Real Time Payments Infrastructure Market Size, Share, Opportunities, And Trends By Payment Type (Person-to-Person, Person-to-Business, Business-to-Person, Others), By Deployment Type (Cloud, On-Premises), By Enterprise Size (Large Enterprises, Small and Medium-Sized Enterprises), And By Geography - Forecasts From 2025 To 2030
Comprehensive analysis of demand drivers, supply-side constraints, competitive landscape, and growth opportunities across applications and regions.
Description
Real Time Payments Infrastructure Market Size:
The real-time payments infrastructure market is anticipated to expand at a high CAGR over the forecast period.
The real-time payments infrastructure market has seen significant growth because of the global government initiatives for faster and more efficient financial transactions. In recent years, both the government and the central banks have actively taken initiatives to promote the real-time payments infrastructure market. The real-time payments infrastructure makes fund transfers more transparent and inclusive. It eliminates any transaction delays. The transactions can be settled within seconds with the help of this technology. The real-time payments have also given a boost to other economies. With the help of this technology, there has been a growth in digital banking, e-commerce and other kinds of payments. Sectors such as retail and transportation heavily rely on real-time payments for instant payments, refunds and returns.
Real Time Payments Infrastructure Market Overview & Scope:
The Real Time Payments Infrastructure market is segmented by:
- Payment Type: Business-to-Person (B2P) transactions hold a significant share of the real-time payments infrastructure market. This is because there has been a growth in demand for seamless transactions between companies and consumers in the real-time payments infrastructure market. Platforms like Uber, DoorDash, and Fiverr use real-time payment, such as refunds and returns, using UPI and other kinds of real-time payment platforms.
- Deployment Type: Cloud holds a significant share of the real-time payments infrastructure market because there has been a growing need for scalability, flexibility, speed, and cost-efficiency in the real-time payments infrastructure market. Cloud infrastructure helps in handling millions of transactions per second. It also allows for rapid development and deployment of payment solutions. It eliminates the high capital investments, thus making the real-time payment platforms more cost-efficient.
- Enterprise Size: Small and Medium Enterprises (SMEs) have a significant share of the real-time payments infrastructure market because real-time payments help small and medium enterprises in managing cash flow, operations, and customer relationships. It improves the cash flow by allowing the money to be instantly received from customers, partners, or platforms. It also helps small and medium enterprises by helping them make instant payments to suppliers, freelancers, and employees.
- Region: The Asia-Pacific real-time payments infrastructure market is rapidly expanding due to the growth of the increasing reliability of countries like China, India, and Australia on these payment methods for delayless transactions. The region has strong government backing to promote this technology. This growth is also happening as a result increase in the adoption of smartphones
Top Trends Shaping the Real-Time Payments Infrastructure Market:
1. Integration of Real-Time Payments with Digital Platforms: A trend in the real-time payments infrastructure market that is gaining popularity has been an increase in the deployment of real-time payments infrastructure with digital platforms. These digital platforms include e-commerce, fintech apps, and digital banking platforms. This integration helps in checkouts, immediate refunds, and just-in-time supplier payments.
2. Rising Public-Private Partnerships- Another significant trend is the growing number of collaborations between central banks, government agencies, and private financial institutions to accelerate real-time payments adoption. The examples of such partnerships include India’s UPI ecosystem and National Payments Corporation of India (NPCI).
Real Time Payments Infrastructure Market Growth Drivers vs. Challenges:
Drivers:
- Demand for Instant Transactions: One of the key drivers of the real-time payment’s infrastructure market is consumers’ demand for instant transactions. There have been many reasons behind this driver, including people-to-people transactions, bill payments or small business transactions. These kinds of transactions can easily be processed within seconds, around the clock. According to the Ministry of Finance, in the year 2024, UPI transactions totalled 15,547 transactions, which summed to Rs 233 lakh crore. According to NPCI, in October 2024, UPI surged by 45%, totalling 16.6 billion transactions, which summed to Rs. 23.5 lakh crore, showing an increase of 37% from the preceding year.
