Real-time payments are totally electronic interbank transfers of money from one bank to another that give the payer and the recipient confirmation of the transaction within a minute or less. Due to their advantages over traditional methods of money transfer, such as cost, speed, and efficiency, real-time payments are appealing to both businesses and consumers. One of the primary advantages of real-time payments that is driving the market's growth is the capacity to execute transactions in real-time, as well as the adaptability of payment devices, shorter transaction times, and increased convenience. Consumers and retailers may now make real-time payments using their smartphones because to businesses' growing acceptance of them, the rise in smartphone use, and increased connectivity.

The demand for real-time payment systems has considerably increased after the COVID-19 outbreak. Due to a number of unexpected issues, including payment methods that need physical touch, merchants and customers are now contemplating contactless payment options, such as smartphone-based apps designed to make contactless and real-time purchases. According to a software company, ACI Worldwide, Inc., there were over 70.3 billion real-time payment transactions performed globally in the past. Real-time payment volume rose during the COVID-19 outbreak.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ACI Worldwide, Inc., Mastercard Inc., Finastra, Visa Inc., PayPal Holdings, Inc., Fiserv, Inc., Fidelity National Information Services, Inc. (FIS Inc.), Wirecard AG,Worldpay, Inc., Temenos AG, Montran Corporation,Volante Technologies Inc. 

By Component: Based on the Component, Global Real Time Payments Market is segmented as; Services, Solutions (Advisory Services, Integration & Implementation Services, Managed Services, Payment Gateway, Payment Processing, Security & Fraud Management).

By Deployment: Based on the Deployment, Global Real Time Payments Market is segmented as; Cloud, On Premise.

By End Use Industry: Based on the End Use Industry Global Real Time Payments Market is segmented as; (BFSI, Energy & Utilities, Government, Healthcare, IT & Telecom, Retail & E-commerce ,Travel & Tourism, Others).

By Enterprise Size: Based on the Enterprise Size, Global Real Time Payments Market is segmented as; Large Enterprise, Small and Medium Enterprises.

By Payment Type: Based on the Payment Type, Global Real Time Payments Market is segmented as; P2B, B2B , P2P,Others.

By Region: The Global Real Time Payments Market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. In previous year, Asia Pacific held the largest request share, of worldwide  profit. Over the protuberance period, the indigenous request is anticipated to grow at the quickest CAGR. Growth of the indigenous request is anticipated to be driven by the adding relinquishment of real- time payment  results by large- scale as well as small- and medium- scale businesses in Asia Pacific. numerous businesses in the Asia Pacific area are putting a lot of trouble into digitising their  diurnal operations, which is anticipated to increase demand for real- time payment  results.  Over the cast period, North America is anticipated to  witness  harmonious growth. There are several significant original players in the transnational  request. the adding indigenous population in North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.