Real-Time Payments Market - Size, Share, Industry Trends, and Forecasts (2025-2032)

By Payment Type:

Based on payment type, the market is segmented into Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), Business-to-Business (B2B), and others (e.g., Business-to-Government (B2G), Government-to-Business (G2B), Person-to-Government (P2G), Government-to-Person (G2P)).

The Business-to-Business (B2B) segment accounted for the largest revenue in real-time payments market share of 30.75% in 2024.

• Businesses are increasingly leveraging instant payments to streamline transactions, reduce processing delays, and improve cash flow management.
• The integration of immediate money transfers with enterprise resource planning (ERP) systems enhances operational efficiency and facilitates instant settlements.
• Increased adoption of automated and digital payment solutions by enterprises further contributes to real-time payments market expansion.
• The high transaction volume and the necessity for faster, more secure payment processing support the dominance of the B2B segment.
• Therefore, according to real-time payments market analysis, these aforementioned factors drive the revenue share of the B2B segment in the market.

The Person-to-Business (P2B) segment is anticipated to register the fastest CAGR during the forecast period.

• The increasing use of instant payments for e-commerce, bill payments, and retail transactions boosts the real-time payments market trend in this segment.
• The growing adoption of digital wallets, QR code payments, and contactless transactions enhances the penetration of instant payments in P2B transactions.
• Enhanced customer experience and convenience, coupled with rising smartphone penetration, further accelerate real-time payments market trend.
• Thus, according to real-time payments market analysis, the above-mentioned factors contribute to the rapid growth of the P2B segment in the market.

By Component:

Based on component, the market is segmented into solutions (payment gateway solutions, payment processing solutions, and payment security and fraud management solutions) and services (professional services and managed services).

The payment processing solutions segment accounted for the largest revenue in real-time payments market share in 2024.

• Businesses and financial institutions utilize payment processing solutions to facilitate secure and instant transactions.
• The increased deployment of Application Programming Interfaces (APIs) and cloud-based payment processing systems enhances efficiency and scalability.
• Rising transaction volumes in retail, BFSI, and e-commerce sectors contribute to the market share of this segment.
• Therefore, according to the market analysis, these aforementioned trends support the dominance of the payment processing solutions segment in the market.

The payment security and fraud management solutions segment is anticipated to register the fastest CAGR during the forecast period.

• The increasing instances of cyber threats and fraud risks drive the real-time payments market demand for advanced security solutions in real-time payment transactions.
• Implementation of artificial intelligence (AI)-driven fraud detection, biometric authentication, and blockchain-based security measures enhances real-time payment security.
• Regulatory compliance requirements and consumer demand for secure transactions accelerate the adoption of fraud management solutions.
• Thus, according to the market analysis, these aforementioned trends support the rapid growth of the payment security and fraud management solutions segment.

By Deployment Mode:

Based on deployment mode, the market is segmented into on-premises and cloud.

The cloud segment accounted for the largest revenue share in 2024 and is anticipated to register the fastest CAGR during the forecast period.

• Cloud-based real-time payment solutions offer scalability, cost-efficiency, and seamless integration with digital payment ecosystems.
• The adoption of Software-as-a-Service (SaaS) models and API-based platforms accelerates cloud deployment.
• Enhanced security protocols, real-time data analytics, and flexibility in managing transactions support the trend of cloud-based solutions.
• Thus, according to the market analysis, these aforementioned factors contribute to both the high revenue share and projected growth of the cloud segment in the market.

By Enterprise Size:

Based on enterprise size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.

The large enterprises segment accounted for the largest revenue share in 2024.

• Large enterprises utilize instant payments to enhance transaction speed, optimize working capital, and improve liquidity management.
• Integration of immediate payments with enterprise financial systems improves efficiency and reduces reconciliation efforts.
• The increasing adoption of real-time cross-border payment solutions by multinational corporations supports the adoption of this segment.
• Therefore, according to the market analysis, these aforementioned factors drive the dominance of the large enterprises segment in the market.

The small and medium-sized enterprises (SMEs) segment is anticipated to register the fastest CAGR during the forecast period.

• SMEs are rapidly adopting instant transfers to enhance cash flow management and improve operational efficiency.
• The proliferation of digital banking solutions and mobile payment applications facilitates the adoption of real-time payment systems among SMEs.
• The increasing availability of cost-effective cloud-based real-time payment solutions further accelerates market penetration.
• Thus, according to the market analysis, these aforementioned trends contribute to the high growth rate of the SMEs segment in the market.

By End-Use Industry:

Based on end-use industry, the market is segmented into banking, financial services, and insurance (BFSI), retail and e-commerce, IT and telecommunications, government, energy and utilities, and others (e.g., healthcare, media and entertainment, manufacturing, transport, travel and hospitality, education).

The BFSI segment accounted for the largest revenue share in 2024.

• The BFSI sector utilizes instant fund transfers for instant fund transfers, account settlements, and fraud prevention.
• Financial institutions and fintech firms implement real-time payment infrastructure to improve customer experiences and transaction transparency.
• The increasing adoption of open banking APIs and instant clearing systems supports the BFSI sector’s market share.
• Therefore, according to the market analysis, these aforementioned trends contribute to the significant revenue share of the BFSI segment in the market.

The retail and e-commerce segment is anticipated to register the fastest CAGR during the forecast period.

• The surge in online shopping, mobile commerce, and digital wallets drives real-time payment adoption in the retail sector.
• Businesses leverage real-time payments to offer seamless checkout experiences and instant refunds, enhancing customer satisfaction.
• The rising real-time payments market demand for frictionless, contactless, and QR-based payment methods further supports real-time payments market opportunities.
• Thus, according to the market analysis, these aforementioned trends contribute to the rapid growth of the retail and e-commerce segment in the market.