Blockchain Press Releases
Embedded Finance Market to Reach $622.9 billion, Globally, by 2032 at 25.4% CAGR: Allied Market Research
The embedded finance market is quickly expanding as a result of its capacity to seamlessly integrate financial services into non-financial platforms, resulting in convenience, efficiency, and enhanced user experiences
PORTLAND, Ore., July 3, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Embedded Finance Market by Type (Embedded Payment, Embedded Lending, Embedded Investment, and Embedded Insurance), and Industry Vertical (Retail and E-Commerce, Transportation & Logistics, Healthcare, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032.” According to the report, the global embedded finance market was valued at $66.8 billion in 2022, and is projected to reach $622.9 billion by 2032, growing at a CAGR of 25.4% from 2023 to 2032.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/111289
Prime Determinants of Growth
The embedded finances market is driven by the rising trend of digital transformation in several sectors and the evolving demands of customers in the digital world to embrace embedded finance as a means to enhance their products and services. However, regulatory challenges indeed act as a significant restraint for the embedded finance market. On the contrary, with the integration of financial services into non-financial platforms, such as e-commerce websites, ride-sharing apps, and social media platforms, embedded finance has the potential to reach a much larger audience than traditional financial institutions alone.
Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$66,834.90 million |
|
Market Size in 2032 |
$622,914.00 million |
|
CAGR |
25.4 % |
|
No. of Pages in Report |
328 |
|
Segments covered |
Type, Industry Vertical, and Region. |
|
Drivers |
Increase in digital transformation Customer demand for convenience Global expansion and financial inclusion |
|
Opportunities |
Expanded customer base |
|
Restraints |
Regulatory challenges |
COVID-19 Scenario
- The COVID-19 pandemic had a positive impact on the embedded finance market. With the widespread adoption of remote work, online shopping, and digital services, the need for seamless financial transactions became more pronounced.
- The pandemic accelerated the shift towards digital channels, and embedded finance emerged as a key solution to meet the growing demand for convenient financial services. The integration of financial services into non-financial platforms became even more crucial as businesses sought to offer comprehensive solutions to their customers.
- From contactless payments to digital lending and insurance, embedded finance provided a way for businesses to adapt to the changing landscape and enhance customer experience. As a result, the embedded finance market experienced rapid growth during the pandemic, and its importance and potential for further expansion became increasingly evident.
Procure Complete Report (328 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/44uTgic
The embedded payment segment to maintain its leadership status throughout the forecast period
Based on type, the embedded payment segment held the highest market share in 2022, accounting for around two-fifths of the global embedded finance market revenue. This can be attributed to the widespread adoption of payment service across various demographics and regions. However, the embedded lending segment is projected to manifest the highest CAGR of 28.7% from 2023 to 2032, this is attribute to the fact that it enables businesses to provide rapid and personalized lending options right within their platforms, satisfying the increased demand for quick access to finance and improving the overall customer experience.
The retail and e-commerce segment to maintain its leadership status throughout the forecast period
Based on industry vertical, the retail and e-commerce segment held the highest market share in 2022, accounting for nearly two-fifths of the global embedded finance market revenue. This is attributed to the increasing demand for integrated payment solutions, personalized financing options, and streamlined customer experiences within these sectors. However, the media and entertainment segment is projected to manifest the highest CAGR of 29.7% from 2023 to 2032. This is owing to the integration of microtransactions and digital currencies into media platforms has the potential to revolutionize content monetization models.
North America to maintain its dominance in 2022
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global embedded finance market revenue. This is because regulatory bodies in North America are actively considering policies and regulations to foster innovation and competition in the embedded finance space. However, the Asia-Pacific region is expected to witness the fastest CAGR of 28.7% from 2023 to 2032, and is likely to dominate the market during the forecast period, owing to the fact that Asia-Pacific region witnessing significant digital transformation across various sectors, including finance.
Leading Market Players: –
- Block, Inc.
