Real-Time Payments Market Size

Real-Time Payments Market size was over USD 28.79 billion in 2024 and is projected to cross USD 1.49 trillion by the end of 2037, growing at more than 35.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of real-time payments is estimated at USD 37.08 billion. The growth of this market can be attributed to the increasing adoption of real-time payments trends in numerous industries. With companies and government getting aware of the advantages and benefits of this payments system the demand for this market is expected to rise in the projection period. As per recently published data, over 70 countries in six continents promote the real-time payments system with growth in transaction volume of USD 193 billion in the year 2022 registering a year-on-year growth of 63%.

Additionally, increasing penetration of mobile devices and escalating online shopping trends is predicted to majorly drive the growth of the real-time payments market. Moreover, the emergence of smartphone point-on-sale (POS) systems, and enhancement in payment methods are significant factors boosting the real-time payments sector expansion. Picky consumers are progressively switching to their mobile devices to pay merchants, billers, social networks, and many other entities. Policymakers have lagged behind the private sector in terms of innovation as a tactic to promote online trade; nonetheless, increased usage of real-time payments might allow the government to increase tax collection rates and fortify anti-fraud programs.