Real-Time Payments Industry Analysis, Recent Trends, and Forecast (2022-2031)

Allied Market Research published a report on the global real-time payments industry, which is estimated to achieve $123.0 billion by 2031, with a value of $13.8 billion in 2021, exhibiting a remarkable CAGR of 24.5% from 2022 to 2031. This report provides detailed information on market dynamics, key market segments, competitive landscapes, regional analysis, and recent trends. Furthermore, this report is an excellent source for a quantitative evaluation of market share and size, as well as forecasts for the global real-time payment industry. Porter's five forces analysis shows the potential of suppliers and buyers to enable stakeholders to strengthen their supplier-buyer network and make informed business decisions.

➡️𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-sample/A19437

Real-time payments take place instantly and take only a few seconds to complete. It is the fastest and easiest way to transfer money between accounts. They are adopted by businesses because they are quick and available every day of the year. These fast payments are usually carried out using mobile devices. In 2020, ACI Worldwide, a renowned payment company, identified India as the top player in real-time payments, surpassing countries such as South Korea, China, the United Kingdom, and the US. According to the report, India carried out 25.5 billion real-time payments compared to 15.7 billion transactions in China.

Recent Trends in the Real-Time Payments Industry-

P2B payments are essential for enabling financial transactions between businesses and their customers. The rise of mobile transactions and e-commerce has greatly influenced the growth of this sector. There are various factors that fuel the growth of P2B payments:

E-commerce growth:
The consistent growth in online shopping and e-commerce transactions has influenced P2B payments. Companies are depending more on effective payment processes to improve customer satisfaction and streamline transactions.

Regulatory reforms:
The P2B structure gained momentum due to changes in regulatory reform. These reforms aim to improve the transparency and security of online transactions, which will benefit both businesses and consumers.

Gig economy impact:
Real-time payments are essential in the gig economy, where jobs are temporary and flexible. In order to better manage their finances, workers in sectors such as food delivery and ride-hailing depend heavily on timely payments.

Cloud-based solutions:
It is worth noting that the popularity of real-time payment solutions hosted in the cloud is increasing. These solutions offer flexibility and provide valuable insights into real-time payments for retailers. The largest retailers in the world are integrating digital payment options, leading to the expansion of the industry.

➡️𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A19437

Segmental Analysis:
Real-Time Payments Industry, Based on Component-
Services
Managed Services
Professional Services
Solution

Real-Time Payments Industry, Based on Deployment Mode-
Cloud
On-premises

Real-Time Payments Industry, Based on Enterprise Size-
Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Real-Time Payments Industry, Based on Industry Vertical-
IT and Telecommunications
BFSI
Government
Retail and e-commerce
Energy and Utilities
Others

Real-Time Payments Industry, Based on Region-
North America (U.S., Canada)
Europe (Germany, UK, France, Spain, Italy, Netherlands, Remaining part of Europe)
Asia-Pacific (India, Japan, Australia, China, Singapore, Remaining part of Asia-Pacific)

LAMEA (Latin America, Middle East, Africa)

Competitive Landscape:

The report analyzes the competitive landscape in the global real-time payments industry, focusing on the diverse strategies implemented by key players to gain a competitive edge. These techniques embody a spectrum of initiatives, including the introduction of innovative products, forming strategic partnerships, executing mergers and acquisitions, and entering into joint agreements. These concerted efforts are crucial to maintain its position in the global sector. Leading entities driving advancements in the global real-time payments sector include:

FIS Inc.
Volante Technologies Inc.
Montran Corp.
Financial Software & Systems Pvt. Ltd.
Mastercard, Inc.
Finastra
Temenos AG
Rapyd
Mindgate Solutions Private Ltd.
PayPal Holdings, Inc.
Visa Inc.
Microsoft Corporation
ACI Worldwide, Inc.
Sila
Cognizant
Fiserv, Inc.
TCS

➡️𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 : https://www.alliedmarketresearch.com/request-for-customization/A19437

Key Benefits for Stakeholders:

The research report offers a detailed analysis of the global real-time payments sector, highlighting current and upcoming trends, as well as potential investment possibilities.
The report presents information on the prime factors affecting the market share of real-time payments worldwide, including key drivers, constraints, and opportunities, and their impact analysis.
Porter's five forces analysis demonstrates the potential of the industry by evaluating the strength of suppliers and buyers.
A detailed analysis of companies including an overview, insights, comparison of products or services, and SWOT analysis for the key market players.

➡️𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞

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https://medium.com/@monikakawade1999/how-are-advances-in-financial-technology-shaping-the-debit-card-industry-be911f2e0c07

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