Allied Market Research


Real-time Gross Settlement Market

Real-Time Gross Settlement Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

BI : Financial Services

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Author's: | Onkar Sumant
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Real-time gross settlement (RTGS) refers to a fund transfer system that enables instant transfer of money and provides securities for funds transferred. RTGS also refers to the continuous process of settling payments on an individual order basis without netting debits and credits across a central bank's books. Furthermore, real-time gross settlement payments are conclusive and irrevocable. In the simplest terms, the transaction settles in the receiving bank as soon as it is transferred from the sending bank. Furthermore, gross settlement means that transactions are handled and settled individually, rather than being bunched or grouped together. This serves as the foundation for a real-time gross settlement system and is expected to boost the real-time gross settlement market in the near future.

The Real-Time Gross Settlement market is segmented on the basis of Type, End User, and Region. Based on type, the market is divided into Inter-Bank Transaction and Customer Transaction. In terms of End User, the market is categorized into Individual and Enterprises. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

COVID-19 scenario analysis

During the COVID-19 outbreak, automation technology was adopted in a variety of end-user industries. Businesses are looking to increase their investments offshore as they prepare for a post-crisis ecosystem. Online banking is increasingly to be one of the biggest beneficiaries of post-COVID changes in the workplace.

Banking firms can anticipate deadlines and deliverables for each activity due to digitalization, and it can be notified if anything is out of process. The COVID-19 crisis has increased the number of companies with broken processes, where it necessitates the involvement of various organizational departments, as well as a great deal of coordination and interaction with a variety of internal and external data systems.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Rise in the adoption of banking services, adoption of cloud-based solutions, and customers’ demand for quicker payment settlements are driving the growth of the market. However, high deployment costs and increasing market competition are expected to hamper the growth of the market. Contrarily, rise in international trade can be seen as an opportunity for the market.

The real-time grosssettlement markettrends are as follows:

Rise in adoption of banking services

The rising use of banking services in day-to-day life, combined with the increasing use of advanced developments in financial services such as online payments, use of smartphones, and the availability of advanced services are driving the demand for real-time gross settlement payment systems. Users have built trust among consumers in recent years by adding an additional layer of verification to payment portals to secure information.

Furthermore, as the demand for online payments has grown, the need for faster payment portals has also increased. In addition, real-time gross settlement allows for payment access six days a week. Moreover, companies across industries are adopting an online payment culture, which is expected to supplement the demand for real-time gross settlement portals. Therefore, the demand for real-time gross settlement across the world is expected to boost the growth of the market during the next few years.

High deployment cost

Cost is an important consideration when selecting advanced technology such as real-time gross settlement, UPI, debit cards, and online banking. High security for these applications is typically expensive. The cost of incorporating or providing access to an online payment gateway application is usually very expensive. The high cost of real-time gross settlement solution components, as well as the high cost of incorporating payment gateways into the online payment market, is hampering market growth. In addition, the installation of high security to protect the interests of others is a significant cost component. These are the major reasons, which limit the demand for this market. Therefore, high implementation costs are expected to hinder the market growth of the real-time gross settlement market during the forecast period.

Key benefits of the report:

  • This study presents analytical depiction of the real-time grosssettlement marketalong with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.     
  • The current market is quantitatively analyzed to highlight the real-time grosssettlement marketgrowth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed market analysis depending on the present and future competitive intensity of the market.

Questions answered in the real-time gross settlement market research report:    

  • Which are the leading players active in the real-time grosssettlement market?
  • What would be the detailed impact of COVID-19 on the real-time grosssettlement market?
  • What are current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the real-time grosssettlement market?
  • What are the projections for the future that would help in taking further strategic steps?

Real-Time Gross Settlement Market Report Highlights

Aspects Details
By Type
  • Inter-Bank Transaction
  • Customer Transaction
By End User
  • Individual
  • Enterprises
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players

Bank of America Corporation., JPMorgan Chase & Co, Stanley, Goldman Sachs, Charles Schwab & Co, Julius Baer Group, UBS, CREDIT SUISSE GROUP., Morgan,, Royal Bank of Canada, Citigroup Inc.

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Real-Time Gross Settlement Market

Global Opportunity Analysis and Industry Forecast, 2023-2032