Instant Payments: Future Opportunities, Regional Analysis & Market Forecasts 2022-2027

• Market Landscape, Regional Analysis & Segment Analysis: Provides a detailed analysis of the instant payments market, including key emerging trends, and the benefits and challenges of adopting instant payments. This also provides an in-depth breakdown of the unique aspects of the instant payment market in 15 key countries and regions, and the future outlook for instant payments adoption in those countries.
• Key Takeaways & Strategic Recommendations: Key opportunities for instant payments vendors highlighted across the instant payments landscape; making for an important reading for key stakeholders, including payment service providers, financial institutions and governments.
• Benchmark Industry Forecasts: 5-year forecasts are provided for total instant payments volume and value. This is also split into B2B instant payments and consumer instant payments, including the value and volume of those payments. This is further broken down by domestic and cross‑border instant payments to give a more granular view of the instant payments market. This data is also split by 8 key forecast regions and 60 countries for the forecast period:
  • North America:
    • Canada, US
  • Latin America:
    • Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
  • West Europe:
    • Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
  • Central & East Europe:
    • Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
  • Far East & China:
    • China, Hong Kong, Japan, South Korea
  • Indian Subcontinent:
    • Bangladesh, India, Nepal, Pakistan
  • Rest of Asia Pacific:
    • Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
  • Africa & Middle East:
    • Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
• Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 16 instant payments vendors, via the Juniper Research Competitor Leaderboard.
  • ACI Worldwide
  • Bottomline
  • Finastra
  • FIS
  • Fiserv
  • FSS
  • Mastercard
  • Montran
  • Nets
  • Network for Electronic Communications
  • Pelican
  • SWIFT
  • Tietoevry
  • Visa
  • Volante Technologies
  • Worldline

1. What will the value of instant payments transactions be in 2027?
2. Where are instant payments most used now, and where will they be most used in 5 years’ time?
3. What trends will drive the greatest growth in instant payments?
4. What role do central banks and regulators play in the adoption of instant payments?
5. What barriers are there to the further adoption of instant payments?

Interviewed: ACI Worldwide.
 
Included in Juniper Research Competitor Leaderboard: ACI Worldwide, Bottomline, Finastra, FIS, Fiserv, FSS, Mastercard, Montran, Nets, Network for Electronic Transfers, Pelican, SWIFT, Tietoevry, Visa, Volante, Worldline.
 
Mentioned: ACH Colombia, Advent International, Airwallex, Al Ansari Exchange, Alltel Information Services, American Express, Apple, ATP, Bain Capital, Bank of California, Bank of England, Bank of Montreal, Banksys, BBS, BCA, BCS, Bhim, BNY (Bank of New York) Mellon, BritishAccess, Camex Treasury & Finance Solutions LTD, Capitol on Tap, Chainlink, DataCash, DBS Bank, eCurrency Mint, Enator, EqB (Equicom Savings Bank), Eurocard, Federal Reserve, Fidelity National Financial Inc, Google, HDFC Bank, Hellman & Friedman, IBM, Lufthansa, Malauzai Software, Mambu, Marine Midland Bank, Microsoft, MyDebit, NASDAQ, National ITMX, NBCUnerversal Media, Nexi, NTT, OCBC Bank, Olfa Soft SA, Oracle, OUB, PAY.ON, PayPal, PBS, Pinpoint, Poste Italiane, Quai Digital, RuPay, Samsung, SBI (State Bank of India), SIA, Société Générale, Speedpay, Stripe, Thoma Bravo, Union Bank of Finland, Viking Systems, Vopy, Walletron, WeChat, Wells Fargo Bank, Westpac New Zealand, YAP.
 
 
 

Juniper Research’s forecast suite includes:

• Volume of Instant Payments
• Value of Instant Payments
• Number of B2B Instant Payments
• Value of B2B Instant Payments
• Number of Instant Consumer Payments
• Value of Consumer Instant Payments

Geographic splits: 60
Number of Tables: 39
Number of Datapoints: 16,100
 
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The number of instant payment transactions will exceed 376 billion globally by 2027; increasing from 97 billion in 2022, a 289% growth. An increased roll-out of instant cross-border payment schemes in multiple countries will drive this growth by enabling businesses and consumers to benefit from greater speed and efficiency.

• This efficiency is gained by processing payments over instant payment rails that provide time and cost savings, while also providing greater transparency over transactions to stakeholders than traditional payment rails.
• Cross-border transactions will grow at a faster rate than domestic transactions globally. These transactions will rise from 631 million payments globally in 2022 to over 6 billion in 2027. The creation of instant payment schemes by international bodies, like the EU, and an increase of bilateral agreements between these bodies will be key drivers of growth over the next five years.
• These bodies will be essential in creating cross-border instant payment networks, as they have the capital and influence to connect disparate payment schemes across different geographical regions in order to maximise the value proposition of instant payments. In turn, regulators must increase partnerships with international bodies to broaden payment schemes and expand access to instant payment services.
• Additionally, the increased time and cost efficiencies, and improved cashflow management of using instant payments will be primary factors in influencing businesses to adopt. This will contribute to the total value of instant payment transactions rising from $6 trillion this year, to $33 trillion in 2027.