Real-Time Payments Market was worth US$ 42.79 Bn. in 2021 and total revenue is expected to grow at a CAGR of 33.0 % from 2021 to 2029, reaching almost US$ 95.81 Bn. in 2029.Global Real-Time Payments Market Overview:
The payments industry is constantly looking for innovative methods to streamline procedures, cut costs, improve security, and, most importantly, improve consumer satisfaction. When it comes to real-time or instant payments, however, modernizing existing Automated Clearing House (ACH) rails will not be enough to accelerate the adoption of new innovative digital services and products, such as digital wallets. Instead, digital means will be required to enable real-time payments. When it comes to the adoption of innovative digital services enabled by a powerful real-time payment infrastructure. The major players in Industries are RTP Space and Fed now. India, the world's largest real-time payments market, continues to set the bar for what is achievable. For example, Unified Payments Interface (UPI), which is currently leading India's already-growing digital payments industry, with monthly transaction volumes and values increasing.To know about the Research Methodology :- Request Free Sample Report The significant growth in real-time payments in 2021 is undisputed. Maximize market research estimated that there were over 48.5 billion transactions in 2021, compared to around 34 billion in 2021. Due to the relatively early stage of development of many markets worldwide – the volume of real-time payment is currently heavily concentrated in the top 5 markets. Which are around 80 % of global transactions. By far the largest markets are China and India, which together accounted for around 60% of real-time payment. Particularly in India the volume of UPI and IMPS has seen remarkable growth of 112 % from 6 Bn. transactions to 113 Bn transactions in the last 12 months.
COVID-19 Impact on Real-Time Payments Market:
The pandemic affected every corner of the globe, and real-time payments are no exception. The usage of real-time payments accelerated during the pandemic. Over 130 financial institutions in the United States were in the process of implementing RTPs as of September 2021, a five-fold increase from September 2021. The Clearing House's RTP network now connects half of all demand deposit accounts in the United States. A live RTP rail was found in 56 countries, up from 14 countries just six years earlier. With 41 million payments per day, India had the largest RTP market in terms of volume. The Philippines had the largest yearly percentage value rise of 482 %. Bahrain experienced the biggest yearly percentage volume rise, at 657 %.Global Real-Time Payments Market Dynamics:
The ability of real-time payments to provide consumers and businesses with greater flexibility in making and receiving payments is likely to fuel growth. Businesses can also benefit from real-time payments by enhancing their cash flow and, as a result, their operational efficiencies, budgeting, and overall cash management. As a result, the market is predicted to rise due to the growing popularity of this payment form among businesses. According to MMR Research a payment system firm, 77 % of merchants glow expect real-time payments to eventually replace physical payment cards. Smartphone penetration has reached 70% in industrialized countries, while feature phones are frequently used to replace wallets and currency in many developing economies. Due to catalysts like as social platforms, digital currencies, and near-field communication (NFC) based payments, new domestic person-to-person (P2P) payment providers are springing up on a regular basis. The industry is undergoing significant change as a result of rapid technological advancement. New start-ups, spin-offs, and partnerships are bringing new payment choices. In recent years, a slew of new FinTech companies has emerged with an emphasis on mobile payments. New services, such as security with fraud detection and authentication, improved customer experience, or making funds available to small firms fast after their line of credit is granted, are usually the focus. The next stage for these businesses may be to determine whether real-time payments will become a core business aspect and how to develop an operating model to enable them to deliver better service. Businesses may use real-time payments to win, serve, and retain customers by providing them with more efficient, secure, and engaging commerce experiences. The convergence of eCommerce and real-time payments has aided in attracting new market participants