Real-time payments market to reach $96.2B in Asia

The real-time payments market in the Asia-Pacific region will grow from $49.2 billion in 2022 to $96.2 billion by 2027, with a compound annual growth rate of 14.1%. Widespread adoption of QR code payments and mobile-native experiences is powering growth of the market, according to research from ACI Worldwide.

The Asia-Pacific market has received live RTP integrations with the Association of Southeast Asian Nations, and central banks in the region have also supported the industry. Cross-border RTP is also a major area of growth, with the recent increase in international travel, according to a press release.

"Real-time payments continue to be the cornerstone of modern digital economies in APAC, moving money at unprecedented speed and security, spurring trade and enhancing customer experience," Leslie Choo, SVP and managing director of APAC, ACI Worldwide, said in the release. "ACI has unrivaled experience supporting governments and banks across APAC as they roll out real-time payments. We are committed to helping our customers reap the full benefits of real-time payments."

Indonesia will see the highest growth with a compound annual growth rate of 81.9%.