Real Time Payment Market Research Report – Global Forecast till 2027

Real-Time Payment Market Research, By Solution (Payment Gateway, Payment Processing, Payment Security, Fraud Management), Service (Professional, Managed), Deployment (On-Premise, Cloud), Verticals (BFSI, IT & Telecom, Retail) — Forecast till 2027

ID: MRFR/ICT/5595-HCR | February 2021 | Region: Global | 100 pages

Real Time Payment Market Synopsis



Real Time Payment Market was valued at USD 5.12 billion in 2017 and is expected to reach USD  23.57 billion by the end of the forecast period with a CAGR of 29.7%.


Digitization has played a major role in the adoption of real-time and online payment systems by individuals. Real-time payments have become a part of routine for enterprises/individuals as it makes online transactions convenient. Moreover, increased popularity for online shopping among individuals has further increased the need for secure, fast and enhanced payment solutions to offer smooth flow of transactions. Promoting cashless transactions for payments of smaller denomination has risen the need for quick and enhanced payment platforms which are relatively secure. The major driver fueling the growth of real-time payment payment is the increased usage of card payments by individuals for transactions. However, security concerns regarding online payments is still refraining the growth of real time payment market.


One of the leading companies ACI Worldwide, in august 2018 partnered with SPAN Enterprises to enhance online payments and upgrade the uiser experiecne of customer in various industries such as transportation industry. Another major financial organization, Fiserv acquired Elan Financial Services in September 2018. The acquisition is expected to enable Fiserv to enhance its presence then field of debit card processing, and mobile and digital payments. In June 2018, PayPal acquired Simility aiming to expand its fraud prevention and risk management portfolio.


Real Time Payment Market Segmentation


The Global real time payment market is segmented into solution, service, deployment, verticals, and region.


By solution, the market is segmented into payment gateway, payment processing, payment security, fraud management, and others.


By services, the market is segmented into professional services, and managed services.


By deployment, the market is segmented into on-premise, and cloud.


By verticals, the market is segmented into BFSI, IT & telecommunication, retail, government, energy & utilities, and others.


By region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.


Regional Analysis


The global Real Time Payment Market for real time payment is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of real time payment market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).


North America is the largest market for real-time payment market. It has generated highest revenue in 2017 and is estimated to highest real time payment market value during the forecast period. The growth of North American region is attributed to increased adoption of digital payments by customers in the countries including the US, and Canada. US has generated highest revenue in 2017 and is projected to grow with fastest CAGR during forecast period 2018–2023. It is followed by Canada and Mexico.


Europe is the second largest market for real-time payment market. It is technically advanced region and has established infrastructure. The UK has generated highest revenue in 2017 and is projected to grow with a highest CAGR during forecast period 2018–2023. Technical advancements in the provision of secure payment has fueled the growth of Real Time Payment Market in these countries.


Key Players


The key players in the real time payment market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— ACI Worldwide Inc (US), Fidelity National Information Servcs Inc (US), Fiserv Inc (US), Paypal Holdings Inc (US), Wirecard AG (Germany), Mastercard Inc (US), Worldline SA (France), Temenos AG (Switzerland), Visa Inc Class A (US), and Apple Inc (US). These players contribute a major proportion towards market growth.


Apart from the top key players, the other players contribute nearly 30–35 % in the real time payment market. These include Ant Financial Services Group (China), Global Payments Inc (US), Capgemini SE (France), Icon Solutions Ltd (India), REPAY (US), IntegraPay (US), Obopay (US), Ripple Labs Inc (US), ACE Software Solutions Inc (US), Finastra (UK), Nets A/S (Denmark), Financial Software & Systems Pvt. Ltd (India), Intelligent Payments Group Ltd (UK), Montran (US), and others.


Intended Audience



  • Payment Security Providers

  • Government Agencies

  • Network Solution Providers

  • Independent Software Vendors

  • Consulting Firms

  • System Integrators

  • Research Institutes and Organizations

  • Technology Standards Organizations

  • Technology Investors



Frequently Asked Questions (FAQ) :


As per MRFR assessment, the market is projected to progress at a rate of 29.7% in the following years.

The market value by the end of the forecast period is likely to be USD 23.57 billion.

Visa Inc Class A (US), Wirecard AG (Germany), Mastercard Inc (US), Worldline SA (France), Paypal Holdings Inc (US), ACI Worldwide Inc (US), Apple Inc (US), Temenos AG (Switzerland), Fiserv Inc (US), Fidelity National Information Servcs Inc (US), are the top players identified in the MRFR report.

The real time payment market has gained the highest traction in North America and can maintain its growth rate throughout the review timeframe.

High popularity of online shopping and the rising online volume of transactions are some of the chief factors backing the market growth in Europe.