- Cybrid Technology Inc
- Fortis Payment Systems, LLC (“Fortis”)
- Finastra International Limited
- FinBox
- Lendflow
- PAYRIX
- PayPal Holdings, Inc
- Stripe
The report provides a detailed analysis of these key players of the global embedded finance market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the embedded finance market forecast from 2023 to 2032 to identify the prevailing embedded finance market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the embedded finance market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global embedded finance market trends, key players, market segments, application areas, and market growth strategies.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/embedded-finance-market/purchase-options
Similar Reports We Have on BFSI Industry:
Auto Finance Market by Vehicle Type (Passenger Vehicles, Commercial Vehicles), by Vehicle Age (New Vehicles, Used Vehicles), by Purpose (Loan, Leasing), by Loan Provider (Banks, OEMs, Credit Unions, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Supply Chain Finance Market by Offering (Export and Import Bills, Letter of Credit, Performance Bonds, Shipping Guarantees, Others), by Provider (Banks, Trade Finance House, Others), by Application (Domestic, International), by End User (Large Enterprises, Small and Medium-sized Enterprises): Global Opportunity Analysis and Industry Forecast, 2021-2031
Housing Finance Market by Application (Home Purchase, Refinance, Home Improvement, Other Purpose), by Providers (Banks, Housing Finance Companies, Real Estate Agents, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Trade Finance Market by Product Type (Commercial Letters of Credit (LCs), Standby Letters of Credit (LCs), Guarantees, and Others), Provider (Banks, Trade Finance Houses, and Others), Application (Domestic and International), and End User (Traders, Importers, and Exporters): Global Opportunity Analysis and Industry Forecast, 2021-2030
Car Finance Market by Distribution Channel (Banks, OEMs, Credit Unions, and Others), Vehicle Age (New Vehicles and Used Vehicles), Application (Personal and Commercial), and Purpose (Loans and Lease): Global Opportunity Analysis and Industry Forecast, 2020-2027
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/embedded-finance-market-to-reach-622-9-billion-globally-by-2032-at-25-4-cagr-allied-market-research-301868765.html
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.
Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:
- Merchants: Merchants may post advertisements on Bybit P2P for free.
- Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.
P2P Fee Structure (Africa)
|
Taker Fee (Sell Page) |
Maker Fee (Sell Page) |
|
|
Bybit |
0 % |
0 % |
|
Competitor B |
0.5% on completed orders for certain trading pairs |
0 % |
In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.
“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.
P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-waives-p2p-transaction-fees-for-users-in-africa-302313124.html
TAIPEI, Nov. 21, 2024 /PRNewswire/ — KryptoGO, a leading Web3 infrastructure provider, offers an innovative wallet solution to help businesses offer secure and stable crypto payment services without the need for costly in-house development. With its Wallet as a Service (WaaS), KryptoGO enables enterprises to quickly integrate efficient and cost-effective crypto payment solutions while focusing on their business operations.
Why Choose KryptoGO’s Wallet Solution?
Developing a secure, multi-chain crypto wallet from scratch presents significant challenges, including extensive security measures, maintaining fast and reliable transaction speeds, and controlling development and operational costs. A recent PwC global CEO survey highlighted that security concerns, regulatory issues, and operational complexities are key barriers for businesses adopting digital asset solutions. Additionally, Coinbase’s report states that 87% of Fortune 500 executives cited a lack of clear regulations as a significant obstacle in their digital asset investments. KryptoGO’s WaaS addresses these issues by providing a white-label wallet service that businesses can easily integrate, ensuring strong performance and compliance.
Competitive Advantage: Speed and Cost Control
KryptoGO has optimized transaction speeds and minimized costs through extensive benchmarking and performance evaluations. On the TRON blockchain, KryptoGO delivers transaction notifications within 1.2 seconds and reduces transaction fees by at least 20% compared to other wallets. These advantages stem from the team’s expertise in blockchain development and data index optimization, ensuring faster, more efficient, and dependable transactions.
