Real-Time Payments Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Real-Time Payments Market in 2025 is estimated at USD 36.87 billion. The global Market size was valued at more than USD 28.79 billion in 2024 and is expected to register a CAGR of more than 35.1%, exceeding USD 1.44 trillion revenue by 2037. Asia Pacific is set to surpass USD 489.6 billion by 2037, driven by increasing real-time transaction volume in emerging Markets, particularly in India.
The growth of this market can be attributed to the increasing adoption of real-time payments trends in numerous industries. With companies and government getting aware of the advantages and benefits of this payments system the demand for this market is expected to rise in the projection period. As per recently published data, over 70 countries in six continents promote the real-time payments system with growth in transaction volume of USD 193 billion in the year 2022 registering a year-on-year growth of 63%.
Additionally, increasing penetration of mobile devices and escalating online shopping trends is predicted to majorly drive the growth of the real-time payments market. Moreover, the emergence of smartphone point-on-sale (POS) systems, and enhancement in payment methods are significant factors boosting the real-time payments sector expansion. Picky consumers are progressively switching to their mobile devices to pay merchants, billers, social networks, and many other entities. Policymakers have lagged behind the private sector in terms of innovation as a tactic to promote online trade; nonetheless, increased usage of real-time payments might allow the government to increase tax collection rates and fortify anti-fraud programs.
Real-Time Payments Sector: Growth Drivers and Challenges
Growth Drivers
- Escalating Digitalization – Rapidly growing digitalization, and increasing urbanization are significant growth drivers for the real-time payments market. Furthermore, the regulatory body of money laundering is implementing different strategies for digital payment in order to reduce the black money transactions.
- Increasing Focus of Technological Advancement – The growth of the market can also be driven by increasing intent of technological innovation and development of new payment models for the fintech sector such as API-oriented real-time payment systems used in mobile applications, adoption of 5G infrastructure, blockchain, AI, and others. According to the study, BaaS is expected to increase by 25 % over the next three years and provides a wide range of features for users embedded in the system that include Real-Time Payment, Retail Banking services, etc. Open APIs will be adopted by 86% of market players enabling them to have access to available banking capabilities.
- Increasing Consumer Preference – Owing to consumer preference for online payment during the recent pandemic time, the demand for real-time payment methods started growing. Now, local vendors and small businesses have also started relying on this payment option in order to enhance their cash flow management.
Challenges
- Security Concern Associated – Real-time payment consists of the transfer of large sums of money in less time. This makes them a target for scammers. It is significant for real-time payment systems to be highly secure in order to prevent users from scammers.
- Might be High in Cost
- Prevalence of Legacy Infrastructure
Real-Time Payments Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
35.1% |
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Base Year Market Size (2024) |
USD 28.79 billion |
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Forecast Year Market Size (2037) |
USD 1.44 trillion |
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Regional Scope |
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Real-Time Payment Segmentation
Payment (Person-to-Person, Person-to-Business)
The person-to-business segment is set to account for 52% share of the global real-time payments market by the end of 2037. The growth of this segment is highly influenced by the increasing penetration of e-commerce. In 2021, global retail e-commerce sales were to be around USD 5.2 trillion. The segment's growth is anticipated to be fueled by the ongoing expansion of e-commerce and online product sales. Businesses may increase consumer satisfaction by using P2B payments. As regulatory changes have changed, the P2B model has been accelerating. The following influx of enormous volumes is required to make real-time costs less expensive than cards are promised by both retail and online bill payments.
Deployment (Cloud, On-Premises)
The cloud segment is poised to grow substantially in the time period during the forecasted timeframe. The growth of this market can be attributed to the increasing use of smartphone-based payment solutions all over the globe. Besides, many fintech brands are working on cross-border payment platforms by adopting cloud-based platforms so that they can offer the customer with better user experience.
Our in-depth analysis of the global market includes the following segments:
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Payment |
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Component |
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Deployment |
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Enterprise Size |
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End User |
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Customize this ReportReal-Time Payments Landscape- Regional Synopsis
APAC Market Forecasts
The real-time payments market in the Asia Pacific region is estimated to hold the largest market share of 34% in the projection period. Estimates of real-time transaction growth in emerging markets led and outpaced by countries such as India, will be essential for advancing the business. Real-time payment systems are made available to businesses and customers all over the world, and this promotes wealth and economic expansion. Indians may now swiftly transfer money from one bank account to another, whether it's between people or between customers and businesses, thanks to the United Payments Interface (UPI), which has completely changed the way they make payments in India. Indian customers in the Asia-Pacific region are mostly inclined to utilize new electronic payments, with 93% likely to have done so in the previous year, recorded as per a report.
North America Market Statistics
The North America market for real-time payment is anticipated to grow substantially by the end of the assessment time. Some of the major players in the world market are present in this region. The number of cross-border payments is expected to increase with the increasing numbers of immigrants in North American countries such as the United States and Canada, which are estimated to support market growth.
Companies Dominating the Real-Time Payments Landscape
- ACI Worldwide Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Fiserve Inc.
- Paypal Holdings Inc.
- Mastercard Inc.
- CRED
- Visa Inc.
- Worldplay Inc.
- Temenos AG
- FIS Global
- Montran Corporation
In the News
- Visa announced a partnership with PayPal and Venmo to pilot Visa+, an innovative service that aims to enable individuals to quickly and securely transfer funds between digital payment applications between person to person (P2P) is different. By the end of 2023, Venmo and PayPal users in the US will be able to start transferring money seamlessly between the two platforms.
- CRED introduced UPI-based P2P payments, giving users a new payment option. This feature gives CRED members access to "pay anyone" through their contact list, phone number, or UPI login.
Author Credits: Abhishek Verma
- Report ID: 5157
- Published Date: May 09, 2025
- Report Format: PDF, PPT
