Real Time Payments Market, By Component (Solutions and Services), By Payment Type (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), Business-to-Business (B2B), and Others), By Deployment Mode (Cloud-based and On-premise), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Mar 2025

Code : CMI7770

Pages :167

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Real Time Payments Market Concentration By Players

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Key Developments:

In October 2024, Mastercard, a global payment technology leader, announced the launch of its real-time card payment solution in South Africa
In April 2023, Visa, a player engaged in digital payments, partnered with PayPal and Venmo, U.S.-based fintech companies, to pilot Visa+, a service that enables individuals to move money quickly and securely between different person-to-person (P2P) digital payment apps

Top Strategies Followed by Global Real Time Payments Market Players

Established Players: Leading companies in the global real time payments market heavily invest in research and development to consistently innovate and develop high-performance solutions. For example, companies like FIS, Fiserv, and Mastercard dedicate more than 10% of their annual revenues towards R&D activities focused on Blockchain, AI, and biometric technologies to enhance existing payment platforms. This allows them to stay ahead of the curve in terms of technology and maintain market leadership.
Mid-Level Players: Mid-size players in the industry aim to deliver quality and affordability. They develop cost-competitive products with comparable functionality to large-scale competitors. For instance, companies such as ACI Worldwide and Worldline provide real-time payment gateways integrated with ERP and accounting software at lower monthly licensing fees. This helps them attract price-sensitive small and medium enterprises as clients.
Small-Scale Players: Small startups try to identify and fill gaps in existing product lines. They focus on specialized segments left untapped by larger firms. For example, companies like Modo Payments and Dwolla offer highly customizable APIs and SDKs for developers building customized payment solutions. This niche approach helps them find opportunities without direct competition from established brands.

Emerging Startups – Real Time Payments Industry Ecosystem

Innovative Technologies: Many promising startups are advancing the industry through groundbreaking innovations. For instance, companies like Nium and Currencycloud are leveraging open banking APIs, AI and Blockchain to develop seamless cross-border payment platforms. Such platforms allow for faster global money transfers at lower costs compared to traditional methods. Their adoption could significantly benefit the payments ecosystem in the coming years.
Market Contribution: Startups also address the niche needs of certain customer groups. For example, emerging firms like Tipalti and Payoneer offer specialized accounts payable automation solutions tailored for the gig economy. Their hyper-focused platforms allow platforms to manage domestic and international contractor payments easily. This expands the potential of real-time transactions to various industries.

Key Players Insights