Instant Payment Market Synopsis
The global Instant Payment Market was valued at USD 116.6 billion in 2023 and is expected to reach USD 1138.27 Billion by the year 2032, at a CAGR of 28.81%.
Instant payment (sometimes called real-time payment or faster payment) is a way to exchange money and process payments that allows money to be transferred between bank accounts almost instantly, instead of the usual one to three business days.
- Many countries have adopted instant payment systems and many instant payment systems and platforms are currently being developed worldwide as the need for faster and more reliable transactions has grown. Widespread penetration of smartphones, high-speed internet, and cloud-based solutions that improve the payment experience across multiple industries such as BFSI, Retail, Manufacturing Healthcare, etc. drives the growth of the instant payment market.
- The government invests huge capital in instant payments, which makes the payment process easier for end users. Financial institutions and research and development programs have helped reform the industry and accelerate the growth of the instant payment market.
- Due to the growing need for faster and more reliable transactions, many countries have established instant payment systems, and many instant payment systems and platforms are currently being developed around the world. In some countries, it is possible to pay instantly with a mobile phone, offering the same speed and convenience as cash.
The Instant Payment Market Trend Analysis
Increasing Demand For Quick Money Transfers In Consumers And Businesses
- The increasing demand for fast money transfers has been a major driver for the growth of the instant payment market. Both consumers and businesses have realized the benefits of instant payments, resulting in adoption and market acceleration. Instant payment solutions offer a quick and easy way to transfer money. Traditional methods such as bank transfers or checks can be time-consuming and cause delays. Instant payments enable near real-time transfers, allowing individuals and businesses to receive money instantly, improving overall convenience and liquidity.
- Furthermore, instant payment solutions, often integrated with mobile wallets or peer-to-peer payment apps, allow people to easily send money to friends, family, or acquaintances. This ease of use and convenience has led to the widespread use of instant payments for everyday things such as splitting bills, repaying loans, or making informal payments. Also, the ability to make instant payments is very useful for businesses, especially in industries where speed and efficiency are critical. Express payments speed up payments, improve cash flow management and reduce the need for credit or late payments. It can simplify supply chains, improve business relationships and improve overall operational efficiency.
The Massive Technological Revolution
- The technological revolution has led to the development of innovative payment technologies, including real-time payment systems, mobile payment applications, digital wallets, and blockchain solutions. These advances enable fast and seamless payment transactions, providing convenience and efficiency to businesses and consumers.
- The widespread use of smartphones and internet connections has accelerated the growth of mobile and digital payments. Instant payment solutions use mobile devices and digital platforms to enable real-time money transfers, eliminating the need for traditional payment methods such as checks or cash. This has changed the way people make payments and created new opportunities for instant payment service providers. Additionally, consumers, today expect fast, convenient, and secure payment options. The technological revolution has influenced consumer behavior and there is a growing preference for instant gratification and instant transactions. Instant payment solutions meet changing consumer expectations and offer a seamless payment experience.
- The growth of e-commerce and online shopping has also increased the demand for instant payment solutions. Consumers expect fast and hassle-free payment processes for their online purchases. Instant payment options enable instant authorizations and payment transactions, reducing the friction of the e-shopping experience.
Segmentation Analysis Of The Instant Payment Market
The Instant Payment market segments cover the Nature of Payment, Deployment Mode, Enterprise Size, and End-User. By Nature of Payment, the Person-to-Business (P2B) segment is Anticipated to Dominate the Market Over the Forecast period.
- P2B payments refer to financial transactions between businesses and customers (such as recipient or source). A key factor in the development of the segment is the constant growth of mobile phone transactions and online shopping. Continued growth in e-commerce and e-commerce is expected to support the development of the segment. P2B payments allow businesses to improve customer satisfaction.
- The P2B structure accelerated with changes in regulatory reforms. Paying bills online and in stores promises the next huge wave of volume needed to keep real-time costs cheaper than cards. The growing trend of cloud-based real-time payment solutions is due to their flexibility to provide real-time payment information to retailers. The growing adoption of digital payment methods in major retail stores across the globe is expected to drive the market during the forecast period.
