Published Date: 19-Feb-2021
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According to a new report Global Real-Time Payments Market, published by KBV research, The Global Real-Time Payments Market size is expected to reach $62.5 billion by 2026, rising at a market growth of 32.3% CAGR during the forecast period.
The P2B segment is expected to witness the highest growth rate during the forecast years. Several banking organizations and financial service providers are establishing a strategic alliance with third-party payment service providers to launch advanced P2P payment solutions.
In 2019, the retail and e-commerce segment acquired the highest market share. The adoption of real-time payment solutions has been pushed by the increasing demand for immediate payment settlement from merchants and retailers. By providing an effective and convenient mode of payments, real-time payment solutions can considerably offer a competitive advantage to the retailers. One of the significant aspects that propel the market growth is the increasing inclination towards mobile-based shopping across the world.
The Real-Time Payments market was dominated by the Asia Pacific in 2019. The growth of the Asia Pacific regional market is driven by the increasing adoption of real-time payment solutions by large and small & medium enterprises in the region. Moreover, the constant economic growth and digitization would fuel regional market growth. North America region is anticipated to register a prominent growth rate over the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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