Real-time payments growth to slow to 4%: BCG

Real-time A2A payments are gaining critical mass, and their growth is likely to moderate at 4 per cent annually over the next five years, noted a research report by Boston Consulting Group (BCG).

- TBG NETWORK

The report, however, adds that India’s UPI now powers over 19 billion transactions monthly.”Global payments revenue reached USD 1,9 trillion in 2024, but future growth will slow. After growing at 8.8 per cent annually since 2019, revenue expansion is expected to ease to 4 per cent annually. Transaction-based revenues remain strong, while deposit margin tailwinds slacken,” noted the BCG reportThe report adds, global payments revenue is projected to grow to USD 2.4 trillion by 2029. The industry is undergoing a foundational reset as agentic AI, digital currencies, and fintech business models begin to shape the next wave of expansion.These findings come from BCG»s 23rd annual Global Payments Report, released on Monday. The report draws on BC@s proprietary Global Payments Model and includes forecasts and market dynamics.»Paymentsis no longer just ab