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Real-Time Payments Market Size Worth $39.02 Billion by 2025: Grand View Research, Inc.
[April 02, 2019]

Real-Time Payments Market Size Worth $39.02 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, April 2, 2019 /PRNewswire/ -- The global real-time payments market size is estimated to reach at USD 39.02 billion by 2025 registering a CAGR of 29.3%, according to a new study by Grand View Research, Inc. Real-time payments are digital/electronic payments that allow the immediate transfer of funds in real time through a secured payment gateway. Growing e-commerce sector and adoption of smartphones coupled with the rising need for fast and convenient payment solutions in large and Small & Medium Enterprises (SMEs), are anticipated to fuel the RTP market expansion.


Key suggestions from the report:

  • The Asia Pacific regional market accounted for the largest share in the past and is anticipated to witness the highest CAGR over the forecast period
  • This growth can be attributed to the increasing number of new instant payment providers and government initiatives to promote digital payments
  • Retail and consumer goods industry held the largest market share in the past and is expected to register the maximum CAGR during the forecast years
  • This growth is mainly due to high demand for instant payment solutions from of large- and small-sized e-retailers and merchants
  • Prominent companies in the market are Finastra; MasterCard, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Fiserv, Inc.; ACI Worldwide, Inc.; and Visa, Inc.
  • These companies focus more on M&A to enhance product and services portfolios and expand regional presence

Read 101 page research report with TOC on "Real-Time Payments Market Size, Share & Trends Analysis Report By End-use Industry, By Nature of Payment (P2B, B2B, P2P), By Enterprise Size (Large, SME), By Component, By Deployment, And Segment Forecasts, 2019 - 2025" at:

The real time payments infrastructure can significantly enhance the payments' stakeholders experience of disbursements and refunds – a frequent issue for merchants and consumers alike as card refunds generally take at least a few days to process and clear. Real-time payments solutions are being widely adopted across various industries, such as retail and e-commerce, BFSI, and IT & telecom, owing to their benefits in terms of speed, security, and transparency. Rising demand for advanced analytics for payment-related data from merchants and corporate users is also driving the market.

Moreover, availability of advanced online payment systems, such as Google Pay, Apple Pay, and Samsung Pay, and rising adoption of such solutions by large e-commerce retailers are expected to lead the market growth over theforecast period. Additionally, favorable government initiatives about digital payments across emerging economies, such as India, and China, are estimated to create significant opportunities for market entrants. The Asia Pacific market is anticipated to witness a significant expansion over the forecast period due to increasing e-commerce sales and adoption of smartphones.

Key companies in the market focus on M&A to enhance their product portfolios, expand geographical presence, and consumer base to deliver RTP solutions across various industries. For instance, in June 2016, MasterCard Inc. acquired VocaLink Holdings Ltd. (92.4% stakes) for a deal worth USD 920 million, which allowed MasterCard to strengthen its role in the U.K. payments ecosystem. However, growing cybersecurity concerns and lack of network interoperability among multiple payment-related schemes, such as Automated Clearing House (ACH) and Society for Worldwide Interbank Financial Telecommunications (SWIFT), could hamper the market growth.

Grand View Research has segmented the global real-time payments market on the basis of nature of payment, component, deployment, enterprise size, end-use industry, and region:

  • RTP Nature of Payment Outlook (Revenue, USD Million, 2015 - 2025)
    • P2B
    • B2B
    • P2P
    • Others
  • RTP Component Outlook (Revenue, USD Million, 2015 - 2025)
    • Solutions
    • Payment Gateway
    • Payment Processing
    • Security & Fraud Management
    • Services
    • Advisory Services
    • Integration & Implementation Services
    • Managed Services
  • RTP Deployment Outlook (Revenue, USD Million, 2015 - 2025)
    • On-Premises
    • Cloud-Based
  • RTP Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)
    • Large Enterprises
    • Small & Medium Enterprises (SMEs)
  • RTP End-use Industry Outlook (Revenue, USD Million, 2015 - 2025)
    • Retail & E-Commerce
    • BFSI
    • IT & Telecom
    • Travel & Tourism
    • Healthcare
    • Government
    • Energy & Utilities
    • Others
  • RTP Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Sweden
      • Denmark
      • Switzerland
    • Asia Pacific
      • China
      • India
      • Japan
      • Singapore
    • South America
      • Brazil
      • Argentina
    • MEA (Middle East & Africa)

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

  • Global E-Book Market – Global e-book market is expected to witness growth owing to increasing reach and convenience offered and is gradually expected to replace traditional reading methods. The printed book market is expected to lose market share, due to digitization of books and its accessibility over the internet.
  • Hydrographic Equipment Market – Hydrographic survey is a process used to measure and describe the physical features of the navigable earth's surface such as oceans, lakes and rivers. The equipments used in such surveys are known as hydrographic equipments. Hydrographic technology earlier consisted of hardware setup to connect with the satellites for receiving information.
  • Managed Services Market – Outsourcing day-to-day management functions from a third party are known as managed services. Technological proliferation and advancement of cloud based technology has mainly led to the development of managed services (MS).

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


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