Making Payments Faster: The $20 Trillion Opportunity
- Date:May 11, 2017
- Author(s):
- Michael Moeser
- Report Details: 29 pages, 15 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
- How are faster payments and real-time payments different?
- What can be learned from the UK’s launch of the Faster Payments Service?
- What is the potential size of the U.S. target market opportunity for faster payments and real-time payments?
- How much of the target market opportunity be could be converted in the next five years?
- Can P2P services be successful if they don’t offer emojis and social sharing of transactions?
- Is the consumer P2P market destined to be a winner-take-all scenario or is there room for multiple P2P services?
Methodology
The consumer data in this report was primarily collected from the following:
- A random-sample survey of 3,200 respondents conducted online in October 2016. The overall margin of error is +1.74 at the 95% confidence level. The margin of error is larger for subsets.
Industry card data and reward programs were derived from industry interviews, with supplementary data from secondary sources such as NACHA, The Federal Reserve, British Faster Payments Service, The Nilson Report and public websites.
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