Faster Payment Service (FPS) Market to Exhibit a Remarkable CAGR of 29.10% by 2029, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Global faster payment service (FPS) market was valued at USD 543.5 million in 2021 and is expected to reach USD 4,193.82 million by 2029, registering a CAGR of 29.10% during the forecast period of 2022-2029.

A faster payment service (FPS) refers to a digital and contactless payment solution that allows payment made by one party to the other for purchasing goods and services. A digital payment results in debited the amount from the payer's account and crediting the same amount to the payee's account. A faster payment service eliminates the hassle of carrying hard cash, reducing money theft to minimal.

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Some of the major players operating in the faster payment service (FPS) market are ACI Worldwide (U.S.), FIS (U.S.), Fiserv, Inc. (U.S.), wirecard (U.S.), Mastercard (U.S.), Temenos Headquarters SA (U.S.), Global Payments Inc. (U.S.), Capgemini (France), Icon Solutions Ltd (U.K.), M & A Ventures, LLC (U.S.), PAYRIX. (Australia), Nexi Payments SpA (Italy), Obopay (U.S.), Ripple (U.S.), Pelican / ACE Software Solutions Inc. (U.K.), Finastra. (U.K.), Nets A/S (Denmark), Financial Software & Systems Pvt. Ltd. (India), Montran (India), Visa Inc. (U.S.) among others.

Competitive Landscape and Faster Payment Service (FPS) Market Share Analysis :

The faster payment service (FPS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to faster payment service (FPS) market.

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