who are providing simple, convenient solutions. Banks may face a number of issues as a result of the proliferation of participants, including the prospect of losing consumers to new financial services providers. Building a whole new payment infrastructure usually provides more flexibility, but it is also a pricey undertaking. The challenge of dealing with systems that were not designed for real-time notice and clearing is rarely solved by simply enhancing the Automated Clearing House (ACH). The ATM and PIN debit infrastructure would most likely entail aligning a variety of networks, integrating with bank cash management systems, and expanding the capacity to use those networks to rely on credit push instead of the existing debit pull processes, which would alter the economic models.Global Real-Time Payments Market Segment Analysis:
Global Real-Time Payments Market is segmented into Type, Component, and Enterprise size. Based on the Component, the market is sub-segmented into Solution and Service. In 2021, the solutions category dominated the real-time payments market, accounting for over 77.0 % of global revenue. Payment gateways, payment processing, and security and fraud management are all part of the solutions segment. Payment gateways combine payments from both online and in-store payment portals. Payment gateway service providers are seeing an increase in the volume of online payments in particular. In 2021, PayPal reported 277 million active PayPal accounts around the globe. According to the Europe Payments Council, in 2021, 36% of retailers in the United States accepted PayPal as a payment method. Technology advancements, combined with the increasing expansion of e-commerce, are boosting the demand for payment security and fraud control solutions. By 2024, the e-commerce market is estimated to be worth USD 6.54 trillion, necessitating the development of innovative, efficient, and secure payment security and fraud management solutions to handle all of the transactions. As a result, businesses all around the world are forming joint ventures to reduce the risk of fraudulent transactions. Based on Enterprise size, the market is sub-segmented into SEMs, Large Enterprises. The large enterprise segment led the market, accounting for more than 66.0 % of global sales. Businesses are putting a lot of money into real-time payment solutions to ensure that payments are processed quickly and easily. The increased preference for digital payment solutions among large retailers to provide a convenient checkout experience for their customers is fueling the segment's rise. At the same time, global corporations are investing in startups in rising markets like China and India to increase their regional footprint. Small and medium-sized businesses are expected to grow at the quickest rate during the projection period. Small and medium businesses are rapidly moving away from paper-based invoicing and toward digital invoicing. Simultaneously, payment partners are exploring a variety of methods, such as mergers and acquisitions and strategic partnerships, to assist small and medium businesses in digitizing their payment systems.
Global Real-Time Payments Market Regional Insights:
India - The digital payments ecosystem in India has grown at a compound annual growth rate (CAGR) of 55.1 % between 2017 and 2021, according to data from the Reserve Bank of India (RBI). The global payments sector is grappling with India's continued rapid growth in real-time and digital payments. So much so, in fact, that the country's extremely successful strategy is influencing the global development of real-time initiatives. China - The Chinese real-time payments sector is quite strong; in 2021, real-time payment transactions alone will exceed 16 billion. The People's Bank of China started the IBPS plan in 2010. (PBC). It provides two sorts of real-time payments: one-time and recurring payments. It also has two options for getting started (bank account and/or mobile number). Most local and foreign banks in China have internet banking capabilities, which the scheme incorporates and utilizes. Customers can now conduct real-time online transactions. UK and Europe - UK's real-time strategy is based on a Request to Pay (R2P) model. R2P is a digital request that the payer receives on their mobile device, either from a banking application or a third-party FinTech application that drives real-time payments usage through digital form factors. The payer will either approve or reject the request after that. If this is accepted, a real-time credit transfer to the payee will be