Electronic Funds Transfer Market Size | Usage Trends & Forecast 2025

Q: What is Electronic Funds Transfer (EFT)?

Electronic Funds Transfer refers to the digital movement of money from one bank account to another without the direct intervention of bank staff.

Q: Which sectors commonly use EFT services?

EFT is widely used in banking, retail, e-commerce, utilities, and corporate payroll services.

Q: What are the key benefits of EFT?

EFT offers fast, secure, cost-effective, and paperless transactions, making it ideal for both businesses and consumers.

Q: What are the main types of EFT transactions?

Common types include direct deposit, wire transfers, debit card payments, and online/mobile banking transfers.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4236

Publication Date: Jun 2025

What is the electronic funds transfer market size?

According to 6Wresearch internal database and industry insights, the Global Escape Room Market was valued at USD 2.1 billion in 2024 and is anticipated to exceed USD 5.7 billion by 2031, registering a steady at a CAGR of 11.5% during the forecast period.

The growth of this market is primarily being proliferated by the factors such as corporate team-building activities, rising demand for pragmatic entertainment, and group leisure experiences that blend puzzle-solving with immersive storytelling.

View Main Report

Schedule Analyst Call

Major Growth Factors of the Electronic funds transfer market

Growing adoption of digital banking
Expansion of e-commerce platforms
Increasing smartphone and internet penetration
Government push for cashless economies
Rising demand for real-time payments

Electronic funds transfer market Trends

The electronic funds transfer (EFT) market is witnessing strong momentum driven by increasing demand for contactless payments, integration with mobile wallets, and the shift towards real-time cross-border transactions. The rise of open banking and the use of AI for fraud detection are also influencing the trend landscape.

Emerging Developments in the Electronic funds transfer market

The market is evolving with innovations such as blockchain-based payment platforms, biometric authentication for secure transfers, and API-based banking systems. Additionally, regulatory developments and partnerships between fintech startups and traditional banks are shaping the marketâ€™s future.