Real-Time Payment Market to Reach US$ 418.9 Bn by 2029: ACI Worldwide, FIS, MasterCard Leading Playe

Krajput20 Jan, 2025News

The Real-Time Payments Market has seen remarkable growth, with a value of US$ 56.9 billion in 2022. It is anticipated to experience a significant compound annual growth rate (CAGR) of 33.0% from 2023 to 2029, reaching nearly US$ 418.9 billion by 2029. This growth is attributed to the increasing adoption of real-time payment systems by businesses and consumers globally. Real-time payments offer several advantages, including faster transaction processing, improved cash flow management, and enhanced customer experience. The market's expansion is also driven by factors such as the growing demand for digital payment solutions, the rise in smartphone penetration, and the shift towards cashless transactions. Additionally, regulatory initiatives promoting real-time payment systems are further propelling market growth.