Market Overview:
The global lending and payments market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The market growth is attributed to the increasing demand for online and mobile banking services, rising adoption of contactless payments, and growing need for fraud prevention solutions. In terms of type, the lending segment is expected to grow at a higher CAGR than the cards & payments segment during the forecast period. This can be attributed to the increasing demand for loans among consumers across regions. By application, banks are expected to account for the largest share of the global lending and payments market in 2018.
Product Definition:
The definition of lending and payments is the act of providing someone with money or something of value in exchange for future repayment. The importance of lending and payments is that it allows people to borrow money to finance things like homes and cars, while also allowing businesses to borrow money to finance new products or expand their operations.
Lending:
Lending is the process where one party (borrower) requests another party (lender) to provide financial assistance by granting a loan. Lending and payments are two sides of the same coin; both deal with money and its transfer from one place to another. The difference between them only resides in the perspective of transaction: while lending deals with money, payment involves transferring goods or services.
Cards & Payments:
Cards & Payments is a technology that facilitates the secure transfer of money through digital networks. It helps in making payments from one country to another without the need for physical currency. The technology uses unique identification codes, which are digitally generated and tied to specific bank accounts or credit cards. These identification codes or cards are used for making electronic payments over computer networks, thereby eliminating paper-based transactions and reducing transaction time significantly.
Application Insights:
The banks segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to rising adoption of e-wallets, mobile payments and online banking services across the globe. The non-banking financial institutions (NBFI) application segment is projected to register a notable CAGR during the forecast period as these institutions offer short term loans and advance money against your paycheck, credit card or another such form of collateralized debt obligation (CDO).
The cards & payments market can be classified into two segments: lending and payment processing. Lending involves offering cards issued by banks, financial institutions or other entities that provide consumers with access to funds through various means such as ATM machines, cheque cashing services etcetera. On the other hand, payment processing involves acceptance/processing of payments made using cards issued by different providers at merchant locations for purchasing goods/services resulting in higher revenue generation for both parties involved i.e.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing smartphone penetration, rising adoption of digital payment technologies, and growing demand for financial inclusion. Moreover, favorable government initiatives such as Digital India are anticipated to drive regional growth further.
The Middle East & Africa is projected to grow at a lucrative rate over the forecast period owing to increasing adoption of mobile money across countries such as South Africa and Kenya among others which have high unmet needs regarding financial services accessions thereby boosting regional growth prospects significantly over the coming years.
North America was one of the prominent regions that accounted for a significant share in terms of revenue generation owing largely due their large population base along with higher levels disposable income especially within U.S.
Growth Factors:
- Increasing demand for credit and debit cards from the consumers
- Proliferation of digital channels such as e-commerce, m-commerce, and P2P payments
- Rising demand for instant loans from the consumers
- Emergence of new payment technologies such as mobile wallets and contactless payments
- Growing preference for cashless transactions among the consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Lending And Payments Market Research Report
By Type
Lending, Cards & Payments
By Application
Banks, Non-Banking Financial Institutions, Others
By Companies
Industry And Commercial Bank Of China, Agricultural Bank Of China, Bank Of China, JP Morgan, Wells Fargo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lending And Payments Market Report Segments:
The global Lending And Payments market is segmented on the basis of:
Types
Lending, Cards & Payments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banks, Non-Banking Financial Institutions, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Industry And Commercial Bank Of China
- Agricultural Bank Of China
- Bank Of China
- JP Morgan
- Wells Fargo
Highlights of The Lending And Payments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lending
- Cards & Payments
- By Application:
- Banks
- Non-Banking Financial Institutions
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lending And Payments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lending and payments are two terms that are often used interchangeably. They both refer to the financial transactions between lenders and borrowers. Lenders provide money to borrowers in exchange for an agreed-upon interest rate and repayment schedule, while borrowers pay back the borrowed money with interest.
Some of the major companies in the lending and payments market are Industry And Commercial Bank Of China, Agricultural Bank Of China, Bank Of China, JP Morgan, Wells Fargo.
The lending and payments market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lending And Payments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lending And Payments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lending And Payments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lending And Payments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lending And Payments Market Size & Forecast, 2018-2028
4.5.1 Lending And Payments Market Size and Y-o-Y Growth
4.5.2 Lending And Payments Market Absolute $ Opportunity
Chapter 5 Global Lending And Payments Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lending And Payments Market Size Forecast by Type
5.2.1 Lending
5.2.2 Cards & Payments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lending And Payments Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lending And Payments Market Size Forecast by Applications
6.2.1 Banks
6.2.2 Non-Banking Financial Institutions
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lending And Payments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lending And Payments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lending And Payments Analysis and Forecast
9.1 Introduction
9.2 North America Lending And Payments Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lending And Payments Market Size Forecast by Type
9.6.1 Lending
9.6.2 Cards & Payments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lending And Payments Market Size Forecast by Applications
9.10.1 Banks
9.10.2 Non-Banking Financial Institutions
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lending And Payments Analysis and Forecast
10.1 Introduction
10.2 Europe Lending And Payments Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lending And Payments Market Size Forecast by Type
10.6.1 Lending
10.6.2 Cards & Payments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lending And Payments Market Size Forecast by Applications
10.10.1 Banks
10.10.2 Non-Banking Financial Institutions
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lending And Payments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lending And Payments Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lending And Payments Market Size Forecast by Type
11.6.1 Lending
11.6.2 Cards & Payments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lending And Payments Market Size Forecast by Applications
11.10.1 Banks
11.10.2 Non-Banking Financial Institutions
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lending And Payments Analysis and Forecast
12.1 Introduction
12.2 Latin America Lending And Payments Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lending And Payments Market Size Forecast by Type
12.6.1 Lending
12.6.2 Cards & Payments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lending And Payments Market Size Forecast by Applications
12.10.1 Banks
12.10.2 Non-Banking Financial Institutions
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lending And Payments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lending And Payments Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lending And Payments Market Size Forecast by Type
13.6.1 Lending
13.6.2 Cards & Payments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lending And Payments Market Size Forecast by Applications
13.10.1 Banks
13.10.2 Non-Banking Financial Institutions
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lending And Payments Market: Competitive Dashboard
14.2 Global Lending And Payments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Industry And Commercial Bank Of China
14.3.2 Agricultural Bank Of China
14.3.3 Bank Of China
14.3.4 JP Morgan
14.3.5 Wells Fargo
