New Delhi, Sept. 22 -- 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). 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 report

The report adds, global payments revenue is projected to grow to USD 2.4 trillion by 2029. The industry is undergoing a foundation...