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Global Instant Payments Market: 2024-2028 Full Research Suite

Publisher Juniper Research
Published Apr 29, 2024
Length 122 Pages
SKU # JNRH19878045

Description

Our Instant Payments research suite provides a detailed and insightful analysis of this evolving market; enabling stakeholders from banks, infrastructure providers, regulators, and businesses to understand future growth, emerging trends, and the competitive environment.

The suite includes several different options that can be purchased separately, including access to data mapping the adoption and future growth of real-time payments, an intuitive study uncovering the latest trends and opportunities within the market, and a document containing extensive analysis of the 17 market leaders in the instant payments space. The coverage can also be purchased as a Full Research Suite, containing all of these elements, and including a substantial discount.

Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing banks, financial institutions and infrastructure providers to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and rapidly growing market.

KEY FEATURES

Market Landscape: Insights into emerging trends and drivers of the expansion of the instant payments market; addressing factors limiting its growth, such as scam risk and business hesitancy. It provides analysis of the different use cases in both the consumer and business sectors, breaking down which have witnessed different adoption rates among instant payment services. Juniper Research’s Country Readiness Index positions 60 countries in their relative place in the real-time payments space, their readiness for the technology and their future growth.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the real-time payments market, accompanied by key strategic recommendations for stakeholders.
Benchmark Industry Forecast: This provides an overview of the instant payments market, including the volume and value of instant payments transactions, split by B2B and consumer payments, and by domestic and cross-border payments.
Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 17 instant payments vendors, via the Juniper Research Competitor Leaderboard, featuring major players in the instant payments provider space.

