More than half a trillion real-time payments transactions will be processed over the next five years, according to a report from Florida-based payments group ACI Worldwide and Global Data. The report analyses global real-time, account-to-account payment volumes and forecasts across 30 global markets, projecting a compound annual growth rate (CAGR) of 23.4% from 2019 to 2024.

India is poised to lead the world in real-time payments volume over the next five years, with transaction volumes set to grow from 15.3 billion in 2019 to 52.8 billion in 2024. Additional key countries and regions to watch for real-time payments growth include the US (42.1% CAGR growth), the Nordic countries of the P27 initiative (20.9% CAGR growth), ASEAN (39.0% CAGR growth) and Europe. Among the countries relatively new to real-time payments, Malaysia, Finland and Belgium are predicted to have the most exponential growth in the next five years, with an expected CAGR of 176.5%, 90% and 67.9%, respectively

Ep 43: Craig Ramsey, Global Head of Real-Time Payments, ACI Worldwide.