[February 10, 2021]

Global Real-Time Payments Market Report 2021-2026: Bank Led Operating Organisations are Expected to Experience a Major Market Growth - ResearchAndMarkets.com

The "Real-Time Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The real-time payments market is expected to register a CAGR of 29.8% during the forecast period 2021-2026.

The real-time payments typically focus on low-value retail payment systems (RPS); they differ from real-time gross settlement systems (RTGS) and distributed ledger payment systems.

In addition to meeting the demands and expectations, real-time payments have generated interest from the regulators, competition authorities and payment service providers alike. Regulators believe that instant payments will expand access to banking services, support economic growth, provide alternatives to Visa/Mastercard networks and reduce the use of cash and cheques.

The increased penetration of smartphones has meant that currently, customer expectations are high. Individuals expect to be able to make a payment anywhere and at any time, including during evening hours, weekends and on public holidays. They also want to be able to pay for and receive their purchases as fast as possible. Suppliers, on the other hand, want the certainty of payment as soon they release their goods and services. These demands have come into place due to the increased adoption rates of smartphones.

The reliance on traditional banking has fallen dramatically in the past, with customers demanding more convenience and flexibility. There has been an emergence of new fin-tech payment providers. This has led to a huge boost to the real-time payments market.

Lack of Interoperability has affected the market adversely. It has caused the uneasiness amongst the users and thus, restricted the adoption rates of te technology.

Key Market Trends

Bank Led Operating Organisations are Expected to Experience a Major Market Growth

• The distinguishing factor has been the partnership between private sector enterprises that have developed to help modernize the overall ecosystem in the absence of a centrally mandated plan. Not only do these schemes offer a strong value proposition, but they are also developed to enable interoperability to drive ubiquity. In the case of P2P transfers, the linkages with the bank promote the feeling of security in the users.
• Neither banks nor fin-techs can address the global payment market needs alone. Although fin-techs have proven aptitude for technological development, they often lack the industry expertise, working capital, and established client trust that banks have acquired over decades. It is through partnerships, banks, and fin-techs leveraging each other's strengths that payments can be optimized through digitalization.
• Collaborating with clients from an earlier stage is of great importance when developing innovative solutions. Given this, innovation centers physical hubs where banks, fin-techs, and clients can work together to identify and develop transformative solutions - are pivotal to fostering client-centered collaboration.

Competitive Landscape

With the consumer preferences changing rapidly, the market has become a lucrative option and thus, have attracted huge amount of investments. Due to the huge growth potential, the market is moving towards fragmentation due to the new entrants. The service providers are engaging in partnerships to promote product innovation.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increased Smartphone Penetration

4.3.2 Falling Reliance on Traditional Banking

4.4 Market Restraints

4.4.1 Lack of Interoperability

4.5 Industry Attractiveness - Porter's Five Force Analysis

4.6 Technology Snapshot

4.6.1 By Hours of Operation

4.6.1.1 24*7

4.6.1.2 Business Hours

5 MARKET SEGMENTATION

5.1 By Transaction Types

5.1.1 P2B

5.1.2 B2B

5.1.3 P2P

5.2 By Type of Operating Organization

5.2.1 Bank Led

5.2.2 No-bank Led

5.3 By End-user Industry

5.3.1 IT & Telecommunications

5.3.2 Retail

5.3.3 BFSI

5.3.4 Utilities

5.3.5 Other End-user Industries

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 ACI Worldwide (News - Alert), Inc.

6.1.2 Fiserv, Inc.

6.1.3 Paypal Holdings Inc.

6.1.4 Mastercard Inc.

6.1.5 FIS Global

6.1.6 VISA Inc.

6.1.7 Apple (News - Alert) Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/we3wot

View source version on businesswire.com: https://www.businesswire.com/news/home/20210210005652/en/

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