initiated automatically. In the United Kingdom, real-time payments have been accessible for nearly fifteen years. And growth is expected to pick up until 2023, then slow down until after 2025. This would result in a CAGR of 11.6 % over five years. These payment systems, on the other hand, are distinct from real-time payment schemes because they offer a "digital customer experience overlay." The underlying payment rail for R2P could be in the form of a card, whereas systems for real-time payments are being developed across the EU. The European Payments Initiative (EPI) is being researched in Europe as a way to compete with existing card schemes. This is in addition to the existing real-time payment systems in use across the continent. South America - The Brazilian PIX, which combines real-time rail and digital overlay capabilities, was released in 2021. The Brazilian central government was the first to implement this new system, and the volume of transactions in Brazil increased by about 50% between May 2021 and April 2022, according to estimates. Brazil has advanced to the next level in terms of real-time payments thanks to PIX. Argentina has two real-time payment systems which were introduced in 2016, and DEBIN, which was introduced in September 2017. Because both are still in the early stages of development, transaction volumes are minimal. However, this may not be the case in the future. With a year-over-year increase of 145 % and a robust adoption forecast.Report Key Objectives
• Comprehensive analysis for stakeholders in the Real time Payment industry. • Key players that include market leaders, followers, and new entrants. • PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market • Real-Time Payments Market Dynamics, structure by analyzing the market segments and Global view of the market. • Market strategies and Technology trends • Competitor benchmarking and Evaluation of potential co-operation partnersGlobal Real-Time Payments Market Scope: Inquire before buying
Global Real-Time Payments Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 42.79 Bn. Forecast Period 2022 to 2029 CAGR: 33.0% Market Size in 2029: US $ 95.81 Bn. Segments Covered: by Type • 24x7x365 • Bank Operating time by Component • Solution • Service by Enterprise Size • Small and Medium Enterprises • Large Enterprises Global Real-Time Payments Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaGlobal Real-Time Payments Market key player
• ACI Worldwide • FIS, Fiserv • MasterCard • World line • PayPal • Visa, Apple • Ant Financial • INTELLIGENT PAYMENTS • Wire card • Global Payments • Capgemini • Integra Pay • SIA • Obopay • Ripple • Pelican • Finastra • Nets • FSS • Montran • REPAY • Icon Solutions.Frequently Asked Questions:
1. Which region has the largest share in Global Real-Time Payments Market? Ans: India region holds the highest share in 2021. 2. What is the growth rate of Global Real-Time Payments Market? Ans: The Global Real-Time Payments Market is growing at a CAGR of 33% during forecasting period 2022-2029. 3. What is scope of the Global Real-Time Payments market report? Ans: Global Real-Time Payments Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Real-Time Payments market? Ans: The important key players in the Global Real-Time Payments Market are – ACI Worldwide, FIS, Fiserv, MasterCard, World line, PayPal, Visa, Apple, Ant Financial, INTELLIGENT PAYMENTS, Wire card, Global Payments, Capgemini, Integra Pay, SIA, Obopay, Ripple, Pelican, Finastra, Nets, FSS, Montran, REPAY, and Icon Solutions. 5. What is the study period of this market? Ans: The Global Real-Time Payments Market is studied from 2021 to 2029.
1. Preface 1.1. Research Objectives 1.2. Research Highlights 1.3. Report Scope and Market Segmentation 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Real Time Payment Size, by Value (US$) and Volume (Unit) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Real Time Payment Market Industry Trends 4.8. Industry Trends 4.9. