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The Global Real-Time Payments Market size is expected to reach $62.5 billion by 2026, rising at a market growth of 32.3% CAGR during the forecast period. Real-time payments are considered as electronic/digital payments that allow the rapid transfer of funds with the help of a safe payment gateway. Creating web-based businesses like the e-commerce segment and deployment of cell phones along with the increasing need for rapid and beneficial payment solutions in Small and Medium Enterprises (SMEs), are expected to boost the real-time payment market.
The real-time payments framework can significantly enhance the understanding of payments partners regarding disbursements and refunds as it was a constant problem for vendors and shoppers because it takes take some days to process and clear. Real-time payments solutions are majorly adopted by various ventures such as retail & internet business, BFSI, and IT & telec