The Faster Payments Service (FPS) is a United Kingdom banking initiative to reduce payment times between different banks' customer accounts to typically a few seconds, from the three working days that transfers usually take using the long-established BACS system.
Newest research report, the “Faster Payments Service (FPS) Industry Forecast” looks at past sales and reviews total world Faster Payments Service (FPS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Faster Payments Service (FPS) sales for 2023 through 2029. With Faster Payments Service (FPS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Faster Payments Service (FPS) industry.
This Insight Report provides a comprehensive analysis of the global Faster Payments Service (FPS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Faster Payments Service (FPS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Faster Payments Service (FPS) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Faster Payments Service (FPS) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Faster Payments Service (FPS).
The global Faster Payments Service (FPS) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Faster Payments Service (FPS) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Faster Payments Service (FPS) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Faster Payments Service (FPS) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Faster Payments Service (FPS) players cover ACI Worldwide, FIS, Fiserv, IBM, Wirecard, Mastercard, Temenos, Global Payments and Capgemini, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Faster Payments Service (FPS) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Single Instant Payment
Forward Payments
Domestic P2P Payments
Cross-border P2P Payments
P2M Payments
B2B Payments
B2C/G2P Payments
Segmentation by application
Retail and E-Commerce
BFSI
IT and Telecommunications
Travel and Tourism
Healthcare
Government
Energy and Utilities
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ACI Worldwide
FIS
Fiserv
IBM
Wirecard
Mastercard
Temenos
Global Payments
Capgemini
Icon Solutions
M & A Ventures, LLC
Payrix
Nexi Payments SpA
Obopay
Ripple
Finastra
Nets A/S
Financial Software and Systems (FSS)
Montran
Visa Inc
Summary:
Get latest Market Research Reports on Faster Payments Service (FPS) . Industry analysis & Market Report on Faster Payments Service (FPS) is a syndicated market report, published as Global Faster Payments Service (FPS) Market Growth (Status and Outlook) 2023-2029. It is complete Research Study and Industry Analysis of Faster Payments Service (FPS) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.