Company overview
11.10.2 Product benchmarking
11.10.3 Recent Developments
11.11 Wirecard AG
11.11.1 Company overview
11.11.2 Financial performance
11.11.3 Product benchmarking
11.11.4 Strategic initiatives
11.12 Worldpay, Inc.
11.12.1 Company overview
11.12.2 Financial performance
11.12.3 Product benchmarking
11.12.4 Strategic initiatives
11.13 List of Prominent Players

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