This report examines the Instant Payments market landscape in detail; assessing the market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for real-time payments providers; addressing different payment types, the challenges each faces, and how stakeholders can overcome them. It looks at key trends such as the launch of FedNow service and the integration of value-added services, such as request for payment. It also provides analysis of the place of instant payments usage within 60 countries using Juniper Research’s Country Readiness Index.
Please note: the online download version of this report is for a global site license.
- 1. Key Takeaways & Strategic Recommendations
- 1.1 Key Takeaways
- 1.1.1 Infrastructure Key for Generating Adoption
- 1.1.2 Open Banking Regulation Opening Up Opportunities
- 1.1.3 P2P Payment Services Can Evolve into All Round Payment Apps
- 1.2 Strategic Recommendations
- 1.2.1 Fraud Prevention Must Be at the Centre of Solutions
- 1.2.2 Value-added Services Needed to Sell Instant Payments
- 1.2.3 ISO 20022 Migration Important for Offering Instant Payments’ Full Potential
- 2. Market Landscape
- 2.1 Introduction
- 2.1.1 How Instant Payments Work
- i. The Clearing House RTP
- Figure 2.1: The Clearing House RTP Network
- ii. SEPA
- Figure 2.2: Map of SEPA Member Countries
- iii. SWIFT
- iv. PayPal
- v. Other Payment Rails
- 2.1.2 Background
- 2.2 Current State of the Market
- 2.2.1 Key Drivers of Instant Payments
- i. Customer Experience
- ii. Technological Development
- iii. Government Encouragement
- 2.2.2 Emerging Trends
- i. Request to Pay
- Figure 2.3: Request to Pay Loop
- ii. APIs
- iii. Instant Payment Apps
- iv. Value-added Features
- v. Open Banking
- Figure 2.4: Provision of Services in Open Banking
- 3. Consumer Payments Versus B2B Payments
- 3.1 Introduction
- 3.2 Consumer
- 3.2.1 P2P
- 3.2.2 Merchant Payments
- i. eCommerce
- ii. POS
- 3.3 B2B
- 3.3.1 Payment Types
- i. Bank Transfers
- ii. Expenses Payments
- iii. Corporate Transactions
- iv. Mobile Financial Services
- v. B2B eCommerce
- 3.3.2 Challenges
- i. Fractured Network
- ii. Fraud and AML
- iii. Lack of Use Case
- 4. Country Readiness Index
- 4.1 Introduction
- Figure 4.1: Juniper Research’s 8 Key Regions Definition
- Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: Instant
- Payments
- Figure 4.3: Juniper Research Country Readiness Index: Instant Payments
- Table 4.4: Instant Payments Country Readiness Index: Market Segments
- 4.1.1 Focus Markets
- i. Established Instant Payment Rails
- ii. Institutional Support
- iii. Country-level Assessment: The US
- 4.1.2 Growth Markets
- i. Emerging Economies
- ii. Developed Economies
- iii. Country-level Assessment: The UAE
- 4.1.3 Saturated Market
- i. Cross-border Cooperation
- ii. Additional Services
- iii. Country-level Assessment: The UK
- 4.1.4 Developing Market
- i. Limited Infrastructure
- ii. Country-level Assessment: Mexico
- Table 4.5: Juniper Research’s Country Readiness Index Heatmap: North America
- Table 4.6: Juniper Research’s Country Readiness Index Heatmap: Latin America
- Table 4.7: Juniper Research’s Country Readiness Index Heatmap: West Europe
- Table 4.8: Juniper Research’s Country Readiness Index Heatmap: Central & East
- Europe
- Table 4.9: Juniper Research’s Country Readiness Index Heatmap: Far East &
- China
- Table 4.10: Juniper Research’s Country Readiness Index Heatmap: Indian
- Subcontinent
- Table 4.11: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia
- Pacific
- Table 4.12: Juniper Research’s Country Readiness Index Heatmap: Africa &
- Middle East
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook