The value of transactions processed using a real-time payment, or instant payment, technology is forecast to grow by 289 percent between 2023 and 2030. This is according to a market estimate made in early 2023, based on various conditions and sources available at that time. As the name suggests, real-time payments refers to payment settlements that are performed on a near-instantaneous basis. Typically, these are payments that do not belong to a card rail - or the networks operated by Visa or MasterCard - but are instead performed on a bank rail. The biggest example of a real-time payments scheme is UPI (Unified Payments Interface) in India, a scheme developed by the country's central bank and which enables providers to process payments almost immediately. The country with the highest growth in instant payments, however, is Brazil - due to the growing popularity of domestic scheme Pix.
Market size of real-time payments worldwide in 2024, with a forecast for 2028
(in billion U.S. dollars)
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Juniper Research. (April 29, 2024). Market size of real-time payments worldwide in 2024, with a forecast for 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1387179/instant-payments-global-market-size/
Juniper Research. "Market size of real-time payments worldwide in 2024, with a forecast for 2028 (in billion U.S. dollars)." Chart. April 29, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1387179/instant-payments-global-market-size/
Juniper Research. (2024). Market size of real-time payments worldwide in 2024, with a forecast for 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1387179/instant-payments-global-market-size/
Juniper Research. "Market Size of Real-time Payments Worldwide in 2024, with a Forecast for 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Apr 2024, https://www.statista.com/statistics/1387179/instant-payments-global-market-size/
Juniper Research, Market size of real-time payments worldwide in 2024, with a forecast for 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1387179/instant-payments-global-market-size/ (last visited November 22, 2024)
Market size of real-time payments worldwide in 2024, with a forecast for 2028 (in billion U.S. dollars) [Graph], Juniper Research, April 29, 2024. [Online]. Available: https://www.statista.com/statistics/1387179/instant-payments-global-market-size/
