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Global A2A Payments Market: 2024-2029 Market Trends & Strategy

Publisher Juniper Research
Published Sep 09, 2024
Length 60 Pages
SKU # JNRH19878185

Description

This report examines the Global A2A Payments market landscape in detail; assessing market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for A2A payment players; addressing key verticals and developing challenges, and suggesting how stakeholders should navigate these. It also includes evaluation of key country-level opportunities for A2A payment market growth, based on current A2A payment schemes and initiatives, Open Banking and instant payment rail infrastructure development, and more.

Please note: the online download version of this report is for a global site license.

Table of Contents

60 Pages
1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Consumer A2A Market to Surpass 185 Billion Transactions by 2029, Increasing from 60 Billion in 2024
1.1.2 National Branded Payment Schemes & Open Banking Developments Biggest Factors for A2A Market Growth
1.1.3 A2A Payments Can Foster Financial Inclusivity for Small Businesses, Encouraging Economic Growth
1.2 Strategic Recommendations
1.2.1 Fraud Prevention to Become an Immediate Focus for A2A Vendors
1.2.2 Business Benefits are Numerous, but Rewarding Consumers is Vital for A2A Adoption in Several Focus & Growth Markets
1.2.3 Vendors Enabling Cross-border A2A Payments Essential to Match Wider Market Development
2. Market Landscape
2.1 Introduction
2.1.1 Types of A2A Payments
2.1.2 Surrounding Technologies
i. Instant Payment Rails
ii. Open Banking & A2A Payments
Figure 2.1: How Open Banking Works
Figure 2.2: Number of Open Banking Payment Users Globally (m), 2023-2028 .
Figure 2.3: Proportion of Use Cases for APIs Globally (2023)
iii. QR Code Payments
iv. NFC
2.1.3 A2A Payment Ecosystem Versus Traditional Card-based Payment Ecosystem
Figure 2.4: Card-based Payments vs A2A Payments Ecosystems
2.2 Current Market
2.2.1 A2A Payment Systems
i. National Payment Schemes
ii. Fintech-led Solutions
iii. Key Takeaways
2.3 Trends for A2A Payments
2.3.1 Key Drivers of A2A Payments
i. Technological Developments
ii. Government Initiatives & Regulatory Environments
2.3.2 Emerging Trends
i. VRPs
ii. Request to Pay & Pay by Link/ Code
iii. QR Codes Become Synonymous with A2A in Many Markets
iv. Cross-border A2A Payments & Payment Interoperability
v. Fraud Detection, AML, and Sanction Compliance
2.4 Benefits & Challenges
2.4.1 Benefits
i. Instant Payments Made Safer
ii. Reduced Transaction Costs
iii. Improved Customer Experiences
iv. Direct Integration with Other Financial Services
2.4.2 Challenges
i. Limited Brand Recognition in Several Markets
ii. Fraud Risks & Security Concerns
iii. Interaction with Existing Payment Infrastructure
iv. Lack of Understanding Stunts Growth
v. Lack of Bank Remuneration
3. Segment Analysis
3.1 Introduction
3.2 Retail, eCommerce, & Other Services
Figure 3.2: Total Value of In-store & Online A2A Payments Globally ($), 2024-2029
3.3 P2P
Figure 3.3: Total Transaction Volume of A2A-based P2P Payments (m), Split by 8 Key Regions, 2024-2029
3.4 Cross-border
Figure 3.4: Global Volume of Cross-border A2A Transactions (m), Split by 8 Key Regions, 2024
3.5 Businesses (B2B & B2C)
Figure 3.5: Total Volume of A2A-based B2B Payments (m), Split by 8 Key Regions, 2024
4. Country Readiness Index
4.1 Introduction to Country Readiness Index
Figure 4.1: Country Readiness Index Regional Definitions
Table 4.2: Juniper Research’s Country Readiness Index Scoring Criteria: A2A Payments
Figure 4.3: Juniper Research’s Country Readiness Index: A2A Payments
Table 4.4: A2A Payments Country Readiness Index: Market Segments
4.1.1 Focus Markets
i. National Payment Schemes
Figure 4.5: Total Volume of Cross-border A2A Payments (m) Split by Focus Markets, 2024-2029
ii. High Level of Open Banking Development
iii. High Concentration of A2A Payment Vendors
4.1.2 Growth Markets
i. Instant Payment Rails
Figure 4.6: Total Volume of A2A-based B2B Transactions (m), Split by Growth Markets, 2024-2029
ii. Emerging Initiatives for A2A Payments Nationally
4.1.3 Developing Markets
4.1.4 Country Readiness Index Heatmaps
i. North America
Table 4.7: Juniper Research’s A2A Payments Country Readiness Index Heatmap: North America
ii. Latin America
Table 4.8: Juniper Research’s A2A Payments Country Readiness Index Heatmap: Latin America
iii. West Europe
Table 4.9: Juniper Research’s A2A Payments Country Readiness Index Heatmap: West Europe
iv. Central & East Europe
Table 4.10: Juniper Research’s A2A Payments Country Readiness Index Heatmap: Central & East Europe
v. Far East & China
Table 4.11: Juniper Research’s A2A Payments Country Readiness Index Heatmap: Far East & China
vi. Indian Subcontinent
Table 4.12: Juniper Research’s A2A Payments Country Readiness Index Heatmap: Indian Subcontinent
vii. Rest of Asia Pacific
Table 4.13: Juniper Research’s A2A Payments Country Readiness Index Heatmap: Rest of Asia Pacific
viii. Africa & Middle East
Table 4.14: Juniper Research’s A2A Payments Country Readiness Index Heatmap: Africa & Middle East

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