Biggest real-time payments brands worldwide in 2024, based on number of transactions

UPI in India and Pix in Brazil together reached nearly *** billion transactions in 2024, making them the largest brands in real-time payments. RTP is especially common in Asia-Pacific. Transactions in India are almost **** times higher as in China. Systems in the United States – such as the privately owned Venmo and Zelle in the United States, or the public interbank system of Faster Payments in the UK – are much smaller in comparison. Real-time payments generally have two main characteristics that make them appealing: One, as the name suggests, payments can be initiated and settled almost immediately, allowing consumers, businesses, bank to send and receive money across the world within minutes. Two, these schemes are not bound to the opening times of a bank, and are available “24/7” and 365 days in the year. These traits matter especially to countries with a complex payment market that need to be digitalized.