Regional Analysis of The Instant Payment Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
- The market growth in this region is driven by the huge population of the region, which affects the number of transactions, and domestic and international companies investing in the region. In the APAC region, the rate of growth can be attributed to several different factors such as the adoption of advanced technology, economic development, increased digitization, and heavy investment in real-time payment solutions and service providers.
- APAC countries, particularly China, South Korea, and Singapore, have been at the forefront of technological development and digital innovation. They have developed robust digital payment ecosystems, including real-time payment infrastructures and mobile payment platforms, which have accelerated the adoption of instant payment solutions.
- Additionally, mobile adoption and usage have grown rapidly in APAC. This has created a favorable environment for the adoption of mobile instant payment solutions. Mobile wallets and payment apps have gained significant popularity in China and India, among others, which has boosted the growth of instant payment services. Real-time payments were commonly used in Asia-Pacific in 2022, with transactions in India being almost five times higher than in China. For instance, according to Statista, India is the highest number of real-time payment transactions in 2022 which drives the growth of the market in this region.
Covid-19 Impact Analysis On Instant Payment Market
- Due to market restrictions and logistics bans imposed by governments, Covid-19 has affected several global markets, reorganizing supply chains. However, some markets benefited from the course of the pandemic. Covid-19 contributed to the growth of the instant payment market by expanding competition and introducing free payments. Covid-19 has accelerated the process of change, including the transition from a cash economy to a cashless economy. At the height of Covid-19, e-commerce and digital payment platforms have also expanded their space to viral areas. The rapid digitization of many companies, industries, and retail outlets is also behind the widespread adoption of instant payment options, which increases sales in the instant payment market.
- In addition, the COVID-19 epidemic forced banks and customers to react quickly to the limitations of physical user interfaces. As a result, the adoption of instant payments by bank customers has accelerated. Although significant, the shift to instant digital payments has been far less dramatic than most anticipated. Banks have kept at least some of their branches open and reduced office staff and opening hours and limited the number of customers they can accept. As a result, digital acceleration due to the pandemic will help banks and other financial institutions lower costs and provide a better customer experience, which improves Net Promoter Score and increases customer lifetime value.
Top Key Players Covered in The Instant Payment Market
- ACI Worldwide (US)
- FIS (US)
- Mastercard (US)
- Temenos (Switzerland)
- Worldline (France)
- PayPal(US)
- Fiserv (US)
- Visa (US)
- FSS (India)
- Montran (US)
- REPAY (US)
- Icon Solutions (UK)
- Apple (US)
- Ant Financial (China), and Other Major Players
Key Industry Developments in the Instant Payment Market
- In April 2023, Visa announced a strategic collaboration with PayPal and Venmo to initiate the pilot of Visa+, an innovative service designed to facilitate swift and secure money transfers between various person-to-person (P2P) digital payment applications. Later in the same year, users of Venmo and PayPal in the United States will have the capability to seamlessly transfer funds between the two platforms.
- In April 2023, CRED unveiled its UPI-based P2P payments, presenting a new payment option for its users. This feature allows CRED members to utilize the 'pay anyone' functionality through their contact list, phone numbers, or UPI IDs
- In April 2023, The Federal Reserve announced the launch of FedNow, a new real-time payments service that will enable faster and more secure financial payments for consumers and businesses. This system has the potential to revolutionize how people make payments in the US by providing instantaneous transfer of funds between banks in a matter of seconds, available 24 hours a day, 365 days a year.
- In January 2023, ACI Worldwide announced the launch of ACI Instant Pay, a new real-time payments solution that enables merchants in the U.S. to accept online, mobile and in-store payments instantly. The expansion of ACI's real-time payments software solutions to merchants reinforces ACIās global leadership in powering domestic and pan-regional real-time schemes reaching billions worldwide.
- In March 2022, the Reserve Bank of India (RBI) launched an instant payment system "UPI 123PAY" for feature phone users. The new Unified Payments Interface (UPI) will allow India's 40 crore feature phone users to access the payment service in a more secure manner.
