ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
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The competitive landscape of the real-time payments market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
- In June 2021, Mastercard Incorporated announced the launch of PayPort+, a next-generation real-time payment gateway service, to provide payment service providers and financial institutions with flexible access to the U.K.’s real-time payment infrastructure. The PayPort+ solution is powered by Vocalink, a Mastercard company, and Form3, a technology partner.
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|Real-Time Payments Market Size (2022)||US$ 16 Bn|
|Sales Forecast for Real-Time Payments (2032)||US$ 277.09 Bn|
|Global Market Growth Rate (2022 to 2032)||33% CAGR|
|Key Companies Profiled||ACI Worldwide, Inc.Mastercard Inc.Finastra; Visa Inc.PayPal Holdings, Inc.Fiserv, Inc.Fidelity National Information Services, Inc. (FIS Inc.)Wirecard AGWorldpay, Inc.Temenos AGMontran CorporationVolante Technologies Inc.|
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Fact.MR, in its new report, offers an unbiased Market Analysis of Real-Time Payments, Sales and Demand of Real-Time Payments, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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