Global Real Time Payment Market By Nature of Payment (P2P, P2B, B2P), By Component (Solutions, Services), By Deployment Mode (On-Premise, Cloud), By End User (BFSI, IT & Telecommunication, Retail & Ecommerce, Government, Energy & Utilities, Others), By Company, By Region, Competition, Forecast & Opportunities, 2024

Published Date: January - 2025 | Publisher: MIR | No of Pages: 320 | Industry: BFSI | Format: Report available in PDF / Excel Format

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Global Real Time Payment Market By Nature of Payment (P2P, P2B, B2P), By Component (Solutions, Services), By Deployment Mode (On-Premise, Cloud), By End User (BFSI, IT & Telecommunication, Retail & Ecommerce, Government, Energy & Utilities, Others), By Company, By Region, Competition, Forecast & Opportunities, 2024

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The global real-time payments market size was valued at USD 18.29 billion in 2023 and is projected to grow from USD 24.91 billion in 2024 to USD 284.49 billion by 2032, exhibiting a CAGR of 35.4% during the forecast period. North America dominated the real-time payments market with a market share of 11.26% in 2023.

Global Real Time Payment market is expected to grow at a robust CAGR of around 30% during the forecast period. The global real time payment market is driven by the growing number of mobile phone users and increasing traction for instant payment transfers among population. Additionally, increasing cashless transactions, and increasing popularity of internet and mobile banking among the population is further projected to propel the growth of market during the next five years.

The Global Real Time Payment market is segmented based on nature of payment, component, deployment mode, end user, company and region. Based on nature of payment, the market can be categorized into P2P, P2B, B2P. The P2B segment is expected to hold a significant market share owing to the growing volume of digital real time transactions. Based on component, the market can be bifurcated into solutions and services. The solutions segment is expected to dominate the market attributable to the growing customer preference for digital transactions, which has led to new reforms and regulations that make it necessary for banks and organizations across a number of industries to adopt Real Time Payment gateway, instant payment processing solutions, among others. Based on deployment mode, the market can be divided into on-premise and cloud. The on-premise segment dominates the market on account of high implementation of on-premise real time payment solutions across large enterprises to procure and access data securely within their premises.

Regionally, the Real Time Payment market

The major players operating in the Real Time Payment market are ACI Worldwide, Inc., Mastercard Incorporated, Visa Inc., PayPal Holdings, Inc., Fiserv, Inc., Fidelity National Information Services, Inc. (FIS Inc.), Wirecard AG, Worldpay, Inc., Montran Corporation, Volante Technologies Inc. and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, In August 2018, ACI Worldwide partnered with SPAN Enterprises, a cloud-based software company, to boost payments and enhance the customer experience in the transportation industry by deploying ACI’s Official Payments, an IRS tax payment system.

Years considered for this report

Historical Years2014-2017

Base Year2018

Estimated Year2019

Forecast Period2020–2024

Objective of the Study

  • To analyze and forecast the market size of global Real Time Payments market.
  • To classify and forecast global Real Time Payment market based on nature of payment, component, deployment mode, end user, company and regional distribution.
  • To identify drivers and challenges for global Real Time Payment market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Real Time Payment market.
  • To conduct pricing analysis for global Real Time Payment market.
  • To identify and analyze the profile of leading players operating in global Real Time Payments market.

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MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of manufacturers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the manufacturers which could not be identified due to the limitations of secondary research. MIR analyzed the manufacturers, distribution channels and presence of all major players across the globe.

MIR calculated the market size of

Key Target Audience

  • Real Time Payment manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Real Time Payment

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Key players

  • Wirecard A leading supplier of online banking payment services 
  • Mastercard A company that offers real-time payment systems 
  • ACI Worldwide Inc. A company involved in the real-time payments market 
  • Fiserv Inc. A company involved in the real-time payments market 
  • Paypal Holdings Inc. A company involved in the real-time payments market 
  • Visa Inc. A company involved in the real-time payments market 

