The global Real-Time Payments Market is forecast to reach USD 55.69 Billion by 2026, according to a new report by Reports and Data. Real-time payments help businesses trim their expenses by reducing the use of checks and other expensive payment methods. Real-time payment services enable companies to modernize their accounts receivable processes as they provide the information required to link invoices with payments in real-time.
The information provided by real-time payment services can reduce the efforts involved in investigating exceptions and checking the status of the payment, as these systems support two-way communications between payers and the payees. Faster payment systems are expected to relay more information than traditional methods allow. Real-time systems can be expected to provide valuable information that flows with the payment transactions, allowing businesses to attain abilities in straight-through processing, achieve a better view of cash flows, and enable more informed operational decision-making.
Key participants include
FIS, ACI Worldwide, Mastercard, Fiserv, PayPal, Worldline, Apple, Visa, INTELLIGENT PAYMENTS, Ant Financial, Wirecard, Temenos, Capgemini, Global Payments, SIA, IntegraPay, Ripple, Obopay, Finastra, Pelican, FSS, Nets, REPAY, Montran, and Icon Solutions, among others.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2321
Further key findings from the report suggest
Among the payment types, the customer-to-business (C2B) accounted for the largest market share of ~32% in the year 2018. The growing retail and e-commerce industry is a significant factor contributing to the growth. The penetration of the internet and smartphones will also drive the segment in the coming years. Moreover, the growing population and their increasing disposable incomes will increase the demand for digital commerce globally.
The peer-to-peer (P2P) is forecasted to witness the highest growth rate of 9% during the forecast period. The growing number of customers making payments through digital applications is contributing to growth. The popularity of UPI payments and the increasing number of companies in the market will further boost a wide acceptance of real-time digital payment services.
Among the payment modes, net banking accounted for the largest market share of ~27% in the year 2018. The growing acceptance of smartphones, the internet, and advanced technologies in the industry is a significant factor boosting the segment. Customers are aware of these technologies and find them convenient to go cashless.
The contactless payment segment is forecasted to witness a higher growth rate of 31.6% during the forecast period. The integration of RFID and NFC technologies in the market influences the segment growth. The popularity of smart cards is another factor driving the overall market.
Asia Pacific held the largest market share of ~31% in the year 2018. The region is rapidly adopting new and advanced technologies. High penetration of cloud technology, the internet of things, machine learning, artificial intelligence, and big data, among others, are propelling the market in the region. Moreover, the region is continuously investing in sustainable and green solutions, owing to the growing pollution.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2321
For this report, Reports and Data have segmented into the global Real-Time Payments market on the basis of resin type, composite phases, industry vertical, and region:
Payment Type Outlook (Revenue, USD Billion; 2016-2026)
Payment Mode Outlook (Revenue, USD Billion; 2016-2026)
Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Small and Medium-Sized Enterprise
Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
Media And Entertainment
Hospitality And Tourism
Retail And E-Commerce
IT And Telecommunication
Banking, Financial Services, And Insurance (BFSI)
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2321
Have a Look at Related Reports:
Educational Inverted Microscopes Market Size, Share & Analysis By Product Type (Monocular, Binocular, Trinocular, Others), By Application (Life Science, Material Science, Environmental Science, Semiconductors, Nanotechnology, Others), By End-use (Primary Schools, Secondary Schools, Universities, Others), and By Region, Forecast to 2028
Fashion Influencer Marketing Market Size, Share & Analysis, By Fashion Type (Apparel, Beauty & Cosmetics, Jewelry & Accessories), By Influencer Type (Megainfluencers, Macroinfluencers, Microinfluencers, Nanoinfluencers), By Region, Forecasts To 2027
E-Cigarette Market Size, Share & Analysis, By Type (Disposable, Rechargeable), By Flavor (Original Tobacco, Mint & Menthol, Fruit & Candy, Chocolate, Dessert, Others), By Distribution Channel (Specialist E-cig Shops, Online, Supermarkets & Hypermarkets, Others), And By Region, Forecast To 2027
Contactless Payment Market Size, Share & Analysis, By Component (Hardware (PoS Terminals and Smart Cards), Solutions, and Services (Consulting, Integration & Deployment, Support & Maintenance)), By End-user (Retail, Hospitality, Healthcare, Energy & Utilities, Transportation & Logistics, BFSI, Others), By Technology (RFID, NFC, IR, Others), And By Region, Forecast To 2027
Hardware Security Modules Market Size, Share & Analysis, By Product Type (Network-based Hardware Security Modules, Embedded Hardware Security Modules, Portable Hardware Security Modules), Application (Payment Processing, Secure Socket Layer, Transport Layer Security, Code and Document Signing, Database Encryption, Authentication, Application Level Encryption, Credential Management), Industry Vertical (BFSI, IT & Telecommunications, Manufacturing, Government, Energy & Utilities, Healthcare, Retail), Region And Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Real-Time Payments Market Size, Key Player Revenue, SWOT, PEST & Porter’s Analysis For 2016–2026 | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.