Global Real-Time Payment Market 2023

1. Management Summary2. GlobalReal-Time Payment Market Overview and Developments, January 2023Real-Time Payment Market Size, in USD billion, 2022 & 2028fTotal Value of Savings for Consumers and Businesses Facilitated by Real-Time Payments Across 30 Key Markets, in USD billion, 2021 & 2026fTotal GDP Facilitated by Real-Time Payments Across 30 Markets, in USD billion, 2021 & 2026fShare of Large Firms Using Real-Time Payments and That Consider the Capability Highly Important, in %, July 2022Share of Companies That Plan to Expand Their RTP Capabilities in the Next 12 Months or Are Already Doing So, in %, July 2022Share of Companies Viewing Real-Time Payments As Important for Receiving Payments, by Revenue, in %, July 20223. Asia-Pacific3.1. ChinaTotal Number of Real-Time Transactions, in billions, 2022 & 2027f3.2. IndiaTotal Number of Real-Time Transactions, in billions, 2022 & 2027fVolume of UPI-Based Real-Time Payment Transactions, in billions, January – June 2022Total Value of Transactions via UPI, in INR billion, January – June 20223.3. JapanZengin System Overview, January 2023Volume of Small-Value Transactions in Zengin Core Time System, in thousands, & Value of Small Transactions, in JPY million, & Year-On-Year Change, in %, January - October 20223.4. South KoreaTotal Number of Real-Time Transactions, in billions, 2022 & 2027f3.5. AustraliaOverview of New Payments Platform (NPP), January 2023Share of PayID Users Who Use It at Least Once a Week, in %, May 2022Top Reasons for Registering PayID, in % of PayID Users, May 2022Total Number of Real-Time Transactions, in billions, 2022 & 2027f3.6. SingaporeOverview of Fast and Secure Transfer (FAST) & PayNow, January 2023Breakdown of Transaction Volume, by Payments Instrument, in % of Total Payment Transaction Volume, 2022 vs 2027fBreakdown of Spending Value, by Payments Instrument, in % of Total Payment Spending Value, 2022 vs 2027f3.7. ThailandVolume of PromptPay Based Real-Time Payment Transactions, in millions, May - October 2022Value of PromptPay Based Real-Time Payment Transactions, in THB billion, May - October 20223.8. MalaysiaOverview of Payments Network Malaysia Sdn Bhd (PayNet), January 2023Total Number of Real-Time Transactions, in billions, 2022 & 2027f3.9. PhilippinesOverview of InstaPay, January 2023Total Value of Transactions via InstaPay, in PHP trillion, January - November 2021 vs January - November 20223.10. Sri LankaReal-Time Payment Market Overview, January 2023Share of Participants in Real-Time Gross Settlement (RTGS), by Value & by Volume, in % of RTGS Transactions, Q2 20224. North America4.1. USATotal Number of Real-Time Transactions, in billions, 2022 & 2027fShare of Companies That Use Real-Time Payments, in %, June 2022 & 2024fTop Business Outcomes Enabled by Real-Time Payments, in % of Financial Professionals, June 2022Top Challenges That Financial Professionals Face While Introducing Real-Time Payments, in % of Financial Professionals, June 2022Top Advantages of Real-Time Payments, RTP Leaders vs RTP Laggers, in % of Financial Professionals, June 20224.2. CanadaBreakdown of Transaction Volume, by Payments Instrument, in % of Total Payment Transaction Volume, 2022 vs 2027fBreakdown of Spending Value, by Payments Instrument, in % of Total Payment Spending Value, 2022 vs 2027f5. Europe5.1. RegionalReal-Time Payment Market Overview and Developments, January 2023P27 Payment Service Overview, January 2023Share of SEPA Instant Credit Transfer Volume, in % of All SEPA Credit Transfer, Q4 2021-Q3 2022 Share of Respondents That Have Access to Instant Payments, by Country, in %, June 2022 (1 of 3)Share of Respondents That Have Access to Instant Payments, by Country, in %, June 2022 (2 of 3)Share of Respondents That Have Access to Instant Payments, by Country, in %, June 2022 (3 of 3)Number of Participants of SCT Inst Scheme vs SCT Scheme & Adherence Status, in %, June 2022 (1 of 3)Number of Participants of SCT Inst Scheme vs SCT Scheme & Adherence Status, in %, June 2022 (2 of 3)Number of Participants of SCT Inst