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

Table of Contents

122 Pages
1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Infrastructure Key for Generating Adoption
1.1.2 Open Banking Regulation Opening Up Opportunities
1.1.3 P2P Payment Services Can Evolve into All Round Payment Apps
1.2 Strategic Recommendations
1.2.1 Fraud Prevention Must Be at the Centre of Solutions
1.2.2 Value-added Services Needed to Sell Instant Payments
1.2.3 ISO 20022 Migration Important for Offering Instant Payments’ Full Potential
2. Market Landscape
2.1 Introduction
2.1.1 How Instant Payments Work
i. The Clearing House RTP
Figure 2.1: The Clearing House RTP Network
ii. SEPA
Figure 2.2: Map of SEPA Member Countries
iii. SWIFT
iv. PayPal
v. Other Payment Rails
2.1.2 Background
2.2 Current State of the Market
2.2.1 Key Drivers of Instant Payments
i. Customer Experience
ii. Technological Development
iii. Government Encouragement
2.2.2 Emerging Trends
i. Request to Pay
Figure 2.3: Request to Pay Loop
ii. APIs
iii. Instant Payment Apps
iv. Value-added Features
v. Open Banking
Figure 2.4: Provision of Services in Open Banking
3. Consumer Payments Versus B2B Payments
3.1 Introduction
3.2 Consumer
3.2.1 P2P
3.2.2 Merchant Payments
i. eCommerce
ii. POS
3.3 B2B
3.3.1 Payment Types
i. Bank Transfers
ii. Expenses Payments
iii. Corporate Transactions
iv. Mobile Financial Services
v. B2B eCommerce
3.3.2 Challenges
i. Fractured Network
ii. Fraud and AML
iii. Lack of Use Case
4. Country Readiness Index
4.1 Introduction
Figure 4.1: Juniper Research’s 8 Key Regions Definition
Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: Instant
Payments
Figure 4.3: Juniper Research Country Readiness Index: Instant Payments
Table 4.4: Instant Payments Country Readiness Index: Market Segments
4.1.1 Focus Markets
i. Established Instant Payment Rails
ii. Institutional Support
iii. Country-level Assessment: The US
4.1.2 Growth Markets
i. Emerging Economies
ii. Developed Economies
iii. Country-level Assessment: The UAE
4.1.3 Saturated Market
i. Cross-border Cooperation
ii. Additional Services
iii. Country-level Assessment: The UK
4.1.4 Developing Market
i. Limited Infrastructure
ii. Country-level Assessment: Mexico
Table 4.5: Juniper Research’s Country Readiness Index Heatmap: North America
Table 4.6: Juniper Research’s Country Readiness Index Heatmap: Latin America
Table 4.7: Juniper Research’s Country Readiness Index Heatmap: West Europe
Table 4.8: Juniper Research’s Country Readiness Index Heatmap: Central & East
Europe
Table 4.9: Juniper Research’s Country Readiness Index Heatmap: Far East &
China
Table 4.10: Juniper Research’s Country Readiness Index Heatmap: Indian
Subcontinent
Table 4.11: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia
Pacific
Table 4.12: Juniper Research’s Country Readiness Index Heatmap: Africa &
Middle East
1. Juniper Research Competitor Leaderboard
1.1 Why Read This Report?
Table 1.1: Juniper Research Competitor Leaderboard: Instant Payments Vendors Included & Product Portfolio
Figure 1.2: Juniper Research Competitor Leaderboard for Instant Payments
Table 1.3: Juniper Research Instant Payments Vendors & Positioning
Table 1.4: Juniper Research’s Competitor Leaderboard Heatmap – Instant Payments Vendors
2. Company Profiles
2.1 Vendor Profiles
2.1.1 ACI Worldwide
i. Corporate
Table 2.1: ACI Worldwide’s Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.2 Bottomline
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.3 Finastra
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.4 FIS
i. Corporate
Table 2.2: FIS’ Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.5 Fiserv
i. Corporate
Table 2.3: Fiserv’s Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.6 FSS
i. Corporate
Table 2.4: FSS’ Rounds of Funding ($m), 2000-2014
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.7 Jack Henry
i. Corporate
Table 2.5: Jack Henry’s Financial Snapshot ($m), 2021-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.8 Mastercard
i. Corporate
Table 2.6: Mastercard’s Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
Figure 2.7: Mastercard’s Real-time Payments Solution
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.9 Montran Corporation
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.10 Nexi
i. Corporate
Table 2.8: Nexi’s Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.11 Pelican AI
i. Corporate
Geographic Spread
ii. Key Clients & Strategic Partnerships
iii. High-level View of Offering
iv. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.12 SWIFT
i. Corporate
Table 2.9: SWIFT’s Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.13 Tata Consultancy Services
i. Corporate
Table 2.10: Tata Consultancy Services’ Financial Snapshot ($m), 2021-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.14 Tietoevry
i. Corporate
Table 2.11: Tietoevry’s Financial Snapshot ($m), 2021-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
Figure 2.12: Instant Payments for Participants Schematic
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.15 Visa
i. Corporate
Table 2.13: Visa’s Financial Snapshot ($m), 2020-2022
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.16 Volante Technologies
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.1.17 Worldline
i. Corporate
Table 2.14: Worldline’s Financial Snapshot ($m), 2021-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offering
v. Juniper Research’s View: Key Strength & Strategic Development Opportunities
2.2 Juniper Research Competitor Leaderboard Assessment Methodology
2.2.1 Limitations & Interpretations
Table 2.15: Juniper Research’s Competitor Leaderboard Scoring Criteria – Instant Payments
1. Instant Payments: Introduction & Methodology
1.1 Introduction
1.2 Methodology & Assumptions
Figure 1.1: Consumer Instant Payments Methodology
Figure 1.2: B2B Instant Payments Methodology
2. Market Summary
2.1 Total Volume
Figure & Table 2.1: Total Volume of Instant Payments per annum (m), Split by 8 Key Regions, 2023-2028
2.2 Total Value
Figure & Table 2.2: Total Value of Instant Payments per annum ($m), Split by 8 Key Regions, 2023-2028
2.3 Domestic Transactions
Figure & Table 2.3: Total Value of Instant Domestic Payments per annum ($m), Split by 8 Key Regions, 2023-2028
2.4 Cross-border Transactions
Figure & Table 2.4: Total Value of Instant Cross-border Payments per annum ($m), Split by 8 Key Regions, 2023-2028
3. B2B Payments
3.1 B2B Volume
Figure & Table 3.1: Total Number of Instant B2B Transactions per annum (m), Split by 8 Key Regions, 2023-2028
3.2 B2B Value
Figure & Table 3.2: Total Value of Instant Payment B2B Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
3.3 Domestic B2B Transactions
Figure & Table 3.3: Total Value of Instant Payment Domestic B2B Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
3.4 Cross-border B2B Transactions
Figure & Table 3.4: Total Value of Cross-border B2B Payments via Instant Payment per annum ($m), Split by 8 Key Regions, 2023-2028
4. Consumer Payments
4.1 Total Volume
Figure & Table 4.1: Total Number of Instant Payment Consumer Transactions per annum (m), Split by 8 Key Regions, 2023-2028
4.2 Total Value
Figure & Table 4.2: Total Value of Instant Payment Consumer Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
4.3 Domestic Consumer Transactions
Figure & Table 4.3: Total Value of Instant Payment Domestic Consumer Transactions per annum ($m), Split by 8 Key Regions, 2023-2028
4.4 Cross-border Consumer Transactions
Figure & Table 4.4: Total Value of Instant Payment Cross-border Consumer Transactions per annum ($m), Split by 8 Key Regions, 2023-2028

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