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The Europe Real-Time Payments Market would witness market growth of 32.1% CAGR during the forecast period (2020-2026). Growing demand for secure instant payment gateways and quick payment services around the world is anticipated to propel the growth of the global real-time payments market. This is credited to the capability of real-time payment applications to offer a highly safe system for any transaction. In addition, the growing adoption of real-time payment systems among the banking, financial services, and insurance (BFSI) industry around the world is for high speed and simple payment methods.
Moreover, sophisticated services provided by real-time payment systems for several banking applications like effective data handling, consumer analytics marketing, cost-effective payment data, and instant credit transaction are some of the aspects anticipated to contribute to the growth of the global real-time payments market over the forecast years. Further, growing digitalization among various sectors is anticipated to push the growth of the market. This is owing to the several advantages provided by digitalization like secure authorization, instant payment, immediate settlement, and instant receipt of notification.
Technological advancements along with the massive growth of e-commerce sector are accelerating the demand for payment security and fraud management solutions. E-commerce sector is anticipated to boost considerably in the next few years; and innovative, effective, and safe payment security and fraud management solutions are required to manage all the transactions across the e-commerce industry. In order to reduce the risks of fraudulent transactions, companies around the world are establishing mutual partnerships.
Based on Component, the market is segmented into Solution and Services. Solution segment is further bifurcated across Payment Gateway, Payment Processing and Security & Fraud Management. Based on Payment Type, the market is segmented into Person-to-Business (P2B), Business-to-Business (B2B), Person-to-Person (P2P) and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Retail & E-commerce, Government & Utilities, Healthcare, Telecom & IT, Travel & Hospitality, BFSI and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ACI Worldwide, Inc., Fidelity Information Services (FIS), Inc., Fiserv, Inc., Mastercard, Inc., PayPal Holdings, Inc. (eBay), Visa, Inc., Apple, Inc., Temenos AG, Capgemini SE, and Finastra Group Holdings Limited (Vista Equity Partners).
By Payment Type
By Deployment Type
By End User
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