According to new research study on Real-Time Payments Market research report provides size, share, trends, analysis report contains all study material about market industry overview, growth, demand and forecast research in all over the world. The report also analyses the competitive structure of the Real-Time Payments and provides the profiles of major players operating in the market. Growth inducing factors, market restraints and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry.

Real-time payment market is expected to grow from US$ 12.85 billion in 2021 to US$ 86.89 billion by 2028 with an estimated CAGR of 32.0% from 2022 to 2028.

Financial services companies are recognizing the importance of open banking initiatives and application programming interfaces. Traditional banks understand that they must improve their digital capabilities to compete in the sector and avoid being disintermediated by new entrants with superior offers and services. Open Banking APIs boost a bank's attractiveness and enable it to meet the changing expectations of existing clients and attract new ones. The APIs may also be used as a one-of-a-kind solution to boost customer interaction and respond to consumer requirements in a safe, agile, and future-proof way. Open Banking APIs are significant assets for financial services organizations because they allow them to expand service offerings, boost client interaction, and create new digital income channels, which would offer a significant opportunity for the real-time payment market to expand during the forecasted period .

Read More Info @ https://www.theinsightpartners.com/reports/real-time-payments-market

Some of the companies competing in the Real-Time Payments Market:

  • ACI Worldwide
  • Apple
  • FIS
  • Fiserv
  • Mastercard
  • PayPal
  • Temenos
  • Visa
  • Wirecard
  • Worldline

The real-time payment business is gaining traction and is expected to propel in the coming years. Many existing real-time payment prefer the medium over other non-cash payment alternatives, such as push-to-card, same-day ACH, and wire transfer. To strengthen the real-time payment industry, Asia Pacific countries have taken many significant steps to develop real-time payments. The Asian Payments Network (APN) is a consortium of 11 Asian countries, such as the Philippines, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, South Korea, Japan, New Zealand, and Australia, that promote cross-border banking transactions in the region. Also, it has been seen that many customers in Asia Pacific are inclined toward real-time payment. Thus, increasing real-time payment users drives the demand for real-time payment market across the region.

Advantage of requesting Sample PDF Report Before purchase to know about:

  • To part the breakdown information by districts, type, makers, and applications.
  • To break down and research the worldwide Real-Time Payments status and future figure, including, creation, income, utilization, recorded, and conjecture.
  • To distinguish huge patterns, drivers, impact factors in worldwide and locales.
  • To introduce the key Real-Time Payments makers, creation, income, piece of the pie, and ongoing turn of events.
  • To investigate serious advancements, for example, extensions, arrangements, new item dispatches, and acquisitions on the lookout.
  • To investigate the worldwide and key districts market potential and preferred position, opportunity, and challenge, limitations, and dangers.

MARKET SEGMENTATION

The global real-time payment market is segmented on the basis of component, payment mode, deployment, enterprise size, and industry. Based on component, the real-time payment market is further segmented into solution and services. The solution segment is further subsegmented into payment gateway, payment processing, and payment security and fraud management. By payment mode, the real-time payment market is categorized into person-to-person, person-to-business, business-to-person, and others. In terms of deployment, the real-time payment market is bifurcated into on premise and cloud. Further, from enterprise size point of reference, the market is split into SMEs and large enterprises. Based on industry, the real-time payment market is divided into BFSI, government, retail & ecommerce, IT & telecom, energy & utilities, and others.

To Get Sample Copy of Report, Click Here –https://www.theinsightpartners.com/sample/TIPRE00013242/

This Study Report Offers Following Objectives:

  1. Conjecture and examination of the worldwide Real-Time Payments market deals, share, worth, status and figure 2028.
  2. Break down the local just as nation level portions, share development for Global Real-Time Payments Market.
  3. Investigation of Global Real-Time Payments industry-driving makers/players.
  4. Characterize and investigate the market rivalry scene, SWOT examination.
  5. Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
  6. Examination of the Real-Time Payments market by Type, by Application/end clients and district insightful.
  7. Estimate and investigation of the Global Real-Time Payments Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
  8. Investigate the critical driving elements, patterns which confine market development.
  9. Portray the partner's chances in the market by recognizing the high development fragments.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876