Real Time Payments Market: By Nature of Payment (Business-to-Person (B2P), Person-to-Business (P2B), Person-to-Person (P2P) and Others), By Component (Services and Solutions), By Deployment Mode (Cloud-Based and On-Premises), By Enterprise Size (Small and Medium-Sized Enterprises (SMEs) and Large Enterprises), By End User (Banking, Financial Services and Insurance (BFSI), Energy & Utilities, Government, Healthcare, IT & Telecom, Retail & E-commerce, Travel & Tourism and Others) and Geography  

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Real Time Payments Market size was valued at 9.3 billion in 2023 and is poised to grow at a CAGR of 28.9% from 2024-2030. Some of the key factors fueling the market growth include high usage of smartphones, government initiatives are quickening the acceptance of real time payments solutions, rising volumes of cashless transactions, increasing focus of governments on developing their own RTP systems across each country, progressive changes in regulatory framework and growing use of real time payments across diverse industry verticals. However, growing market competition and lack of interoperability between schemes are the major factors hindering the market growth. Countries around the world are moving to real-time payments (RTP) as businesses and consumers are looking for ways to send and receive money in a more effective, secure and faster way to accomplish near-real-time exchange of funds. In some of these countries, faster payment networks are enabling transactions to clear in minutes or even seconds, supported by common standards and economic incentives to participate. The growing ubiquity of smart devices and booming online retail commerce in markets is driving the rapid adoption of real-time payments.  

Real Time Payments Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

28.9%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Real Time Payments Market Dynamics

The mass acceptance of real-time payment systems around the globe has contributed to an environment in which many merchants, consumers and financial institutions anticipate to be able to pay friends and customers, settle bills, and transfer money at the drop of a hat. While the concept of paying now is not a new one cash is an immediate payment transaction instrument after all the growth of real-time payment options has aided build a new standard among consumers. This new standard is motivating change for traditional payment type's checks, credit, debit, prepaid, and the like as consumers have generally come to expect faster settlement periods.

Real Time Payments Market Segmentation

By Nature of Payment
  • Business-to-Person (B2P)
  • Person-to-Business (P2B)
  • Person-to-Person (P2P)
  • Others
By Component
  • Services
  • Managed Services
  • Integration & Implementation Services
  • Advisory Services
  • Solutions
  • Security & Fraud Management
  • Payment processing
  • Payment Gateway
By Deployment Mode
  • Cloud-Based
  • On-Premises
By End User
  • Banking, Financial Services and Insurance (BFSI)
  • Energy & Utilities
  • Government
  • Healthcare
  • IT & Telecom
  • Retail & E-commerce
  • Travel & Tourism
  • Others

Frequently Asked Questions

The Real-Time Payments Market Size was valued at 9.3 billion in 2023

The Real-Time Payments Market Key players are SIA, Ripple, REPAY, PayPal, Nets, Visa, Mastercard, Intelligent Payments

American Express, Visa, Mastercard, PayPal

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  1. Executive Summary
  2. Global Real-Time Payments Market Introduction
    • Global Real-Time Payments Market Taxonomy
    • Global Real-Time Payments Market Definitions
      • Nature of Payment
      • Component
      • Deployment Mode
      • Enterprise Size
      • End User
  3. Global Real-Time Payments Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Real-Time Payments Market Dynamic Factors - Impact Analysis
    • Global Real-Time Payments Market Competition Landscape
  4. Global Real-Time Payments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Real-Time Payments Market, By Nature of Payment, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Business-to-Person (B2P)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Person-to-Business (P2B)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Person-to-Person (P2P)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)ion Coatings
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)ion Coatings
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Component, 2019 - 2023 and Forecast, 2024 - 2030
    • Services
      • Managed Services
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Integration & Implementation Services
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Advisory Services
        • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Solutions
        • Security & Fraud Management
          • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Payment processing
          • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Payment Gateway
          • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Deployment Mode, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Cloud-Based
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • On-Premises
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Enterprise Size, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Small and Medium-Sized Enterprises (SMEs)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Large Enterprises
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Banking, Financial Services and Insurance (BFSI)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Energy & Utilities
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Government
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • IT & Telecom
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail & E-commerce
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Travel & Tourism
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Real-Time Payments Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Real-Time Payments Market - Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Region, 2024 - 2030
  2. North America Real-Time Payments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Nature of Payment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US
        • Canada
      • North America Real-Time Payments Market - Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2024 - 2030
      • North America Real-Time Payments Market Dynamics Trends
  1. Europe Real-Time Payments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Nature of Payment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Real-Time Payments Market - Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2024 - 2030
      • Europe Real-Time Payments Market Dynamics Trends
  1. Asia-Pacific Real-Time Payments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Nature of Payment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Real-Time Payments Market - Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2024 - 2030
      • Asia-Pacific Real-Time Payments Market Dynamics Trends
  1. Latin America Real-Time Payments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Nature of Payment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Real-Time Payments Market - Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2024 - 2030
      • Latin America Real-Time Payments Market Dynamics Trends
  1. Middle East and Africa Real-Time Payments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Nature of Payment Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Business-to-Person (B2P)
      • Person-to-Business (P2B)
      • Person-to-Person (P2P)
      • Others
    • Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Services
        • Managed Services
        • Integration & Implementation Services
        • Advisory Services
      • Solutions
        • Security & Fraud Management
        • Payment processing
        • Payment Gateway
      • Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Cloud-Based
        • On-Premises
      • Enterprise Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
        • Small and Medium-Sized Enterprises (SMEs)
        • Large Enterprises
      • End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Banking, Financial Services and Insurance (BFSI)
        • Energy & Utilities
        • Government
        • Healthcare
        • IT & Telecom
        • Retail & E-commerce
        • Travel & Tourism
        • Others
      • Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Real-Time Payments Market - Opportunity Analysis Index, By Nature of Payment, Component, Deployment Mode, Enterprise Size, End User, and Country, 2024 - 2030
      • MEA Real-Time Payments Market Dynamics Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Nature of Payment & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • SIA
      • Ripple
      • REPAY
      • PayPal
      • Nets
      • Visa
      • Mastercard
      • Intelligent Payments
      • IntegraPay
      • Icon Solutions
      • Global Payments
      • Capegemini
      • Apple
      • Alipay (Ant Financial)
      • ACI Worldwide
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • SIA
  • Ripple
  • REPAY
  • PayPal
  • Nets
  • Visa
  • Mastercard
  • Intelligent Payments
  • IntegraPay
  • Icon Solutions
  • Global Payments
  • Capegemini
  • Apple
  • Alipay (Ant Financial)
  • ACI Worldwide

Adjacent Markets