Real-time Payments Market By Payment Type (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and Others), By Offerings (Solutions and Services), By Deployment Model (On-premise and Cloud), By End-use Vertical (BFSI, Healthcare & Life Sciences, IT & Telecom, Retail & E-commerce, Government, Energy & Utilities, and Others) - Growth, Future Prospects and Competitive Landscape, 2018 – 2026
The global real-time payments market was valued at US$ 6.24 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 14.5% during the forecast period from 2018 to 2026. Real-time payments signifies the most important change to the way funds are moved between bank accounts. Organizations across the globe are transforming their payments infrastructure to ensure that they can respond to the changing market demands cost effectively and quickly. Faster accessibility of funds and money transfer receipts offered by real-time payments is gaining popularity among several end-users as well as service providers.
The widespread adoption of real-time payments around the globe has contributed to an environment in which many merchants, consumers and financial institutions are capable of making payments, settle bills and transfer money at the drop of a hat. The thriving online retail & e-commerce market and growing ubiquity of smart devices is facilitating the adoption of real-time payments worldwide. Increasingly, demanding consumers may be turning to their smartphones when a payment has to be made to the billers, merchants, peers and others.
Globally, a growing number of real-time payments infrastructure and schemes have been established and are being planned and rolled out. Rising investments in real-time payments from the financial and government institutions for adopting the same is further augmenting the growth of the global real-time payments market worldwide. On the other hand, lack of security and increase in the rate of cybercrimes is expected to hinder the market growth.
"Retail & E-commerce Vertical garnered the Largest Market Share in 2017"
In 2017, retail & e-commerce vertical accounted for largest market share in the global real-time payments market and is expected to remain the same in the coming years. Large number of retailers have already adopted real-time payments processing as a replacement for payment cards. Real-time payments are presenting retailers and e-commerce businesses with an opportunity to serve, win, and retain their customers through more efficient, secure and engaging commerce experiences. Real-time payments provide a competitive edge to retail and e-commerce by offering them a faster and cheaper mode of payment.
"Asia Pacific accounted for the Largest Market Share in 2017"
The global real-time payments market, based on geography was led by Asia Pacific in 2017 and is likely to remain dominant throughout the forecast period from 2018 to 2026. Asia Pacific is zooming towards faster and more secure transactions while navigating the region’s mounting regulatory hazards. The rise of mobile banking for corporates and consumers have provided a strong platform for faster payments. Moreover, increasing rate of digitalization and the growing shift towards going cashless is expected to enhance the Asia Pacific real-time payments market growth in the years to come.
Competitive Insights
The major players in the real-time payments market include ACI Worldwide, Inc., Fidelity National Information Services Inc. (FIS), Fiserv, Inc., MasterCard Incorporated, PayPal Holdings, Inc., Visa Inc., Apple Inc., Ant Financial Services Group (Alipay), Temenos AG, Wirecard AG, Global Payments Inc., Capegemini, IntegraPay, Obopay, Ripple, Pelican, Finastra, Nets A/S, Financial Software & Systems Pvt. Ltd., Stripe, Paytm, and Google Pay among others.
Historical & Forecast Period
The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Key questions answered in this report
- What was the market size of real-time payments market in 2017 and forecast up to 2026?
- What are the key factors driving the global real-time payments market?
- What are the key market trends and high-growth opportunities observed in the real-time payments market?
- What are the drivers of the real-time payments market?
- Which is the largest regional market for real-time payments market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the real-time payments market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Real-time Payments Market