Scheme vs SCT Scheme & Adherence Status, in %, June 2022 (3 of 3)5.2. UKTotal Payment Volume, by Type of Payment Instrument, incl. “Real-Time Payments”, in millions, 2021Total Payment Volume, by Type of Payment Instrument, incl. “Real-Time Payments”, in millions, 2031f5.3. GermanyTotal Number of Real-Time Transactions, in billions, 2021 & 2026fBreakdown of Transaction Volume, by Payments Instrument, in % of Total Payment Transaction Volume, 2021 vs 2026fShare of Respondents Who are Not Ready to Pay via Instant Payment, in %, 2022eShare of Respondents Not Ready to Pay via Instant Payment, by Age Group, in %, 2022e 5.4. NetherlandsBreakdown of Transaction Volume, by Payments Instrument, in % of Total Payment Transaction Volume, 2022 vs 2027f5.5. SwedenNumber of Mediated Payment in Bankgirot Real-Time Payment System, in millions, January-December 20225.6. SwitzerlandTotal Number of Real-Time Transactions, in billions, 2022 & 2027f5.7. RussiaTotal Value of Transactions via SBP, in RUB billion, Q1 2021 - Q2 2022Number of Transfers Made via SBP, in millions, Q1 2021 – Q2 20225.8. PolandShare of Transactions Made via the Instant Payment System Express Elixir, in % of Total Transactions in Elixir System, June 20225.9. TurkeyInstant and Continuous Transfer of Funds (FAST) System Overview, January 20235.10. HungaryTotal Number of Real-Time Transactions, in millions, 2022 & 2027f6. Latin America6.1. RegionalOverview of Real-Time Payments Market, January 20236.2. BrazilOverview of Real-Time Payment System PIX, January 2023Share of Adults Who Made or Received a PIX Transaction, in %, February 2022Breakdown of Transaction Volume, by Payments Instrument, in % of Total Payment Transaction Volume, 2022 vs 2027f6.3. MexicoOverview of Real-Time Payments Market, January 2023Number of Real-Time Transfers via SPEI, by Amount, in millions, September 2021-August 2022Share of Spending Value, by Payments Instrument, in % of Total Payment Spending Value, 2022 vs 2027f6.4. ColombiaOverview of Real-Time Payments Market, January 2023Total Number of Real-Time Transactions, in millions, 2022 & 2027f6.5. ChileTotal Number of Real-Time Transactions, in billions, 2022 & 2027f6.6. PeruOverview of Real-Time Payments Market, January 2023Breakdown of Spending Value, by Payments Instrument, in % of Total Payment Spending Value, 2022 vs 2027f7. Middle East7.1. Saudi ArabiaTotal Number of Real-Time Transactions, in billions, 2022 & 2027fBreakdown of Transaction Volume, by Payments Instrument, in % of Total Payment Transaction Volume, 2022 vs 2027f7.2. UAEOverview of Real-Time Payment Market, January 2023Total Number of Real-Time Transactions, in millions, 2022 & 2027f7.3. JordanOverview of Real-Time Payment Market, January 20237.4. BahrainOverview of Real-Time Payment Market, January 2023Volume of Real-Time Payment Transactions Made via Electronic Fund Transfer System (EFTS), in millions, & Year-on-Year Growth Rate, in %, H1 2021 vs H1 2022 Value of Real-Time Payment Transactions Made via Fawri, in BHD billion, & Year-on-Year Growth Rate, in %, H1 2021 vs H1 2022 7.5. OmanOverview of Real-Time Payment Market, January 20237.6. EgyptTotal Monthly Volume & Value of Payments in Real Time Gross Settlement (RTGS) System, in EGP billion, & Month-On-Month and Year-On-Year Growth Rate, in %, January 2022 – December 20228. Africa8.1. South AfricaOverview of Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS), January 2023Total Number of Real-Time Transactions, in millions, 2022 & 2027fBreakdown of Spending Value, by Payments Instrument, in % of Total Payment Spending Value, 2022 vs 2027f8.2. NigeriaVolume of E-Payment Transactions Made via NIBSS Instant Payment Platform (NIP), in billions, & Year-on-Year Growth Rate, in %, January-July 2021 vs January-July 2022Value of E-Payment Transactions Made via NIBSS Instant Payment Platform (NIP), in NGN trillion, & Year-on-Year Growth Rate, in %, January-July 2021 vs January-July 20228.3. KenyaTotal Number of Real-Time Transactions, in billions, 2022 & 2027f8.4. GhanaOverview of GhIPSS Instant Pay (GIP), January 2023