Instant payments technology has the potential to improve the infrastructure of financial institutions with a solution that is meant for the digital world. Financial institutions can use instant payments to make the online payment experience more efficient. The technology improves privacy for consumers as they do not need to share bank details when requesting a payment, only an email or phone number. This reduces the risk of having personal data being stolen as mobile phones are omnipresent for both consumers and merchants. Introducing P2P platforms that use instant payments services will be an effective way to push the technology’s adoption in more countries.
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.
Who Are The Major Players In The Instant Payments 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.
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Market segmentation
The Instant Payments market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Market Segmentation
By Nature of Payment
- Person-to-Person (P2P)
- Person-to-Business (P2B)
- Business-To-Person (B2P)
- Other
By Deployment Mode
- Cloud
- On-Premises
- By Enterprise Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
By End User
- BFSI
- Retail and E-Commerce
- Government
- IT and Telecommunications
- Energy and Utilities
- Others
Regional Analysis for COVID-19 Outbreak-Global Instant Payments Market:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Instant Payments Report Provides Insights Into The Following Queries:
- Market growth rate and growth momentum of Instant Payments market for the period 2023-2030
- The estimated size of the Instant Payments market for the period 2023-2030
- Sales (volume), revenue, and value analysis by regions of Instant Payments market
- The associated market risk, opportunity, and market overview of the Instant Payments market
- Major distributors, dealers, end-users, and traders of the Instant Payments market?
This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Instant Payments market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Instant Payments market segments and regions.
Reasons to Buy
- Discover the general trend of the instant payments sector across the world.
- Identify the market leaders and understand why countries and companies are motivated to adopt instant payments.
- Understand the different approaches taken towards adopting instant payments.
- Establish how blockchain challenges instant payments technology.
Key Industry Developments in the Instant Payment Market
- 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 ACI’s global leadership in powering domestic and pan-regional real-time schemes reaching billions worldwide.
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