This can be seen in the following graph: While transfer payments are not included in GDP, they are largely put in the hands of those who spend most of the money immediately. Therefore, transfer ...

India accounted for 129.3 billion real-time payment transactions in 2023, making it the largest market globally. This surge is projected to contribute 1.5 per cent to GDP by 2028, equating to the ...

Globally, real-time payments are expected to contribute $285.8 billion in additional GDP growth—a 74.2% increase over five years—and create more than 167 million new bank account holders by 2028.

equivalent to 1.12 per cent of the country's forecasted GDP. "By allowing for the transfer of money between parties within seconds rather than days, real-time payments improve overall market ...