- Technological Advancements: There have been multiple innovations in artificial intelligence (AI), blockchain, cloud computing, and 5G infrastructure, which are driving the real-time payments infrastructure market. These are helping in enabling a faster and more secure payment ecosystem for all. There has been an initiative by many governments to make real-time payments a reality, such as Cashless Japan by the Japanese government. According to the Ministry of Economy, Trade and Industry, the Japanese government aimed to increase the cashless payment ratio to 40% by 2025. However, this goal was achieved in 2024 when the cashless payment ratio reached 42.8%. The government's new goal is to make the ratio reach 80% as of March 2025.
Challenges:
- Low Global Interoperability: One of the major challenges of the real-time payment infrastructure is the lack of interoperability. Interoperability is the ability of different payment systems to seamlessly communicate with each other. A unified global standard is absent for the real-time payment’s infrastructure market. Each country has its own set of standards and regulatory frameworks. While domestic platforms like India’s UPI and Brazil’s Pix have achieved remarkable success. UPI and Pix cannot make transfers to each other, irrespective of their domestic successes, because of a lack of global regulatory frameworks and a set of global standards for real-time payments infrastructure.
Real Time Payments Infrastructure Market Regional Analysis:
- North America: North America has a huge role in the expansion of the real-time payment infrastructure market. It is due to the rise in adoption of digital payment and fintech. Another reason for expansion is the growth in consumer demand for faster and seamless transactions. One of the biggest innovations of the real-time payment infrastructure market in North America is the FedNow Service developed by the Federal Reserve for financial institutions in the United States. The Federal Reserve also announced the launch of new services in 2023.
Real Time Payments Infrastructure Market Competitive Landscape:
The market is fragmented, with many notable players, including. ACI Worldwide Inc., Fiserv Inc., PayPal Holdings, Inc., Mastercard, Inc., Visa.Inc., The Clearing House, J.P.Morgan, Volante Technologies, Payoneer, Stripe, among others.
- Acquisition: In February 2025, Stripe announced that it acquired Bridge, which is a platform for stablecoins. The acquisitions focus on promoting digital dollars, i.e., stablecoins.
- Partnership: In June 2024, NPCI International Payments Limited announced a partnership with the Central Reserve Bank of Peru to deploy a real-time payments system in Peru. With the help of this partnership, Peru becomes the first country in South America to have a UPI system.
Real Time Payments Infrastructure Market Segmentation:
By Payment Type
- Person-to-Person
- Person-to-Business
- Business-to-Person
- Others
By Deployment Type
By Enterprise-size
- Large Enterprises
- Small and Medium-Sized Enterprises
By Region
Table Of Contents
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
2.1. Market Overview
2.2. Market Definition
2.3. Scope of the Study
2.4. Market Segmentation
3. BUSINESS LANDSCAPE
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Industry Value Chain Analysis
3.6. Policies and Regulations
3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. REAL-TIME PAYMENTS INFRASTRUCTURE MARKET BY PAYMENT TYPE
5.1. Introduction
5.2. Person-to-Person
5.3. Person-to-Business
5.4. Business-to-Person
5.5. Others
6. REAL-TIME PAYMENTS INFRASTRUCTURE MARKET BY DEPLOYMENT TYPE
6.1. Introduction
6.2. Cloud
6.3. On-premises
7. REAL-TIME PAYMENTS MARKET BY ENTERPRISE SIZE
7.1. Introduction
7.2. Large Enterprises
7.3. Small and Medium-Sized Enterprises
8. REAL-TIME PAYMENTS MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. United Kingdom
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Others
8.5. Middle East & Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. Japan
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. ACI Worldwide Inc
10.2. Fiserv Inc.
10.3. PayPal Holdings, Inc.
10.4. Mastercard, Inc.
10.5. Visa.Inc.
10.6. The Clearing House
10.7. J.P.Morgan
10.8. Volante Technologies
10.9. Payoneer
10.10. Stripe
11. APPENDIX
11.1. Currency
11.2. Assumptions
11.3. Base and Forecast Years Timeline
11.4. Key benefits for the stakeholders
11.5. Research Methodology
11.6. Abbreviations
Companies Profiled
ACI Worldwide Inc
Fiserv Inc.
PayPal Holdings, Inc.
Mastercard, Inc.
Visa.Inc.
The Clearing House
J.P.Morgan
Volante Technologies
Payoneer
Stripe
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