Success Story: Ocean Wallet
One of KryptoGO’s notable successes in customizable, white-label wallet solutions is Ocean Wallet. In less than two months, Ocean Wallet was able to launch a fully functional, competitive crypto wallet app without needing to hire any developer. With KryptoGO’s flexible solution, Ocean Wallet was able to tailor its features to meet the specific needs of its target audience—stablecoins payments in the TRON ecosystem. By leveraging KryptoGO’s expertise, Ocean Wallet was able to deliver a seamless wallet experience with the ideal functionality to support its unique business model, achieving fast market entry and providing seamless crypto payment solutions at the lowest possible cost.
Building the Future of Crypto Payments
For businesses looking to enter Web3 quickly and efficiently, a customizable wallet solution is the key. KryptoGO’s Wallet as a Service enables corporates to adopt crypto with minimal development resources. If you’re also interested in how KryptoGO can support your Web3 business needs, please contact us or visit www.kryptogo.com.
Media Contact: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/kryptogo-empowering-enterprises-with-ready-to-deploy-wallet-technology-302312926.html
Blockchain Press Releases
KuCoin Partners with Dubai Sports Council for the Open Padel Cup for Government Institutions
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — KuCoin, a leading global crypto exchange, in collaboration with the Dubai Sports Council, has announced the Open Padel Cup for Government Institutions as the Title Sponsor during a press conference held on November 19th, 2024. Scheduled from December 13 to 15, the Open Padel Cup Championship invites all government institutions across the UAE to participate. To promote amateur participation, professional players registered with clubs or the UAE Padel Association are not eligible, ensuring over 300 Emirati amateurs can take part in this competition.
Padel has been gaining traction in Dubai as a fun and engaging way to promote a healthy lifestyle and enrich the local sports culture. The Dubai Sports Council has recently spearheaded the Padel Cup Tournament initiative, partnering with KuCoin for the event, which is organized by Royal Griffin Event and hosted at JUST PADEL facilities.
As the title sponsor, KuCoin has expressed strong confidence in the economic prospects of the Middle East, particularly the UAE and Dubai, especially regarding the immense potential of the cryptocurrency market. Over the past few years, KuCoin has established many meaningful partnerships in Dubai’s vibrant city and has been actively involved in various local activities. Last year, KuCoin sponsored the COP28 Global Climate Change and Green Blockchain Summit and hosted the “KuCoin Green Future Charity Gala Dinner,” supporting various charitable causes.
At the press conference, Harry Chan, the representative from KuCoin highlighted the synergy between sports and blockchain technology, noting that both fields emphasize collaboration and innovation. Padel is a sport that requires high levels of teamwork and strategic thinking, aligns with the decentralized cooperation and innovative spirit of blockchain technology. “We believe that through activities like the Open Padel Cup for Government Institutions, we can better communicate the core values of blockchain technology to the public and inspire more innovative ideas,” said the KuCoin representative, and “help bring in and connect global responsible companies and talents”. This event marks the latest in a series of collaborations by KuCoin in Dubai, underscoring its long-term commitment to the Dubai market.
Fawzia Faridoun, Director of the Community Sports Department at the Dubai Sports Council expressed pleasure in partnering with KuCoin to promote the city’s sports culture and healthy lifestyle, looking forward to deeper cooperation in the future.
About KuCoin
Launched in September 2017, KuCoin is a leading crypto exchange and financial technology platform with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement, KuCoin offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 37 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of November 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
Photo – https://mma.prnewswire.com/media/2564317/image.jpg
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kucoin-partners-with-dubai-sports-council-for-the-open-padel-cup-for-government-institutions-302312586.html
-
Blockchain7 days agoThis Week in Finance News: 11 Stories You Need to See
-
Blockchain Press Releases7 days agoBybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards
-
Blockchain Press Releases4 days agoSweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain7 days agoBybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
-
Blockchain Press Releases4 days ago
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain4 days agoFrontiers of Fintech: Innovative Practices of SILEGX Exchange
-
Blockchain Press Releases3 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility
-
Blockchain4 days ago
Adapt or Die: The Urgent Shift from VASP to MiCA
