Industry Background:
Real-time payments generally specialize in low-value retail payment systems (RPS); they take issue from time gross settlement systems (RTGS) and distributed ledger payment systems. time period payments may also facilitate businesses in strengthening their money flows and afterward in up their operational efficiencies, budgeting, and overall money management. time period payments may also facilitate businesses in strengthening their money flows and afterward in up their operational efficiencies, budgeting, and overall money management.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ACI Worldwide (United States), FIS (United States), Fiserv (United States), Mastercard (United States), Worldline (France), PayPal (United States), Visa (United States), Apple (United States), JPMorgan Chase & Co. (United States), INTELLIGENT PAYMENTS (Gibraltar), Capgemini (France) and Ripple (United States) |
This growth is primarily driven by Growing Adoption of Smartphone-Based Payment Solutions and Rising Government Investment in Digitization of Currency.
Globally, a noticeable market trend is evident Mergers in Banks and Online Payment Solutions for the Ease of Transactions The Diversified Financial Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ACI Worldwide (United States), FIS (United States), Fiserv (United States), Mastercard (United States), Worldline (France), PayPal (United States), Visa (United States), Apple (United States), JPMorgan Chase & Co. (United States), INTELLIGENT PAYMENTS (Gibraltar), Capgemini (France) and Ripple (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Mastercard acquire the real-time payments unit of Denmark-based Nets Group. This acquisition will offer card networks the infrastructure for real-time payments between bank accounts and a suite of associated applications and services. This will help the company to shift from a pure card payments company to a “multi-rail” payments group serving merchants, banks, and governments.
In 2021, Global payments giant JPMorgan Chase & Co (JPM.N) has launched a real-time payments option called a request for pay to cater to the surging volumes of global digital payments. This launch of new real-time payment helps to ensure the safety and smoothness of millions of transactions from the clients from large business forums and hands the competitive advantage to the JPMorgan Real-time payment services.
Influencing Trend:
Mergers in Banks and Online Payment Solutions for the Ease of Transactions
Market Growth Drivers:
Growing Adoption of Smartphone-Based Payment Solutions and Rising Government Investment in Digitization of Currency
Challenges:
High Costs involved in Setup and Infrastructure Maintenance
Restraints:
Transactional Security Concerns Associated with Real-Time Payments Hampers the Market Growth
Opportunities:
Rising Usage of UPI Payments and Applications for the Transactional Purpose and Rising Demand for the Cryptocurrency Transactions and Adoption in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Real Time Payments Market
- Analysis about New Entrants in Real Time Payments Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Real Time Payments Study Sheds Light on
The Real Time Payments Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Real Time Payments industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Real Time Payments industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.