Sales Of Real-Time Payments Market To Grow At Robust CAGR During 2022 - 2031 : Fact.MR

Fact.MR foresees that the demand for real-time payments is projected to expand at a CAGR of 33% in terms of value during the period of assessment. Moreover, the report estimates that the market for real-time payments is likely to surpass US$ 277.09 Bn by end of 2032.

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.

Numerous fintech companies are making efforts to develop innovative solutions to ensure better security while making payments using bank cards and smart phones. Fintech companies are also striking partnerships with payment technology companies to improve their digital offerings and effectively meet the changing consumer demands.

For critical insights on this market, request for More Info - https://www.factmr.com/connectus/sample?flag=S&rep_id=7091

Key Market Segments in Real-Time Payments Industry Research

By Payment Type
P2B Real-Time Payments
B2B Real-Time Payments
P2P Real-Time Payments
Other Real-Time Payment Types

By Component Outlook
Real-Time Payment Solutions
Payment Gateway
Payment Processing
Security & Fraud Management
Advisory Services
Integration & Implementation Services
Managed Services
Real-Time Payment Services

By Deployment
Cloud-based Real-Time Payments
On-premise Real-Time Payments

Enterprise Size
Real-Time Payments for Large Enterprises
Real-Time Payments for Small & Medium Enterprises (SMEs)

End Use Industry
Real-Time Payments for Retail & E-commerce
Real-Time Payments for BFSI
Real-Time Payments for IT & Telecom
Real-Time Payments for Travel & Tourism
Real-Time Payments for Government
Real-Time Payments for Healthcare
Real-Time Payments for Energy & Utilities
Real-Time Payments for Other End Use Industries

Request more information about Report Methodology - https://www.factmr.com/connectus/sample?flag=RM&rep_id=7091

Key Takeaways from the Market Study

Global market to be valued at US$ 16 Bn by 2022

P2B real-time payments to account for 63% revenue share through 2022

Real-time payment solutions to comprise 3/4th of the global market demand through 2022

Over 3 out of 5 real-time payments to be deployed on-premise through 2032

Real-time payments for large enterprises to dominate, acquiring 2/3rd revenue

North America and Asia-Pacific to collectively yield 80% of the global market revenue

Competitive Landscape

The competitive landscape of the real-time payments market is shaped by product innovation and strategic mergers & acquisitions. Some prominent manufacturers of real-time payments are ACI Worldwide, Inc.; Mastercard Inc.; Finastra; Visa Inc.; PayPal Holdings, Inc.; Fiserv, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Wirecard AG; Worldpay, Inc.; Temenos AG; Montran Corporation; and Volante Technologies Inc. Frontrunners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:

In June 2021, Mastercard Incorporated announced the launch of PayPort+, a next-generation real-time payment gateway service, to provide payment service providers and financial institutions with flexible access to the U.K.'s real-time payment infrastructure. The PayPort+ solution is powered by Vocalink, a Mastercard company, and Form3, a technology partner.

For in-depth competitive analysis, Buy Now - https://www.factmr.com/checkout/7091

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of Real-time payments across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of Real-time payments during the forecast period. Price point comparison by region with global average price is also considered in the study.

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com

About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.