Real-Time Payments and Economic Impact
Real-time payments are transforming India’s economy, with projections showing an addition of $76.5 billion (1.5% of GDP) by 2028. In 2023, these systems contributed $50 billion and led globally in economic growth due to real-time technologies. By 2028, 25.5 million new bank accounts are expected to generate $24.6 billion in revenue for financial institutions. Globally, real-time payments are set to add $285.8 billion to GDP, with India leading adoption. Enhanced efficiency, financial inclusion, and reduced transaction delays are key benefits, positioning real-time payments as a major driver of India’s economic and banking evolution.
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