2.2. Global Real-time Payments Market, by Payment Type, 2017 (US$ Bn)
2.3. Global Real-time Payments Market, by Offerings, 2017 (US$ Bn)
2.4. Global Real-time Payments Market, by Deployment Model, 2017 (US$ Bn)
2.5. Global Real-time Payments Market, by End-use Vertical, 2017 (US$ Bn)
2.6. Global Real-time Payments Market, by Geography, 2017 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2017
3.4. Market Positioning of Key Players, 2017
3.4.1. Major Strategies Adopted by Key Players
4. Global Real-time Payments Market, by Payment Type , 2016 – 2026 (US$ Bn)
4.1. Overview
4.2. Person-to-Person (P2P)
4.3. Person-to-Business (P2B)
4.4. Business-to-Person (B2P)
4.5. Others (Business-to-Business (B2B), Business-to-Government (B2G), Government-to-Business (G2B), etc.)
5. Global Real-time Payments Market, by Offerings, 2016 – 2026 (US$ Bn)
5.1. Overview
5.2. Solutions
5.3. Services
6. Global Real-time Payments Market, by Deployment Model, 2016 – 2026 (US$ Bn)
6.1. Overview
6.2. On-premise
6.3. Cloud
7. Global Real-time Payments Market, by End-use Vertical, 2016 – 2026 (US$ Bn)
7.1. Overview
7.2. BFSI
7.3. Healthcare & Life Sciences
7.4. IT & Telecom
7.5. Retail & E-commerce
7.6. Government
7.7. Energy & Utilities
7.8. Others (Media & Entertainment, Transport, Education, Manufacturing, etc.)
8. North America Real-time Payments Market Analysis, 2016 – 2026 (US$ Bn)
8.1. Overview
8.1.1. North America Real-time Payments Market Value and Growth, 2016 – 2026, (US$ Bn)
8.2. North America Real-time Payments Market Value, by Payment Type, 2016 – 2026 (US$ Bn)
8.2.1. Market Analysis
8.3. North America Real-time Payments Market Value, by Offerings, 2016 – 2026 (US$ Bn)
8.3.1. Market Analysis
8.4. North America Real-time Payments Market Value, by Deployment Model, 2016 – 2026 (US$ Bn)
8.4.1. Market Analysis
8.5. North America Real-time Payments Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
8.5.1. Market Analysis
8.6. North America Real-time Payments Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Real-time Payments Market Analysis, 2016 – 2026 (US$ Bn)
9.1. Overview
9.1.1. Europe Real-time Payments Market Value and Growth, 2016 – 2026, (US$ Bn)
9.2. Europe Real-time Payments Market Value, by Payment Type, 2016 – 2026 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe Real-time Payments Market Value, by Offerings, 2016 – 2026 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe Real-time Payments Market Value, by Deployment Model, 2016 – 2026 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe Real-time Payments Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe Real-time Payments Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Real-time Payments Market Analysis, 2016 – 2026 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific Real-time Payments Market Value and Growth, 2016 – 2026, (US$ Bn)
10.2. Asia Pacific Real-time Payments Market Value, by Payment Type, 2016 – 2026 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific Real-time Payments Market Value, by Offerings, 2016 – 2026 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific Real-time Payments Market Value, by Deployment Model, 2016 – 2026 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific Real-time Payments Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific Real-time Payments Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Real-time Payments Market Analysis, 2016 – 2026 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World Real-time Payments Market Value and Growth, 2016 – 2026, (US$ Bn)
11.2. Rest of the World Real-time Payments Market Value, by Payment Type, 2016 – 2026 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World Real-time Payments Market Value, by Offerings, 2016 – 2026 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World Real-time Payments Market Value, by Deployment Model, 2016 – 2026 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World Real-time Payments Market Value, by End-use Vertical, 2016 – 2026 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World Real-time Payments Market Value, by Region, 2016 – 2026 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. ACI Worldwide, Inc.
12.2. Fidelity National Information Services Inc. (FIS)
12.3. Fiserv, Inc.
12.4. MasterCard Incorporated
12.5. PayPal Holdings, Inc.
12.6. Visa Inc.
12.7. Apple Inc.
12.8. Ant Financial Services Group (Alipay)
12.9. Temenos AG
12.10. Wirecard AG
12.11. Global Payments Inc.
12.12. Capegemini
12.13. IntegraPay
12.14. Obapay
12.15. Ripple
12.16. Pelican
12.17. Finastra
12.18. Nets A/S
12.19. Financial Software & Systems Pvt. Ltd.
12.20. Stripe
12.21. Paytm
12.22. Google Pay
TABLE 1 Market Snapshot: Global Real-time Payments Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global Real-time Payments Market, by Payment Type, 2016 - 2026 (US$ Bn)
TABLE 5 Global Real-time Payments Market, by Offerings, 2016 - 2026 (US$ Bn)
TABLE 6 Global Real-time Payments Market, by Deployment Model, 2016 - 2026 (US$ Bn)
TABLE 7 Global Real-time Payments Market, by End-use Vertical, 2016 - 2026 (US$ Bn)
TABLE 8 Global Real-time Payments Market, by Geography, 2016 - 2026 (US$ Bn)
TABLE 9 North America Real-time Payments Market, by Payment Type, 2016-2026 (US$ Bn)
TABLE 10 North America Real-time Payments Market, by Offerings, 2016 – 2026 (US$ Bn)
TABLE 11 North America Real-time Payments Market, by Deployment Model, 2016 - 2026 (US$ Bn)
TABLE 12 North America Real-time Payments Market, by End-use Vertical, 2016 - 2026 (US$ Mn)
TABLE 13 North America Real-time Payments Market Value, by Region/Country, 2016 - 2026 (US$ Bn)
