Real-Time Payments Market by Nature of Payment (B2P, P2P and P2B), Component (Services and Solutions (Payment Processing & Payment Security, Payment Gateway, and Fraud Management)), Entity Size, Deployment Mode, Vertical, & Region – 2022 to 2027

Published on: December 23, 2021

The real time payments market is projected to reach USD 33 billion by 2024, growing at a CAGR of 33%. The market is driven mainly by the increasing use of smartphones and the growing demand for immediacy, quick clearing and settlement of money transfers between customers and merchants. In addition, the growing adoption of RTP solutions by e-commerce retailers and retail store owners is also expected to fuel market growth.