Real Time Payment Market By Global Industry Size, Share, Trends, Opportunity and Forecast 2024 - TechSci Research
Global Real Time Payment market is expected to grow at a robust CAGR of around 30% during the forecast period. The global real time payment market is driven by the growing number of mobile phone users and increasing traction for instant payment transfers among population. Additionally, increasing cashless transactions, and increasing popularity of internet and mobile banking among the population is further projected to propel the growth of market during the next five years. The Global Real Time Payment market is segmented based on nature of payment, component, deployment mode, end user, company and region. Based on nature of payment, the market can be categorized into P2P, P2B, B2P. The P2B segment is expected to hold a significant market share owing to the growing volume of digital real time transactions. Based on component, the market can be bifurcated into solutions and services. The solutions segment is expected to dominate the market attributable to the growing customer preferenc...