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Real Time Payment Market Analysis and Forecast 6.1. Global Real Time Payment Market Size& Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Real Time Payment Market Analysis and Forecast, BY Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Real Time Payment Market Value Share Analysis, BY Type 7.4. Global Real Time Payment Market Size (US$ Bn) Forecast, BY Type 7.5. Global Real Time Payment Market Analysis, BY Type 7.6. Global Real Time Payment Market Attractiveness Analysis, BY Type 8. Global Real Time Payment Market Analysis and Forecast, By Component 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Real Time Payment Market Value Share Analysis, By Component 8.4. Global Real Time Payment Market Size (US$ Bn) Forecast, By Component 8.5. Global Real Time Payment Market Analysis, By Component 8.6. Global Real Time Payment Market Attractiveness Analysis, By Component 9. Global Real Time Payment Market Analysis and Forecast, By Enterprise Size 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Real Time Payment Market Value Share Analysis, By Enterprise Size 9.4. Global Real Time Payment Market Size (US$ Bn) Forecast, By Enterprise Size 9.5. Global Real Time Payment Market Analysis, BY ENTERPRISE SIZE 9.6. Global Real Time Payment Market Attractiveness Analysis, By Enterprise Size 10. Global Real Time Payment Market Analysis, by Region 10.1. Global Real Time Payment Market Value Share Analysis, by Region 10.2. Global Real Time Payment Market Size (US$ Bn) Forecast, by Region 10.3. Global Real Time Payment Market Attractiveness Analysis, by Region 11. North America Real Time Payment Market Analysis 11.1. Key Findings 11.2. North America Real Time Payment Market Overview 11.3. North America Real Time Payment Market Value Share Analysis, BY Type 11.4. North America Real Time Payment Market Forecast, BY Type 11.4.1. 24x7x365 11.4.2. Bank Operating time 11.5. North America Real Time Payment Market Value Share Analysis, By Component 11.6. North America Real Time Payment Market Forecast, By Component 11.6.1. Solution 11.6.2. Service 11.7. North America Real Time Payment Market Value Share Analysis, By Enterprise Size 11.8. North America Real Time Payment Market Forecast, By Enterprise Size 11.8.1. Small and Medium Enterprises 11.8.2. Large Enterprises 11.9. North America Real Time Payment Market Value Share Analysis, by Country 11.10. North America Real Time Payment Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Real Time Payment Market Analysis, by Country 11.12. U.S. Real Time Payment Market Forecast, BY Type 11.12.1. 24x7x365 11.12.2. Bank Operating time 11.13. U.S. Real Time Payment Market Forecast, By Component 11.13.1. Solution 11.13.2. Service 11.14. U.S. Real Time Payment Market Forecast, By Enterprise Size 11.14.1. Small and Medium Enterprises 11.14.2. Large Enterprises 11.15. Canada Real Time Payment Market Forecast, BY Type 11.15.1. 24x7x365 11.15.2. Bank Operating time 11.16. Canada Real Time Payment Market Forecast, By Component 11.16.1. Solution 11.16.2. Service 11.17. Canada Real Time Payment Market Forecast, By Enterprise Size 11.17.1. Small and Medium Enterprises 11.17.2. Large Enterprises 11.18. North America Real Time Payment Market Attractiveness Analysis 11.18.1. BY Type 11.18.2. By Component 11.18.3. By Enterprise Size 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Real Time Payment Market Analysis 12.1. Key Findings 12.2. Europe Real Time Payment Market Overview 12.3. Europe Real Time Payment Market Value Share Analysis, BY Type 12.4. Europe Real Time Payment Market Forecast, BY Type 12.4.1. 24x7x365 12.4.2. Bank Operating time 12.5. Europe Real Time Payment Market Value Share Analysis, By Component 12.6. Europe Real Time Payment Market Forecast, By Component 12.6.1. Solution 12.6.2. Service 12.7. Europe Real Time Payment Market Value Share Analysis, By Enterprise Size 12.8. Europe Real Time Payment Market Forecast, By Enterprise Size 12.8.1. Small and Medium Enterprises 12.8.2. Large Enterprises 12.9. Europe Real Time Payment Market Value Share Analysis, by Country 12.10. Europe Real Time Payment Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Real Time Payment Market Analysis, by Country/ Sub-region 12.12. Germany Real Time Payment Market Forecast, BY Type 12.12.1. 24x7x365 12.12.2. Bank Operating time 12.13. Germany Real Time Payment Market Forecast, By Component 12.13.1. Solution 12.13.2. Service 12.14. Germany Real Time Payment Market Forecast, By Enterprise Size 12.14.1. Small and Medium Enterprises 12.14.2. Large Enterprises 12.15. U.K. Real Time Payment Market Forecast, BY Type 12.15.1. 24x7x365 12.15.2. Bank Operating time 12.16. U.K. Real Time Payment Market Forecast, By Component 12.16.1. Solution 12.16.2. Service 12.17. U.K. Real Time Payment Market Forecast, By Enterprise Size 12.17.1. Small and Medium Enterprises 12.17.2. Large Enterprises 12.18. France Real Time Payment Market Forecast, BY Type 12.18.1. 24x7x365 12.18.2. Bank Operating time 12.19. France Real Time Payment Market Forecast, By Component 12.19.1. Solution 12.19.2. Service 12.20. France Real Time Payment Market Forecast, By Enterprise Size 12.20.1. Small and Medium Enterprises 12.20.2. Large Enterprises 12.21. Italy Real Time Payment Market Forecast, BY Type 12.21.1. 