Global Instant Payment Market |
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Base Year: |
2023 |
Forecast Period: |
2024 - 2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 116.6 Billion |
Forecast Period 2024-32 CAGR: |
28.81 % |
Market Size in 2032: |
USD 1138.27 Billion |
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By Nature of Payment |
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By Deployment Mode |
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By Enterprise Size |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By By Nature of Payment
ā3.2 By Deployment Mode
ā3.3 By Enterprise Size
ā3.4 By End-User
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Instant Payment Market by By Nature of Payment
ā5.1 Instant Payment Market Overview Snapshot and Growth Engine
ā5.2 Instant Payment Market Overview
ā5.3 Person-to-Person (P2P)
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Person-to-Person (P2P): Geographic Segmentation
ā5.4 Person-to-Business (P2B)
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Person-to-Business (P2B): Geographic Segmentation
ā5.5 Business-To-Person (B2P)
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2017-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Business-To-Person (B2P): Geographic Segmentation
ā5.6 Other
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2017-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Other: Geographic Segmentation
Chapter 6: Instant Payment Market by Deployment Mode
ā6.1 Instant Payment Market Overview Snapshot and Growth Engine
ā6.2 Instant Payment Market Overview
ā6.3 Cloud
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Cloud: Geographic Segmentation
ā6.4 On-Premises
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 On-Premises: Geographic Segmentation
Chapter 7: Instant Payment Market by Enterprise Size
ā7.1 Instant Payment Market Overview Snapshot and Growth Engine
ā7.2 Instant Payment Market Overview
ā7.3 Small And Medium-Sized Enterprises (SMEs)
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2017-2032F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Small And Medium-Sized Enterprises (SMEs): Geographic Segmentation
ā7.4 Large Enterprises
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2017-2032F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Large Enterprises: Geographic Segmentation
Chapter 8: Instant Payment Market by End-User
ā8.1 Instant Payment Market Overview Snapshot and Growth Engine
ā8.2 Instant Payment Market Overview
ā8.3 BFSI
āā8.3.1 Introduction and Market Overview
āā8.3.2 Historic and Forecasted Market Size (2017-2032F)
āā8.3.3 Key Market Trends, Growth Factors and Opportunities
āā8.3.4 BFSI: Geographic Segmentation
ā8.4 Retail And E-Commerce
āā8.4.1 Introduction and Market Overview
āā8.4.2 Historic and Forecasted Market Size (2017-2032F)
āā8.4.3 Key Market Trends, Growth Factors and Opportunities
āā8.4.4 Retail And E-Commerce: Geographic Segmentation
ā8.5 Government
āā8.5.1 Introduction and Market Overview
āā8.5.2 Historic and Forecasted Market Size (2017-2032F)
āā8.5.3 Key Market Trends, Growth Factors and Opportunities
āā8.5.4 Government: Geographic Segmentation
ā8.6 IT
āā8.6.1 Introduction and Market Overview
āā8.6.2 Historic and Forecasted Market Size (2017-2032F)
āā8.6.3 Key Market Trends, Growth Factors and Opportunities
āā8.6.4 IT: Geographic Segmentation
ā8.7 And Telecommunications