Table of Content

Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources
                   1.4 List of Acronyms
Chapter 2 Executive Summary
                   2.1 Market Snapshot
                   2.2 Segment Snapshot
                   2.3 Competitive Landscape Snapshot
Chapter 3 Real-Time Payments Industry Outlook
                   3.1 Market Segmentation and Scope
                   3.2 Real-Time Payments Market - Value Chain Analysis
                   3.3 Real-Time Payments Market Dynamics
                       3.3.1 Market driver analysis
                           3.3.1.1 Increased operational efficiency:
                           3.3.1.2 Increasing demand for mobile payments:
                           3.3.1.3 Increasing demand for payment solutions from customers and merchants
                           3.3.1.4 Government initiatives to promote digital payments
                       3.3.2 Market challenge analysis
                       3.3.3 Security concerns related to real-time payments
                       3.3.4 Market opportunity analysis
                           3.3.4.1 Use of data analytics to improve customer experience
                   3.4 Real-Time Payments Market - Porter's Five Forces Analysis
                   3.5 Real-Time Payments Market - PEST Analysis
Chapter 4 Real-Time Payments: Payment Type Outlook
                   4.1 Real-Time Payments Market, By Payment Type, 2022 & 2030
                   4.2 P2B Real-Time Payments
                       4.2.1 P2B real-time payments market, 2017 - 2030
                           4.2.1.1 P2B real-time payments market, by region, 2017 - 2030
                   4.3 B2B Real-Time Payments
                       4.3.1 B2B real-time payments market, by region, 2017 - 2030
                           4.3.1.1 B2B real-time payments market, by region, 2017 - 2030
                   4.4 P2P Real-Time Payments
                       4.4.1 P2P real-time payments market, 2017 - 2030
                           4.4.1.1 P2P real-time payments market, by region, 2017 - 2030
                   4.5 Others
                       4.5.1 Others real-time payments market, 2017 - 2030
                           4.5.1.1 Others real-time payments market, by region, 2017 - 2030
Chapter 5 Real-Time Payments: Component Outlook
                   5.1 Real-Time Payments Market, By Component Type, 2022 & 2030
                   5.2 Solutions
                       5.2.1 Solutions real-time payments market, 2017 - 2030
                           5.2.1.1 Solutions real-time payments market, by region, 2017 - 2030
                       5.2.2 Payments gateway real-time payments market, 2017 - 2030
                           5.2.2.1 Payments gateway real-time payments market, by region, 2017 - 2030
                       5.2.3 Payments processing real-time payments market, 2017 - 2030
                           5.2.3.1 Payments processing real-time payments market, by region, 2017 - 2030
                       5.2.4 Security & fraud management real-time payments market, 2017 - 2030
                           5.2.4.1 Security & fraud management real-time payments market, by region, 2017 - 2030
                   5.3 Services
                       5.3.1 Services real-time payments market, 2017 - 2030
                           5.3.1.1 Services real-time payments market, by region, 2017 - 2030
                       5.3.2 Advisory services real-time payments market, 2017 - 2030
                           5.3.2.1 Advisory services real-time payments market, by region, 2017 - 2030
                       5.3.3 Integration & implementation services real-time payments market, 2017 - 2030
                           5.3.3.1 Integration & implementation services real-time payments market, by region, 2017 - 2030
                       5.3.4 Managed services real-time payments market, 2017 - 2030
                           5.3.4.1 Managed services real-time payments market, by region, 2017 - 2030
Chapter 6 Real-Time Payments: Deployment Outlook
                   6.1 Real-Time Payments Market, By Deployment, 2022 & 2030
                   6.2 On-premises
                       6.2.1 On-premise market, 2017 - 2030
                           6.2.1.1 On-premises market, by region, 2017 - 2030
                   6.3 Cloud-based
                       6.3.1 Cloud-based market, 2017 - 2030
                           6.3.1.1 Cloud-based market, by region, 2017 - 2030
Chapter 7 Real-Time Payments: Enterprise Size Outlook
                   7.1 Real-Time Payments Market, By Enterprise Size, 2022 & 2030
                   7.2 Large Enterprise
                       7.2.1 Large enterprises market, 2017 - 2030
                           7.2.1.1 Large enterprises market, by region, 2017 - 2030
                   7.3 Small & Medium Enterprises
