{"id":464886,"date":"2020-02-03T09:00:02","date_gmt":"2020-02-03T09:00:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=464886"},"modified":"2020-02-03T09:00:02","modified_gmt":"2020-02-03T09:00:02","slug":"realtime-payments-market-growing-at-cagr-of-306-key-players-aci-worldwide-fis-fiserv-paypal-wirecard","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/realtime-payments-market-growing-at-cagr-of-306-key-players-aci-worldwide-fis-fiserv-paypal-wirecard_464886.html","title":{"rendered":"Real-Time Payments Market Growing at CAGR of 30.6% | Key Players ACI Worldwide, FIS, Fiserv, PayPal, Wirecard"},"content":{"rendered":"
\"Real-Time<\/a><\/p>\n
\n
ACI Worldwide (US), FIS (US), Fiserv (US), Mastercard (US), Worldline (France), PayPal (US), Visa (US), Apple (US), Ant Financial (China), INTELLIGENT PAYMENTS (Gibraltar), Tmenos (Swtizerland), Wirecard (Germany), Global Payments (US), Capgemini (France)\u2026<\/div>\n<\/div>\n<\/div>\n
Real-Time Payments Market by Nature of Payment (P2P, P2B & B2P), Component (Solutions (Payment Gateway, Payment Processing & Payment Security & Fraud Management) & Services), Deployment Mode, Enterprise Size, Vertical, & Region – Global Forecast to 2023<\/div>\n

MarketsandMarkets forecasts the global Real-Time Payments Market<\/a> size to grow from USD 6.8 billion in 2018 to USD 25.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.6% during 2018–2023. The high proliferation of smartphones, the increasing demand for immediacy of payments and quicker payment settlements, and the government initiatives are expected to be the major factors for the growth of the market. Most of the payment solution providers offer RTP solutions, such as payment gateway, payment processing, and payment security and fraud management, leading to faster transaction process.<\/p>\n

\"\"<\/p>\n

In May 2018, Temenos announced that it would enhance its leading financial crime mitigation product by including an Artificial Intelligence (AI)-based Suspicious Activity Prevention solution to its functionality. This enhanced functionality would protect banks and their customers from frauds.<\/p>\n

Download PDF Brochure @<\/strong> https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=103502782<\/a><\/p>\n

In the RTP market by component, the services segment is expected to grow at a higher CAGR during the forecast period. The RTP vendors offer professional and managed services to plan, design, implement, deploy, and train RTP payment solutions. The increase in the number of real-time transactions in the emerging economies is expected to increase the demand for RTP services.<\/p>\n

In the RTP market by enterprise size, the Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. The increasing demand for scalable and cost-effective solutions is expected to accelerate the growth of RTP solutions in the SMEs segment.<\/p>\n

The RTP market by deployment mode has been further divided into 2 segments: the cloud and on-premises. Due to high infrastructure costs and requirement of skilled employees for implementing and managing RTP solutions, most of the companies prefer deploying cloud-based RTP solutions.<\/p>\n

In the RTP market by vertical, the retail and ecommerce vertical is expected to grow at the highest CAGR during the forecast period. The rising demand for innovative and efficient instant payment solutions offered by banks and payment service providers is paving the way for retailers to prefer RTP. Most of the eCommerce firms prefer RTP solutions for an instant payment process and enhanced customer experience.<\/p>\n

North America is expected to hold the largest market size in the global RTP market, while Asia Pacific (APAC) is estimated to grow at the highest CAGR during the forecast period. The well-developed digital economy in North America and the expansion of the mobile commerce industry are the key factors contributing to the growth of the RTP market in this region. The RTP market in APAC has gained traction, due to the rising demand for quick, hassle-free, and secured payment systems.<\/p>\n

Speak to Our Expert Analyst @<\/strong> https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=103502782<\/a><\/p>\n

The major RTP vendors include ACI Worldwide (US), FIS (US), Fiserv (US), Mastercard (US), Worldline (France), PayPal (US), Visa (US), Apple (US), Ant Financial (China), INTELLIGENT PAYMENTS (Gibraltar), Tmenos (Swtizerland), Wirecard (Germany), Global Payments (US), Capgemini (France), IntegraPay (Australia), SIA (Italy), Obopay (India), Ripple (US), Pelican (UK), Finastra (UK), Nets (Denmark), FSS (India), Montran (US), REPAY (US) and iCon Solutions (UK). The market players have adopted the strategies of new product launches, product enhancements, acquisitions, collaborations, and partnerships to offer feature-rich products, solutions, and services to their customers and penetrate deeper into the unserved regions.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> MarketsandMarkets<\/a>
Contact Person:<\/strong> Mr. Shelly Singh
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 18886006441
Address:<\/strong>630 Dundee Road Suite 430
City:<\/strong> Northbrook
State:<\/strong> IL 60062
Country:<\/strong> India
Website:<\/strong> https:\/\/www.marketsandmarkets.com\/Market-Reports\/real-time-payments-market-103502782.html<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

ACI Worldwide (US), FIS (US), Fiserv (US), Mastercard (US), Worldline (France), PayPal (US), Visa (US), Apple (US), Ant Financial (China), INTELLIGENT PAYMENTS (Gibraltar), Tmenos (Swtizerland), Wirecard (Germany), Global Payments (US), Capgemini (France)\u2026 Real-Time Payments Market by Nature of Payment (P2P, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,412,411,414,416],"tags":[],"class_list":["post-464886","post","type-post","status-publish","format-standard","hentry","category-Business","category-News-Current-Affairs","category-Technology","category-Telecom","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/464886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=464886"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/464886\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=464886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=464886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=464886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}