āā8.7.1 Introduction and Market Overview
āā8.7.2 Historic and Forecasted Market Size (2017-2032F)
āā8.7.3 Key Market Trends, Growth Factors and Opportunities
āā8.7.4 And Telecommunications: Geographic Segmentation
ā8.8 Energy
āā8.8.1 Introduction and Market Overview
āā8.8.2 Historic and Forecasted Market Size (2017-2032F)
āā8.8.3 Key Market Trends, Growth Factors and Opportunities
āā8.8.4 Energy: Geographic Segmentation
ā8.9 And Utilities
āā8.9.1 Introduction and Market Overview
āā8.9.2 Historic and Forecasted Market Size (2017-2032F)
āā8.9.3 Key Market Trends, Growth Factors and Opportunities
āā8.9.4 And Utilities: Geographic Segmentation
ā8.10 Others
āā8.10.1 Introduction and Market Overview
āā8.10.2 Historic and Forecasted Market Size (2017-2032F)
āā8.10.3 Key Market Trends, Growth Factors and Opportunities
āā8.10.4 Others: Geographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
ā9.1 Competitive Landscape
āā9.1.1 Competitive Positioning
āā9.1.2 Instant Payment Sales and Market Share By Players
āā9.1.3 Industry BCG Matrix
āā9.1.4 Heat Map Analysis
āā9.1.5 Instant Payment Industry Concentration Ratio (CR5 and HHI)
āā9.1.6 Top 5 Instant Payment Players Market Share
āā9.1.7 Mergers and Acquisitions
āā9.1.8 Business Strategies By Top Players
ā9.2 ACI WORLDWIDE (US)
āā9.2.1 Company Overview
āā9.2.2 Key Executives
āā9.2.3 Company Snapshot
āā9.2.4 Operating Business Segments
āā9.2.5 Product Portfolio
āā9.2.6 Business Performance
āā9.2.7 Key Strategic Moves and Recent Developments
āā9.2.8 SWOT Analysis
ā9.3 FIS (US)
ā9.4 MASTERCARD (US)
ā9.5 TEMENOS (SWITZERLAND)
ā9.6 WORLDLINE (FRANCE)
ā9.7 PAYPAL (US)
ā9.8 FISERV (US)
ā9.9 VISA (US)
ā9.10 FSS (INDIA)
ā9.11 MONTRAN (US)
ā9.12 REPAY (US)
ā9.13 ICON SOLUTIONS (UK)
ā9.14 APPLE (US)
ā9.15 ANT FINANCIAL (CHINA)
ā9.16 OTHER MAJOR PLAYERS
Chapter 10: Global Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Market Overview
ā10.2 Historic and Forecasted Market Size By By Nature of Payment
āā10.2.1 Person-to-Person (P2P)
āā10.2.2 Person-to-Business (P2B)
āā10.2.3 Business-To-Person (B2P)
āā10.2.4 Other
ā10.3 Historic and Forecasted Market Size By Deployment Mode
āā10.3.1 Cloud
āā10.3.2 On-Premises
ā10.4 Historic and Forecasted Market Size By Enterprise Size
āā10.4.1 Small And Medium-Sized Enterprises (SMEs)
āā10.4.2 Large Enterprises
ā10.5 Historic and Forecasted Market Size By End-User
āā10.5.1 BFSI
āā10.5.2 Retail And E-Commerce
āā10.5.3 Government
āā10.5.4 IT
āā10.5.5 And Telecommunications
āā10.5.6 Energy
āā10.5.7 And Utilities
āā10.5.8 Others
Chapter 11: North America Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By By Nature of Payment
āā11.4.1 Person-to-Person (P2P)
āā11.4.2 Person-to-Business (P2B)
āā11.4.3 Business-To-Person (B2P)
āā11.4.4 Other
ā11.5 Historic and Forecasted Market Size By Deployment Mode
āā11.5.1 Cloud
āā11.5.2 On-Premises
ā11.6 Historic and Forecasted Market Size By Enterprise Size
āā11.6.1 Small And Medium-Sized Enterprises (SMEs)
āā11.6.2 Large Enterprises
ā11.7 Historic and Forecasted Market Size By End-User
āā11.7.1 BFSI
āā11.7.2 Retail And E-Commerce
āā11.7.3 Government
āā11.7.4 IT
āā11.7.5 And Telecommunications
āā11.7.6 Energy
āā11.7.7 And Utilities
āā11.7.8 Others
ā11.8 Historic and Forecast Market Size by Country
āā11.8.1 US
āā11.8.2 Canada
āā11.8.3 Mexico
Chapter 12: Eastern Europe Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By By Nature of Payment