                       7.3.1 Small & medium enterprises market, 2017 - 2030
                           7.3.1.1 Small & medium enterprises market, by region, 2017 - 2030
Chapter 8 Real-Time Payments: End-use Industry Outlook
                   8.1 Real-Time Payments Market, By End-use Industry, 2022 & 2030
                   8.2 Retail & E-commerce
                       8.2.1 Retail & e-commerce market, 2017 - 2030
                           8.2.1.1 Retail & e-commerce market, by region, 2017 - 2030
                   8.3 BFSI
                       8.3.1 BFSI market, 2017 - 2030
                           8.3.1.1 BFSI market, by region, 2017 - 2030
                   8.4 IT & Telecom
                       8.4.1 IT & telecom market, 2017 - 2030
                           8.4.1.1 IT & telecom market, by region, 2017 - 2030
                   8.5 Travel & Tourism
                       8.5.1 Travel & tourism market, 2017 - 2030
                           8.5.1.1 Travel & tourism market, by region, 2017 - 2030
                   8.6 Healthcare
                       8.6.1 Healthcare market, 2017 - 2030
                           8.6.1.1 Healthcare market, by region, 2017 - 2030
                   8.7 Government
                       8.7.1 Government market, 2017 - 2030
                           8.7.1.1 Government market, by region, 2017 - 2030
                   8.8 Energy & Utilities
                       8.8.1 Energy & utilities market, 2017 - 2030
                           8.8.1.1 Energy & utilities market, by region, 2017 - 2030
                   8.9 Others
                       8.9.1 Others market, 2017 - 2030
                           8.9.1.1 Others market, by region, 2017 - 2030
Chapter 9 Real-Time Payments: Regional Outlook
                   9.1 Real-Time Payments, By Region, 2022 & 2030
                   9.2 North America
                       9.2.1 North America real-time payments market, by payments type, 2017 - 2030
                       9.2.2 North America real-time payments market, by component, 2017 - 2030
                       9.2.3 North America real-time payments market, by deployment, 2017 – 2030
                       9.2.4 North America real-time payments market, by enterprise size, 2017 – 2030
                       9.2.5 North America real-time payments market, by end-use industry, 2017 – 2030
                       9.2.6 U.S.
                           9.2.6.1 U.S. real-time payments market, by payments type, 2017 – 2030
                           9.2.6.2 U.S. real-time payments market, by component, 2017 – 2030
                           9.2.6.3 U.S. real-time payments market, by deployment, 2017 – 2030
                           9.2.6.4 U.S. real-time payments market, by enterprise size, 2017 – 2030
                           9.2.6.5 U.S. real-time payments market, by end-use industry, 2017 – 2030
                       9.2.7 Canada
                           9.2.7.1 Canada real-time payments market, by payments type, 2017 – 2030
                           9.2.7.2 Canada real-time payments market, by component, 2017 – 2030
                           9.2.7.3 Canada real-time payments market, by deployment, 2017 – 2030
                           9.2.7.4 Canada real-time payments market, by enterprise size, 2017 – 2030
                           9.2.7.5 Canada real-time payments market, by end-use industry, 2017 – 2030
                       9.2.8 Mexico
                           9.2.8.1 Mexico real-time payments market, by payments type, 2017 – 2030
                           9.2.8.2 Mexico real-time payments market, by component, 2017 – 2030
                           9.2.8.3 Mexico real-time payments market, by deployment, 2017 – 2030
                           9.2.8.4 Mexico real-time payments market, by enterprise size, 2017 – 2030
                           9.2.8.5 Mexico real-time payments market, by end-use industry, 2017 – 2030
                   9.3 Europe
                       9.3.1 Europe real-time payments market, by payments type, 2017 - 2030
                       9.3.2 Europe real-time payments market, by component, 2017 - 2030
                       9.3.3 Europe real-time payments market, by deployment, 2017 – 2030
                       9.3.4 Europe real-time payments market, by enterprise size, 2017 – 2030
                       9.3.5 Europe real-time payments market, by end-use industry, 2017 – 2030
                       9.3.6 U.K.
                           9.3.6.1 U.K. real-time payments market, by payments type, 2017 – 2030
                           9.3.6.2 U.K. real-time payments market, by component, 2017 – 2030
                           9.3.6.3 U.K. real-time payments market, by deployment, 2017 – 2030
                           9.3.6.4 U.K. real-time payments market, by enterprise size, 2017 – 2030