24x7x365 12.21.2. Bank Operating time 12.22. Italy Real Time Payment Market Forecast, By Component 12.22.1. Solution 12.22.2. Service 12.23. Italy Real Time Payment Market Forecast, By Enterprise Size 12.23.1. Small and Medium Enterprises 12.23.2. Large Enterprises 12.24. Spain Real Time Payment Market Forecast, BY Type 12.24.1. 24x7x365 12.24.2. Bank Operating time 12.25. Spain Real Time Payment Market Forecast, By Component 12.25.1. Solution 12.25.2. Service 12.26. Spain Real Time Payment Market Forecast, By Enterprise Size 12.26.1. Small and Medium Enterprises 12.26.2. Large Enterprises 12.27. Rest of Europe Real Time Payment Market Forecast, BY Type 12.27.1. 24x7x365 12.27.2. Bank Operating time 12.28. Rest of Europe Real Time Payment Market Forecast, By Component 12.28.1. Solution 12.28.2. Service 12.29. Rest of Europe Real Time Payment Market Forecast, By Enterprise Size 12.29.1. Small and Medium Enterprises 12.29.2. Large Enterprises 12.30. Europe Real Time Payment Market Attractiveness Analysis 12.30.1. BY Type 12.30.2. By Component 12.30.3. By Enterprise Size 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific Real Time Payment Market Analysis 13.1. Key Findings 13.2. Asia Pacific Real Time Payment Market Overview 13.3. Asia Pacific Real Time Payment Market Value Share Analysis, BY Type 13.4. Asia Pacific Real Time Payment Market Forecast, BY Type 13.4.1. 24x7x365 13.4.2. Bank Operating time 13.5. Asia Pacific Real Time Payment Market Value Share Analysis, By Component 13.6. Asia Pacific Real Time Payment Market Forecast, By Component 13.6.1. Solution 13.6.2. Service 13.7. Asia Pacific Real Time Payment Market Value Share Analysis, By Enterprise Size 13.8. Asia Pacific Real Time Payment Market Forecast, By Enterprise Size 13.8.1. Small and Medium Enterprises 13.8.2. Large Enterprises 13.9. Asia Pacific Real Time Payment Market Value Share Analysis, by Country 13.10. Asia Pacific Real Time Payment Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Real Time Payment Market Analysis, by Country/ Sub-region 13.12. China Real Time Payment Market Forecast, BY Type 13.12.1. 24x7x365 13.12.2. Bank Operating time 13.13. China Real Time Payment Market Forecast, By Component 13.13.1. Solution 13.13.2. Service 13.14. China Real Time Payment Market Forecast, By Enterprise Size 13.14.1. Small and Medium Enterprises 13.14.2. Large Enterprises 13.15. India Real Time Payment Market Forecast, BY Type 13.15.1. 24x7x365 13.15.2. Bank Operating time 13.16. India Real Time Payment Market Forecast, By Component 13.16.1. Solution 13.16.2. Service 13.17. India Real Time Payment Market Forecast, By Enterprise Size 13.17.1. Small and Medium Enterprises 13.17.2. Large Enterprises 13.18. Japan Real Time Payment Market Forecast, BY Type 13.18.1. 24x7x365 13.18.2. Bank Operating time 13.19. Japan Real Time Payment Market Forecast, By Component 13.19.1. Solution 13.19.2. Service 13.20. Japan Real Time Payment Market Forecast, By Enterprise Size 13.20.1. Small and Medium Enterprises 13.20.2. Large Enterprises 13.21. ASEAN Real Time Payment Market Forecast, BY Type 13.21.1. 24x7x365 13.21.2. Bank Operating time 13.22. ASEAN Real Time Payment Market Forecast, By Component 13.22.1. Solution 13.22.2. Service 13.23. ASEAN Real Time Payment Market Forecast, By Enterprise Size 13.23.1. Small and Medium Enterprises 13.23.2. Large Enterprises 13.24. Rest of Asia Pacific Real Time Payment Market Forecast, BY Type 13.24.1. 24x7x365 13.24.2. Bank Operating time 13.25. Rest of Asia Pacific Real Time Payment Market Forecast, By Component 13.25.1. Solution 13.25.2. Service 13.26. Rest of Asia Pacific Real Time Payment Market Forecast, By Enterprise Size 13.26.1. Small and Medium Enterprises 13.26.2. Large Enterprises 13.27. Asia Pacific Real Time Payment Market Attractiveness Analysis 13.27.1. BY Type 13.27.2. By Component 13.27.3. By Enterprise Size 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa Real Time Payment Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Real Time Payment Market Overview 14.3. Middle East & Africa Real Time Payment Market Value Share Analysis, BY Type 14.4. Middle East & Africa Real Time Payment Market Forecast, BY Type 14.4.1. 