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Global Instant Payments Market: 2024-2028 Market Trends & Strategy

Publisher Juniper Research
Published Apr 29, 2024
Length 49 Pages
SKU # JNRH19878192

Description

This report examines the Instant Payments market landscape in detail; assessing the market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for real-time payments providers; addressing different payment types, the challenges each faces, and how stakeholders can overcome them. It looks at key trends such as the launch of FedNow service and the integration of value-added services, such as request for payment. It also provides analysis of the place of instant payments usage within 60 countries using Juniper Research’s Country Readiness Index.

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

Table of Contents

49 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

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