This interactive model provides market sizing and forecasting of technology spending across the payments sector from 2018 to 2023, with a view of spend across payment type/ functions, real-time payments, payment hubs, and fraud management.
- Payments spending is split across six spend functions – retail payments (including credit, prepaid, debit, and deferred debit payment cards), wholesale payments (real-time gross settlement systems (RTGS), wire transfer, and automated clearing houses), as well as spending specifically on real-time payments, payments hubs, and on supporting payment fraud management.
- Overall payments technology spending has been and will continue to be relatively strong compared to banking technology expenditure. The payments technology market is expected to grow close to 5.5% annually over 2018 to 2020.
Features and Benefits
- Provides a highly interactive model that can be used to view data sets and trend charts across geographies and lines of business.
- Enables analysis of spending trends across retail and wholesale payments, fraud, payment hubs, and real-time payments.
Key questions answered
- Which countries and markets will see the strongest growth in payments IT spend in the short and medium term?
- What impact is the development of real-time payment infrastructures having on investments in payment hub technology?
Table of contents
Download 1: Payments Technology Spending Through 2023: Business Function Segmentation