24x7x365 14.4.2. Bank Operating time 14.5. Middle East & Africa Real Time Payment Market Value Share Analysis, By Component 14.6. Middle East & Africa Real Time Payment Market Forecast, By Component 14.6.1. Solution 14.6.2. Service 14.7. Middle East & Africa Real Time Payment Market Value Share Analysis, By Enterprise Size 14.8. Middle East & Africa Real Time Payment Market Forecast, By Enterprise Size 14.8.1. Small and Medium Enterprises 14.8.2. Large Enterprises 14.9. Middle East & Africa Real Time Payment Market Value Share Analysis, by Country 14.10. Middle East & Africa Real Time Payment Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Real Time Payment Market Analysis, by Country/ Sub-region 14.12. GCC Real Time Payment Market Forecast, BY Type 14.12.1. 24x7x365 14.12.2. Bank Operating time 14.13. GCC Real Time Payment Market Forecast, By Component 14.13.1. Solution 14.13.2. Service 14.14. GCC Real Time Payment Market Forecast, By Enterprise Size 14.14.1. Small and Medium Enterprises 14.14.2. Large Enterprises 14.15. South Africa Real Time Payment Market Forecast, BY Type 14.15.1. 24x7x365 14.15.2. Bank Operating time 14.16. South Africa Real Time Payment Market Forecast, By Component 14.16.1. Solution 14.16.2. Service 14.17. South Africa Real Time Payment Market Forecast, By Enterprise Size 14.17.1. Small and Medium Enterprises 14.17.2. Large Enterprises 14.18. Rest of Middle East & Africa Real Time Payment Market Forecast, BY Type 14.18.1. 24x7x365 14.18.2. Bank Operating time 14.19. Rest of Middle East & Africa Real Time Payment Market Forecast, By Component 14.19.1. Solution 14.19.2. Service 14.20. Rest of Middle East & Africa Real Time Payment Market Forecast, By Enterprise Size 14.20.1. Small and Medium Enterprises 14.20.2. Large Enterprises 14.21. Middle East & Africa Real Time Payment Market Attractiveness Analysis 14.21.1. BY Type 14.21.2. By Component 14.21.3. By Enterprise Size 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America Real Time Payment Market Analysis 15.1. Key Findings 15.2. South America Real Time Payment Market Overview 15.3. South America Real Time Payment Market Value Share Analysis, BY Type 15.4. South America Real Time Payment Market Forecast, BY Type 15.4.1. 24x7x365 15.4.2. Bank Operating time 15.5. South America Real Time Payment Market Value Share Analysis, By Component 15.6. South America Real Time Payment Market Forecast, By Component 15.6.1. Solution 15.6.2. Service 15.7. South America Real Time Payment Market Value Share Analysis, By Enterprise Size 15.8. South America Real Time Payment Market Forecast, By Enterprise Size 15.8.1. Small and Medium Enterprises 15.8.2. Large Enterprises 15.9. South America Real Time Payment Market Value Share Analysis, by Country 15.10. South America Real Time Payment Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Real Time Payment Market Analysis, by Country/ Sub-region 15.12. Brazil Real Time Payment Market Forecast, BY Type 15.12.1. 24x7x365 15.12.2. Bank Operating time 15.13. Brazil Real Time Payment Market Forecast, By Component 15.13.1. Solution 15.13.2. Service 15.14. Brazil Real Time Payment Market Forecast, By Enterprise Size 15.14.1. Small and Medium Enterprises 15.14.2. Large Enterprises 15.15. Mexico Real Time Payment Market Forecast, BY Type 15.15.1. 24x7x365 15.15.2. Bank Operating time 15.16. Mexico Real Time Payment Market Forecast, By Component 15.16.1. Solution 15.16.2. Service 15.17. Mexico Real Time Payment Market Forecast, By Enterprise Size 15.17.1. Small and Medium Enterprises 15.17.2. Large Enterprises 15.18. Rest of South America Real Time Payment Market Forecast, BY Type 15.18.1. 24x7x365 15.18.2. Bank Operating time 15.19. Rest of South America Real Time Payment Market Forecast, By Component 15.19.1. Solution 15.19.2. Service 15.20. Rest of South America Real Time Payment Market Forecast, By Enterprise Size 15.20.1. Small and Medium Enterprises 15.20.2. Large Enterprises 15.21. South America Real Time Payment Market Attractiveness Analysis 15.21.1. BY Type 15.21.2. By Component 15.21.3. By Enterprise Size 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Competitive Landscape 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A By Regions, Investment, Applications 16.2.3.2. M&A Key Players, Forward Integration, Backward Integration 16.3. Company Profiles: Key Players 16.3.1. ACI Worldwide 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Development Footprint 16.3.2. FIS, Fiserv 16.3.3. Mastercard 16.3.4. Worldline 16.3.5. PayPal 16.3.6. Visa, 16.3.7. Apple 16.3.8. Ant Financial 16.3.9. INTELLIGENT PAYMENTS 16.3.10. Tmenos 16.3.11. Wirecard 16.3.12. Global Payments 16.3.13. Capgemini 16.3.14. IntegraPay 16.3.15. SIA 16.3.16. Obopay 16.3.17. Ripple 16.3.18. Pelican 16.3.19. Finastra 16.3.20. Nets 16.3.21. FSS 16.3.22. Montran 16.3.23. REPAY 16.3.24. iCon Solutions. 17. Primary Key Insights