āā12.4.1 Person-to-Person (P2P)
āā12.4.2 Person-to-Business (P2B)
āā12.4.3 Business-To-Person (B2P)
āā12.4.4 Other
ā12.5 Historic and Forecasted Market Size By Deployment Mode
āā12.5.1 Cloud
āā12.5.2 On-Premises
ā12.6 Historic and Forecasted Market Size By Enterprise Size
āā12.6.1 Small And Medium-Sized Enterprises (SMEs)
āā12.6.2 Large Enterprises
ā12.7 Historic and Forecasted Market Size By End-User
āā12.7.1 BFSI
āā12.7.2 Retail And E-Commerce
āā12.7.3 Government
āā12.7.4 IT
āā12.7.5 And Telecommunications
āā12.7.6 Energy
āā12.7.7 And Utilities
āā12.7.8 Others
ā12.8 Historic and Forecast Market Size by Country
āā12.8.1 Bulgaria
āā12.8.2 The Czech Republic
āā12.8.3 Hungary
āā12.8.4 Poland
āā12.8.5 Romania
āā12.8.6 Rest of Eastern Europe
Chapter 13: Western Europe Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By By Nature of Payment
āā13.4.1 Person-to-Person (P2P)
āā13.4.2 Person-to-Business (P2B)
āā13.4.3 Business-To-Person (B2P)
āā13.4.4 Other
ā13.5 Historic and Forecasted Market Size By Deployment Mode
āā13.5.1 Cloud
āā13.5.2 On-Premises
ā13.6 Historic and Forecasted Market Size By Enterprise Size
āā13.6.1 Small And Medium-Sized Enterprises (SMEs)
āā13.6.2 Large Enterprises
ā13.7 Historic and Forecasted Market Size By End-User
āā13.7.1 BFSI
āā13.7.2 Retail And E-Commerce
āā13.7.3 Government
āā13.7.4 IT
āā13.7.5 And Telecommunications
āā13.7.6 Energy
āā13.7.7 And Utilities
āā13.7.8 Others
ā13.8 Historic and Forecast Market Size by Country
āā13.8.1 Germany
āā13.8.2 UK
āā13.8.3 France
āā13.8.4 Netherlands
āā13.8.5 Italy
āā13.8.6 Russia
āā13.8.7 Spain
āā13.8.8 Rest of Western Europe
Chapter 14: Asia Pacific Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By By Nature of Payment
āā14.4.1 Person-to-Person (P2P)
āā14.4.2 Person-to-Business (P2B)
āā14.4.3 Business-To-Person (B2P)
āā14.4.4 Other
ā14.5 Historic and Forecasted Market Size By Deployment Mode
āā14.5.1 Cloud
āā14.5.2 On-Premises
ā14.6 Historic and Forecasted Market Size By Enterprise Size
āā14.6.1 Small And Medium-Sized Enterprises (SMEs)
āā14.6.2 Large Enterprises
ā14.7 Historic and Forecasted Market Size By End-User
āā14.7.1 BFSI
āā14.7.2 Retail And E-Commerce
āā14.7.3 Government
āā14.7.4 IT
āā14.7.5 And Telecommunications
āā14.7.6 Energy
āā14.7.7 And Utilities
āā14.7.8 Others
ā14.8 Historic and Forecast Market Size by Country
āā14.8.1 China
āā14.8.2 India
āā14.8.3 Japan
āā14.8.4 South Korea
āā14.8.5 Malaysia
āā14.8.6 Thailand
āā14.8.7 Vietnam
āā14.8.8 The Philippines
āā14.8.9 Australia
āā14.8.10 New Zealand
āā14.8.11 Rest of APAC
Chapter 15: Middle East & Africa Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā15.1 Key Market Trends, Growth Factors and Opportunities
ā15.2 Impact of Covid-19
ā15.3 Key Players
ā15.4 Key Market Trends, Growth Factors and Opportunities
ā15.4 Historic and Forecasted Market Size By By Nature of Payment
āā15.4.1 Person-to-Person (P2P)
āā15.4.2 Person-to-Business (P2B)
āā15.4.3 Business-To-Person (B2P)
āā15.4.4 Other
ā15.5 Historic and Forecasted Market Size By Deployment Mode
āā15.5.1 Cloud
āā15.5.2 On-Premises
ā15.6 Historic and Forecasted Market Size By Enterprise Size
āā15.6.1 Small And Medium-Sized Enterprises (SMEs)
āā15.6.2 Large Enterprises
ā15.7 Historic and Forecasted Market Size By End-User
āā15.7.1 BFSI
āā15.7.2 Retail And E-Commerce
āā15.7.3 Government
āā15.7.4 IT
āā15.7.5 And Telecommunications
āā15.7.6 Energy
āā15.7.7 And Utilities
āā15.7.8 Others