                           9.3.6.5 U.K. real-time payments market, by end-use industry, 2017 – 2030
                       9.3.7 Sweden
                           9.3.7.1 Sweden real-time payments market, by payments type, 2017 – 2030
                           9.3.7.2 Sweden real-time payments market, by component, 2017 – 2030
                           9.3.7.3 Sweden real-time payments market, by deployment, 2017 – 2030
                           9.3.7.4 Sweden real-time payments market, by enterprise size, 2017 – 2030
                           9.3.7.5 Sweden real-time payments market, by end-use industry, 2017 – 2030
                       9.3.8 Denmark
                           9.3.8.1 Denmark real-time payments market, by payments type, 2017 – 2030
                           9.3.8.2 Denmark real-time payments market, by component, 2017 – 2030
                           9.3.8.3 Denmark real-time payments market, by deployment, 2017 – 2030
                           9.3.8.4 Denmark real-time payments market, by enterprise size, 2017 – 2030
                           9.3.8.5 Denmark real-time payments market, by end-use industry, 2017 – 2030
                       9.3.9 Switzerland
                           9.3.9.1 Switzerland real-time payments market, by payments type, 2017 – 2030
                           9.3.9.2 Sweden real-time payments market, by component, 2017 – 2030
                           9.3.9.3 Sweden real-time payments market, by deployment, 2017 – 2030
                           9.3.9.4 Sweden real-time payments market, by enterprise size, 2017 – 2030
                           9.3.9.5 Sweden real-time payments market, by end-use industry, 2017 – 2030
                   9.4 Asia Pacific
                       9.4.1 Asia Pacific real-time payments market, by payments type, 2017 - 2030
                       9.4.2 Asia Pacific real-time payments market, by component, 2017 - 2030
                       9.4.3 Asia Pacific real-time payments market, by deployment, 2017 – 2030
                       9.4.4 Asia Pacific real-time payments market, by enterprise size, 2017 – 2030
                       9.4.5 Asia Pacific real-time payments market, by end-use industry, 2017 – 2030
                       9.4.6 China
                           9.4.6.1 China real-time payments market, by payments type, 2017 – 2030
                           9.4.6.2 China real-time payments market, by component, 2017 – 2030
                           9.4.6.3 China real-time payments market, by deployment, 2017 – 2030
                           9.4.6.4 China real-time payments market, by enterprise size, 2017 – 2030
                           9.4.6.5 China real-time payments market, by end-use industry, 2017 – 2030
                       9.4.7 India
                           9.4.7.1 India real-time payments market, by payments type, 2017 – 2030
                           9.4.7.2 India real-time payments market, by component, 2017 – 2030
                           9.4.7.3 India real-time payments market, by deployment, 2017 – 2030
                           9.4.7.4 India real-time payments market, by enterprise size, 2017 – 2030
                           9.4.7.5 India real-time payments market, by end-use industry, 2017 – 2030
                       9.4.8 Japan
                           9.4.8.1 Japan real-time payments market, by payments type, 2017 – 2030
                           9.4.8.2 Japan real-time payments market, by component, 2017 – 2030
                           9.4.8.3 Japan real-time payments market, by deployment, 2017 – 2030
                           9.4.8.4 Japan real-time payments market, by enterprise size, 2017 – 2030
                           9.4.8.5 Japan real-time payments market, by end-use industry, 2017 – 2030
                       9.4.9 Singapore
                           9.4.9.1 Singapore real-time payments market, by payments type, 2017 – 2030
                           9.4.9.2 Singapore real-time payments market, by component, 2017 – 2030
                           9.4.9.3 Singapore real-time payments market, by deployment, 2017 – 2030
                           9.4.9.4 Singapore real-time payments market, by enterprise size, 2017 – 2030
                           9.4.9.5 Singapore real-time payments market, by end-use industry, 2017 – 2030
                   9.5 South America
                       9.5.1 South America real-time payments market, by payment type, 2017 - 2030
                       9.5.2 South America real-time payments market, by component, 2017 - 2030
                       9.5.3 South America real-time payments market, by deployment, 2017 – 2030
                       9.5.4 South America real-time payments market, by enterprise size, 2017 – 2030
                       9.5.5 South America real-time payments market, by end-use industry, 2017 – 2030
