Real-Time Payments Adoption and Growth Report 2024

This document is a report detailing the adoption and growth of real-time payments globally in 2024. It outlines the significant increase in real-time payments, with 266.2 billion transactions recorded in 2023, marking a year-over-year growth of 42.2%. The report highlights the collaborative efforts between governments, regulators, banks, and fintechs that have led to wider domestic reach and innovative use cases. It presents deep-dive analyses of successful real-time payment markets, including India, Brazil, Indonesia, Malaysia, and the Netherlands, showcasing their thriving ecosystems. The report emphasizes the importance of merchant adoption and the role of mobile wallets and QR codes in facilitating access to real-time payment systems. It also discusses the challenges and opportunities for financial institutions in modernizing their payment infrastructures and the potential for real-time payments to drive economic growth and financial inclusion. The findings indicate that real-time payments are becoming a cornerstone of modern financial strategies.