TABLE 14 Europe Real-time Payments Market, by Payment Type, 2016-2026 (US$ Bn)
TABLE 15 Europe Real-time Payments Market, by Offerings, 2016 – 2026 (US$ Bn)
TABLE 16 Europe Real-time Payments Market, by Deployment Model, 2016 - 2026 (US$ Bn)
TABLE 17 Europe Real-time Payments Market, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 18 Europe Real-time Payments Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
TABLE 19 Asia Pacific Real-time Payments Market, by Payment Type, 2016-2026 (US$ Bn)
TABLE 20 Asia Pacific Real-time Payments Market, by Offerings, 2016 – 2026 (US$ Bn)
TABLE 21 Asia Pacific Real-time Payments Market, by Deployment Model, 2016 -2026 (US$ Bn)
TABLE 22 Asia Pacific Real-time Payments Market, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 23 Asia Pacific Real-time Payments Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
TABLE 24 Rest of the World Real-time Payments Market, by Payment Type, 2016 - 2026 (US$ Bn)
TABLE 25 Rest of the World Real-time Payments Market, by Offerings, 2016 – 2026 (US$ Bn)
TABLE 26 Rest of the World Real-time Payments Market, by Deployment Model, 2016 - 2026 (US$ Bn)
TABLE 27 Rest of the World Real-time Payments Market, by End-use Vertical, 2016 – 2026 (US$ Bn)
TABLE 28 Rest of the World Real-time Payments Market Value, by Region, 2016 - 2026 (US$ Bn)
TABLE 29 ACI Worldwide, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Fidelity National Information Services Inc. (FIS): Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Fiserv, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 MasterCard Incorporated: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 PayPal Holdings, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Visa Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 Apple Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Ant Financial Services Group (Alipay): Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 Temenos AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 Wirecard AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 39 Global Payments Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 40 Capegemini: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 41 IntegraPay: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 42 Obopay: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 43 Ripple: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 44 Pelican: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 45 Finastra: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 46 Net A/S: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 47 Financial Software & Systems Pvt. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 48 Stripe: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 49 Paytm: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 50 Google Pay: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Real-time Payments Market: Research Methodology
FIG. 2 Market Offerings Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global Real-time Payments Market Segmentation
FIG. 4 Global Real-time Payments Market, by Payment Type, 2017 (US$ Bn)
FIG. 5 Global Real-time Payments Market, by Offerings, 2017 (US$ Bn)
FIG. 6 Global Real-time Payments Market, by Deployment Model, 2017 (US$ Bn)
FIG. 7 Global Real-time Payments Market, by End-use Vertical, 2017 (US$ Bn)
FIG. 8 Global Real-time Payments Market, by Geography, 2017 (US$ Bn)
FIG. 9 Global Real-time Payments Market Value, 2016 - 2026, (US$ Bn) and (Y-o-Y%)
FIG. 10 Attractive Investment Proposition, by Geography, 2017
FIG. 11 Global Market Positioning of Key Real-time Payments Providers, 2017
FIG. 12 Global Real-time Payments Market Value Share, by Payment Type, 2017 & 2026 (Value %)
FIG. 13 Global Person-to-Person (P2P) Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 14 Global Person-to-Business (P2B) Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 15 Global Business-to-Person (B2P) Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 16 Global Real-time Payments Market Value for Others, 2016 – 2026, (US$ Bn)
FIG. 17 Global Real-time Payments Market Value Share, by Offerings, 2017 & 2026 (Value %)
FIG. 18 Global Real-time Payments Market Value for Solutions, 2016 – 2026, (US$ Bn)
FIG. 19 Global Real-time Payments Market Value for Services, 2016 – 2026, (US$ Bn)
FIG. 20 Global Real-time Payments Market Value Share, by Deployment Model, 2017 & 2026 (Value %)
FIG. 21 Global On-premise Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 22 Global Cloud Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 23 Global Real-time Payments Market Value Share, by End-use Vertical, 2017 & 2026 (Value %)
FIG. 24 Global Real-time Payments Market Value for BFSI, 2016 – 2026, (US$ Bn)
FIG. 25 Global Real-time Payments Market Value for Healthcare & Life Sciences, 2016 – 2026, (US$ Bn)
FIG. 26 Global Real-time Payments Market Value for IT & Telecom, 2016 – 2026, (US$ Bn)
FIG. 27 Global Real-time Payments Market Value for Retail & E-commerce, 2016 – 2026, (US$ Bn)
FIG. 28 Global Real-time Payments Market Value for Government, 2016 – 2026, (US$ Bn)
FIG. 29 Global Real-time Payments Market Value for Energy & Utilities, 2016 – 2026, (US$ Bn)
FIG. 30 Global Real-time Payments Market Value for Others, 2016 – 2026, (US$ Bn)
FIG. 31 North America Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 32 Europe Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 33 Asia Pacific Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
FIG. 34 RoW Real-time Payments Market Value, 2016 – 2026, (US$ Bn)
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