The two countries with the highest number of instant payments are expected to continue to grow fast, while the United States will make up for lost ground. A forecast of real-time payments in various countries across the world reveals this development. Real-time payments, or RTP, are especially common in Asia-Pacific in 2022, with transactions in India being almost five times higher as in China. North America and Europe have their own systems – Faster Payments in the UK and FedNow in the United States are notable examples – but these systems are used for interbank payments, and do not yet see consumer use. This is different from India and Brazil, as UPI and Pix were developed with consumers in mind.
Number of real-time payments (RTP) transactions in 44 countries and territories worldwide in 2022, with a forecast for 2027
The CAGR was calculated by Statista; The source did not provide figures for all countries or territories worldwide. Notable exclusions, for example, are Canada and Vietnam.
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PYMNTS, & Statista. (November 7, 2023). Number of real-time payments (RTP) transactions in 44 countries and territories worldwide in 2022, with a forecast for 2027 [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1422323/real-time-payments-forecast-by-country/
PYMNTS, und Statista. "Number of real-time payments (RTP) transactions in 44 countries and territories worldwide in 2022, with a forecast for 2027." Chart. November 7, 2023. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1422323/real-time-payments-forecast-by-country/
PYMNTS, Statista. (2023). Number of real-time payments (RTP) transactions in 44 countries and territories worldwide in 2022, with a forecast for 2027. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1422323/real-time-payments-forecast-by-country/
PYMNTS, and Statista. "Number of Real-time Payments (Rtp) Transactions in 44 Countries and Territories Worldwide in 2022, with a Forecast for 2027." Statista, Statista Inc., 7 Nov 2023, https://www.statista.com/statistics/1422323/real-time-payments-forecast-by-country/
PYMNTS & Statista, Number of real-time payments (RTP) transactions in 44 countries and territories worldwide in 2022, with a forecast for 2027 Statista, https://www.statista.com/statistics/1422323/real-time-payments-forecast-by-country/ (last visited November 18, 2024)
Number of real-time payments (RTP) transactions in 44 countries and territories worldwide in 2022, with a forecast for 2027 [Graph], PYMNTS, & Statista, November 7, 2023. [Online]. Available: https://www.statista.com/statistics/1422323/real-time-payments-forecast-by-country/
