Global Real Time Payments Market To Power Swiftly And Reach USD 27 Billion By 2025

As per Zion Market Research, the global market for real time payments is predicted to reach USD 27 billion by 2025 from USD 7.3 billion in 2019, at a CAGR of almost 32%. Major players in the global market for real time payments comprise REPAY, ACI Worldwide, Fiserv, FIS, Worldline, Mastercard, Visa, PayPal, Ant Financial, Apple, Temenos, INTELLIGENT PAYMENTS, Global Payments, Wirecard, IntegraPay, Capgemini, Obopay, SIA, Pelican, Ripple, Nets, Finastra, Montran, FSS, and Icon Solutions.

The E-Commerce And Retail Vertical Predicted To Have The Biggest Market Size And Develop At The Max CAGR In The Years To Come

The e-commerce and retail vertical is predicted to have the biggest size for the real time payments market and develop at the max CAGR in the years to come. The huge requirement for instant payment settlements from merchants and retailers has resulted in the utmost acceptance real time payments and the related offerings. Real time payments offer an advantage to e-commerce and retail businesses by providing them a faster and cheaper payment mode. In addition to this, users prefer online shopping owing to the rising incorporation of mobiles in their shopping behaviors.

Asia Pacific Predicted To Have The Biggest Market Size And Develop At The Max CAGR In The Years To Come

Based on regions, the global market for real time payments has been divided into Middle East and Africa, North America, Asia Pacific, Europe, and Latin America. Asia Pacific is predicted to hold the biggest size of the global market and increase at the max CAGR in the years to come. In the Asia Pacific area, the development speed can be credited to different factors, comprising the acceptance of economic developments, enhanced techs, high investments by real time payments service and solution suppliers, and increasing rate of digitalization. The driving factors for the development of the market in this area comprise the huge population in this area that adds to the amount of transactions, and the international and domestic businesses that are spending in this area.

Browse the full “Real-Time Payments Market, By Payment Type (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), Business-to-Business (B2B), Others) By Deployment Mode (On-Premises and Cloud) By component (Services (Managed Services, Professional Services) and Solutions (Payment Processing Solution, Payment Gateway Solution, Payment Security Solution, Fraud Management Solution)) By Application (Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) and Telecom, Healthcare and Education, Manufacturing and Transportation, Government and Utilities, Construction and Retail, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/real-time-payments-market

The global real-time payments market is segmented as follows:

By nature of payment

• Person-to-Person (P2P)
• Person-to-Business (P2B)
• Business-to-Person (B2P)
• Others (Business-to-Government (B2G), Government-to-Business (G2B), Business-to-Business (B2B), Person-to-Government (P2G), and Government-to-Person (G2P))

By components

• Solutions
  • Payment Gateway Solution
  • Payment Processing Solution
  • Payment Security and Fraud Management Solution
• Services
  • Professional Services
  • Managed Services

By deployment modes

• On-premises
• Cloud

By enterprise size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By verticals

• BFSI
• IT and Telecommunications
• Retail and e-commerce
• Government
• Energy and Utilities
• Others (Healthcare and Life Sciences, Media and Entertainment, Manufacturing, Transport, Travel and Hospitality, and Education)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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