Real-Time Payments Market To Grow With Sustainable Cagr During 2022 – 2027

The Global Real-Time Payments Market Research Report 2022-2027 is a valuable source of insightful data for business strategists. It provides an industry overview with growth analysis and historical and future cost, revenue, demand and supply data (if applicable). Research analysts provide detailed explanations of value chain and retailer analysis. This Real-Time Payments market study provides comprehensive data that enhances the understanding, scope and application of this report.

The Real-Time Payments market is set to grow at a CAGR of 30.65 % over the forecast period (2022-2027).

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Top leading companies in the global Real-Time Payments market includes: ACI Worldwide, FIS, Fiserv, PayPal, Wirecard, Mastercard, Worldline, Temenos, Visa, Apple, Alipay (Ant Financial)

Recent developments

In August 2018, ACI Worldwide partnered with SPAN Enterprises, a cloud-based software company, to boost payments and enhance the customer experience in the transportation industry by deploying ACI’s Official Payments, an IRS tax payment system.
In September, Fiserv agreed to acquire Elan Financial Services, a unit of U.S. Bancorp. Elan Financial Services is a provider of debit card processing, ATM managed services, and MoneyPass surcharge-free ATM network. The acquisition would enable Fiserv to strengthen its presence in the arena of debit card processing and expand its mobile and digital payments offering for consumers and businesses.
In June 2018, PayPal acquired Simility, a leading fraud prevention and risk management platform, for USD 120 million. Paypal aims at expanding its fraud prevention and risk management portfolio for merchants, following this acquisition.

Real-Time Payments Market segmentation:

Market segment by Type:

Person-to-Person (P2P)

Person-to-Business (P2B)

Business-to-Person (B2P)

Others

Market segment by Application:

BFSI

IT and Telecommunications

Retail and eCommerce

Government

Energy and Utilities

Others

Report Objectives
To define, describe, and forecast the size of the real time payments market by nature of payment (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and others), component (solutions and services), deployment mode (cloud and on-premises), vertical (Banking, Financial Services, and Insurance (BFSI), IT and telecom, transport, retail and e-commerce,  government, energy and utilities, and others), and region (North America, Asia Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA)). The report also aims at providing detailed information about major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
The report also aims at providing detailed information about the major factors influencing the growth of the real time payments market (drivers, restraints, opportunities, and challenges).
To strategically analyze the micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
To study the complete value chain of market

Market Overview:

The real-time payments market expected to grow from USD 6.8 billion in 2022 to USD 25.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.65%.

The major growth factors expected to drive the growth of the market include the high proliferation of smartphones, adoption of cloud-based solutions, customers’ demand for immediacy of payments and quicker payment settlements, and the government initiatives.

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Asia Pacific (APAC) is expected to hold the largest market size and grow at the highest CAGR during the forecast period

On the basis of regions, the global real-time payments market has been segmented into North America, Europe, APAC, the Middle East and Africa (MEA), and Latin America. APAC is expected to hold the largest market size and grow at the highest CAGR during the forecast period. In the APAC region, the growth rate can be attributed to various factors, including the adoption of advanced technologies, economic developments, increasing rate of digitalization, and high investments by real time payments solution and service providers. The driving forces for the growth of the market in this region include the huge population in this region that contributes to the volume of transactions, and the domestic and international enterprises that are investing in this region.

Investigator Observers Strong Growth in Specific Regions:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa).

Some key questions answered in the Real-Time Payments market report:

– What is the Real-Time Payments market growth, sales, production, consumption, import and export, trends, latest developments, etc. of each region/country?

– Which key regions or Real-Time Payments market segments will drive market development in the near future?

– The short-term and long-term factors affecting the industry due to COVID-19.

– Historical, current and future market development, growth and market size during the forecast period.

– The detailed qualitative analysis and quantitative insights provided in the report contribute to future growth.

– Comprehensive mapping of key players and the latest strategies adopted by industry players, Manufacturer behaviours analysis.

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Important functions under the reported products and main highlights:

– Detailed overview of the Real-Time Payments Market

– Changes in industry market dynamics

– History, current and projected market size in terms of volume and value

– Detailed Real-Time Payments market segmentation by type, application, etc.

– Recent industry trends and developments

– Competition Situation The high-frequency inductor market

– key company and product strategies

– shows promising growth potential and niche segments/regions

The research includes historical data from 2016 to 2022 and forecasts to 2027, making the reports an invaluable resource for industry managers, marketing, sales, and product managers, consultants, analysts, and others looking for key industry data in easily accessible documents with clearly presented tables and graphs.

Note: All reports on the list are tracking the impact of COVID-19. While doing this, both upstream and downstream of the entire supply chain were considered.

We offer customization on Real-Time Payments market reports based on specific client requirements:

1: Market Report in PDF and Excel format.

2: Access to 20% free customization.

3: Access to our analyst’s facts for the following 1 year.

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