APAC report explores growth opportunities in payment, tech sectors

The study analyzes the factors that drive and restrain growth and identifies the growth opportunities emerging from the changes in this space for payment providers, technology companies, independent software vendors, financial service providers, and retailers to leverage. The base year is 2022, and the forecast period is 2023 to 2027, according to Research and Markets.

The expansion of embedded payment to new domains and process automation are great opportunities for growth in the Asia-Pacific Real-Time Payment (RTP) Monetization market. Technology advances in online payment and the development of cloud and API-based solutions are transforming the industry and its processing workflows.

As a result, businesses will transform to offer payment capability in their portfolio during the next few years. Fundamentally, embedded payments will result in better experiences and retention, opening new opportunities. Additionally, cloud and API-based solutions drive innovation that can improve processing time and simplify payments system integration and interoperability.

This study will help providers and market participants understand the growth opportunities in the RTP system for various application enablers. The research covers use cases of the potential benefits of leveraging RTP solutions to support new payment service innovation in omnichannel and omni-commerce spaces and includes a non-exhaustive list of market participants that provide RTP monetization services, and key company profiles have also been included. Research and Markets