ā15.8 Historic and Forecast Market Size by Country
āā15.8.1 Turkey
āā15.8.2 Bahrain
āā15.8.3 Kuwait
āā15.8.4 Saudi Arabia
āā15.8.5 Qatar
āā15.8.6 UAE
āā15.8.7 Israel
āā15.8.8 South Africa
Chapter 16: South America Instant Payment Market Analysis, Insights and Forecast, 2017-2032
ā16.1 Key Market Trends, Growth Factors and Opportunities
ā16.2 Impact of Covid-19
ā16.3 Key Players
ā16.4 Key Market Trends, Growth Factors and Opportunities
ā16.4 Historic and Forecasted Market Size By By Nature of Payment
āā16.4.1 Person-to-Person (P2P)
āā16.4.2 Person-to-Business (P2B)
āā16.4.3 Business-To-Person (B2P)
āā16.4.4 Other
ā16.5 Historic and Forecasted Market Size By Deployment Mode
āā16.5.1 Cloud
āā16.5.2 On-Premises
ā16.6 Historic and Forecasted Market Size By Enterprise Size
āā16.6.1 Small And Medium-Sized Enterprises (SMEs)
āā16.6.2 Large Enterprises
ā16.7 Historic and Forecasted Market Size By End-User
āā16.7.1 BFSI
āā16.7.2 Retail And E-Commerce
āā16.7.3 Government
āā16.7.4 IT
āā16.7.5 And Telecommunications
āā16.7.6 Energy
āā16.7.7 And Utilities
āā16.7.8 Others
ā16.8 Historic and Forecast Market Size by Country
āā16.8.1 Brazil
āā16.8.2 Argentina
āā16.8.3 Rest of SA
Chapter 17 Investment Analysis
Chapter 18 Analyst Viewpoint and Conclusion
Global Instant Payment Market |
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Base Year: |
2023 |
Forecast Period: |
2024 - 2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 116.6 Billion |
Forecast Period 2024-32 CAGR: |
28.81 % |
Market Size in 2032: |
USD 1138.27 Billion |
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By Nature of Payment |
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By Deployment Mode |
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By Enterprise Size |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Frequently Asked Questions :
The forecast period in the Instant Payment Market research report is 2024 - 2032.
ACI Worldwide (US), FIS (US), Mastercard (US), Temenos (Switzerland), Worldline (France), PayPal (US), Fiserv (US), Visa (US), FSS (India), Montran (US), REPAY (US), Icon Solutions (UK), Apple (US), Ant Financial (China), and Other Major Players
The Instant Payment Market is segmented into Nature of Payment, Deployment Mode, Enterprise Size, End User, and Region. By Nature of Payment, the market is categorized into Person-to-Person (P2P), Person-to-Business (P2B), Business-To-Person (B2P), and Other. By Deployment Mode, the market is categorized into Cloud and On-Premises. By Enterprise Size, the market is categorized into Small and Medium-Sized Enterprises (SMEs), Large Enterprises. By End User, the market is categorized into BFSI, Retail and E-Commerce, Government, IT and Telecommunications, Energy and Utilities, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Instant payment (sometimes called real-time payment or faster payment) is a way to exchange money and process payments that allows money to be transferred between bank accounts almost instantly, instead of the usual one to three business days. Many countries have adopted instant payment systems and many instant payment systems and platforms are currently being developed worldwide as the need for faster and more reliable transactions has grown.
The global Instant Payment Market was valued at USD 116.6 billion in 2023 and is expected to reach USD 1138.27 Billion by the year 2032, at a CAGR of 28.81%.