Canada Real-time Payments Market Size & Outlook, 2023-2030

The real-time payments market in Canada is expected to reach a projected revenue of US$ 6,738.7 million by 2030. A compound annual growth rate of 35.7% is expected of Canada real-time payments market from 2024 to 2030.
Revenue, 2023 (US$M)
$796.6
Forecast, 2030 (US$M)
$6,738.7
CAGR, 2024 - 2030
35.7%
Report Coverage
Canada

Canada real-time payments market highlights

  • The Canada real-time payments market generated a revenue of USD 796.6 million in 2023 and is expected to reach USD 6,738.7 million by 2030.
  • The Canada market is expected to grow at a CAGR of 35.7% from 2024 to 2030.
  • In terms of segment, p2b was the largest revenue generating nature of payment in 2023.
  • P2P is the most lucrative nature of payment segment registering the fastest growth during the forecast period.

Real-time payments market data book summary

Market revenue in 2023USD 796.6 million
Market revenue in 2030USD 6,738.7 million
Growth rate35.7% (CAGR from 2023 to 2030)
Largest segmentP2b
Fastest growing segmentP2P
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationP2B, B2B, P2P
Key market players worldwideACI Worldwide Inc, Fidelity National Information Services Inc, Fiserv Inc, Mastercard Inc Class A, PayPal Holdings Inc, Temenos AG, Visa Inc Class A, Wirecard AG, Montran, Finastra, Volante Technologies, Worldpay

Other key industry trends

  • In terms of revenue, Canada accounted for 3.5% of the global real-time payments market in 2023.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. real-time payments market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 6,738.7 million by 2030.

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Real-Time Payments Market Scope

Real-time payments market segmentation & scope
P2B
B2B
P2P
Others
Payment Gateway
Payment Processing
Security & Fraud Management
Advisory Services
Intergration & Implementation Services
Managed Services
On-premise
Cloud-based
Large Enterprises
Small & Medium Enterprises
Retail & E-commerce
BFSI
IT & Telecom
Travel & Tourism
Healthcare
Government
Energy & Utilities
Others

Real-Time Payments Market Companies

Name Profile # Employees HQ Website

Canada real-time payments market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to real-time payments market will help companies and investors design strategic landscapes.


P2b was the largest segment with a revenue share of 58.65% in 2023. Horizon Databook has segmented the Canada real-time payments market based on p2b, b2b, p2p covering the revenue growth of each sub-segment from 2017 to 2030.


  • Canada Real-Time Payments Nature of Payment Outlook (Revenue, USD Million, 2017-2030)
    • P2B
    • B2B
    • P2P
    • Others
  • Canada Real-Time Payments Component Outlook (Revenue, USD Million, 2017-2030)
    • Solution
      • Payment Gateway
      • Payment Processing
      • Security & Fraud Management
    • Services
      • Advisory Services
      • Intergration & Implementation Services
      • Managed Services
  • Canada Real-Time Payments Deployment Outlook (Revenue, USD Million, 2017-2030)
    • On-premise
    • Cloud-based
  • Canada Real-Time Payments Enterprise Outlook (Revenue, USD Million, 2017-2030)
    • Large Enterprises
    • Small & Medium Enterprises
  • Canada Real-Time Payments End Use Outlook (Revenue, USD Million, 2017-2030)
    • Retail & E-commerce
    • BFSI
    • IT & Telecom
    • Travel & Tourism
    • Healthcare
    • Government
    • Energy & Utilities
    • Others

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Target buyers of Canada real-time payments market databook

  • Our clientele includes a mix of real-time payments market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada real-time payments market , including forecasts for subscribers. This country databook contains high-level insights into Canada real-time payments market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Canada real-time payments market size, by nature of payment, 2017-2030 (US$M)

Canada Real-Time Payments Market Outlook Share, 2023 & 2030 (US$M)

Canada real-time payments market size, by nature of payment, 2017-2030 (US$M)

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