                       9.5.6 Brazil
                           9.5.6.1 Brazil real-time payments market, by payment type, 2017 – 2030
                           9.5.6.2 Brazil real-time payments market, by component, 2017 – 2030
                           9.5.6.3 Brazil real-time payments market, by deployment, 2017 – 2030
                           9.5.6.4 Brazil r2eal-time payments market, by enterprise size, 2017 – 2030
                           9.5.6.5 Brazil real-time payments market, by end-use industry, 2017 – 2030
                       9.5.7 Argentina
                           9.5.7.1 Argentina real-time payments market, by payment type, 2017 – 2030
                           9.5.7.2 Argentina real-time payments market, by component, 2017 – 2030
                           9.5.7.3 Argentina real-time payments market, by deployment, 2017 – 2030
                           9.5.7.4 Argentina real-time payments market, by enterprise size, 2017 – 2030
                           9.5.7.5 Argentina real-time payments market, by end-use industry, 2017 – 2030
                   9.6 MEA
                       9.6.1 MEA real-time payments market, by payment type, 2017 - 2030
                       9.6.2 MEA real-time payments market, by component, 2017 - 2030
                       9.6.3 MEA real-time payments market, by deployment, 2017 – 2030
                       9.6.4 MEA real-time payments market, by enterprise size, 2017 – 2030
                       9.6.5 MEA real-time payments market, by end-use industry, 2017 – 2030
Chapter 10 Competitive Analysis
                   10.1 Recent Developments and Impact Analysis, by Key Market Participants
                   10.2 Competitive Dashboard Analysis
                   10.3 Company Market Positioning Analysis
                   10.4 Company Ranking/Market Share Analysis, 2022
                   10.5 Market Position Analysis
                   10.6 Company Geographical Presence
Chapter 11 Competitive Landscape
                   11.1 ACI Worldwide, Inc.
                       11.1.1 Company overview
                       11.1.2 Financial performance
                       11.1.3 Product benchmarking
                       11.1.4 Strategic initiatives
                   11.2 Fidelity National Information Services, Inc.
                       11.2.1 Company overview
                       11.2.2 Financial performance
                       11.2.3 Product benchmarking
                       11.2.4 Strategic initiatives
                   11.3 Finastra
                       11.3.1 Company overview
                       11.3.2 Financial performance
                       11.3.3 Product benchmarking
                       11.3.4 Strategic initiatives
                   11.4 Fiserv, Inc.
                       11.4.1 Company overview
                       11.4.2 Financial performance
                       11.4.3 Product benchmarking
                       11.4.4 Strategic initiatives
                   11.5 Mastercard Incorporated
                       11.5.1 Company overview
                       11.5.2 Financial performance
                       11.5.3 Product benchmarking
                       11.5.4 Strategic initiatives
                   11.6 Montran Corporation
                       11.6.1 Company overview
                       11.6.2 Product benchmarking
                   11.7 PayPal Holdings, Inc.
                       11.7.1 Company overview
                       11.7.2 Financial performance
                       11.7.3 Product benchmarking
                       11.7.4 Strategic initiatives
                   11.8 Temenos AG
                       11.8.1 Company overview
                       11.8.2 Financial performance
                       11.8.3 Product benchmarking
                       11.8.4 Strategic initiatives
                   11.9 Visa Inc.
                       11.9.1 Company overview
                       11.9.2 Financial performance
                       11.9.3 Product benchmarking
                       11.9.4 Strategic initiatives
                   11.10 Volante Technologies Inc.
                       11.10.1 Company overview
                       11.10.2 Product benchmarking
                       11.10.3 Recent Developments
                   11.11 Wirecard AG
                       11.11.1 Company overview
                       11.11.2 Financial performance
                       11.11.3 Product benchmarking
                       11.11.4 Strategic initiatives
                   11.12 Worldpay, Inc.
                       11.12.1 Company overview
                       11.12.2 Financial performance
                       11.12.3 Product benchmarking
                       11.12.4 Strategic initiatives

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