📈 By 2029, A2A transactions will triple and place pressure on debit and prepaid cards

📈 By 2029, A2A transactions will triple and place pressure on debit and prepaid cards

According to a new report by ResearchAndMarkets.com, real-time payments and account-to-account transferscontinue to gain popularity worldwide.

🧬 By 2028, the total number of real-time payment transactions worldwide is expected to increase from 260 billion in 2023 to more than 575 billion.

🧬 Meanwhile, the global volume of A2A transactions is projected to grow from 60 billion in 2024 to approximately 185 billion in 2029. This expansion will be fueled by the adoption of lower-cost payment channels compared with traditional card-based schemes.

🧬 Within the card payments sector, more than 75% of executives at financial institutions worldwide stated in 2025 that debit and prepaid cards are the products most vulnerable to disruption due to the rapid growth of A2A payments.

🧬 In terms of infrastructure, India🇮🇳 and Brazil🇧🇷 remain leaders in the instant payments market, while Europe continues expanding its capabilities through the SEPA Instant system and the PSD2 directive.

🧬 The United States🇺🇸 continues to develop the RTP and FedNow systems alongside the existing ACH infrastructure.

🧬 The report also highlights the development of multi-channel models, in which payment providers operate by combining cards, RTP, ACH, and digital wallets.

⚠️ Challenges remain: despite strong growth, most A2A systems still operate primarily within domestic markets. Cross-border payments continue to rely on fragmented national infrastructures and correspondent banking networks. In addition, open banking adoption still faces obstacles related to fraud concerns, integration complexity,and ongoing regulatory fragmentation across jurisdictions.

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