This industry is anticipated to increase 39.4% annually by 2022, to reach US$241,018.2 million.
Embedded finance is predicted to increase at a steady rate of 23.9 percent between 2022 and 2029. Embedded finance revenues will grow from $241 million in 2022 to $776 million in 2029.
Asia Pacific has the world’s leading embedded loan providers. The region has been and continues to be a global hub for sophisticated fintech markets. Moreover, the region’s financial breakthroughs have made it a global leader in fintech innovation.
Embedded lending alternatives have seen high demand development in Australia, India, China, Singapore, Indonesia, and Malaysia in the last four to eight quarters. The region’s large young population drives demand and market growth.
Consumers in Europe are increasingly turning to embedded lending as the buy now pay later loan model gains popularity. Online shoppers are increasingly looking for quick and creative payment options. Consumers prefer BNPL because it is affordable and convenient. In the region, Klarna, PayPal Credit, and Splitit all offer BNPL services.
Embedded financing is most common in the UK compared to other European countries. The UK was an early adopter of integrated loans for purchases. Retail finance is seen as a practical way to spread the expense of pricey products in the UK.
Europe’s embedded insurance market is flourishing, with the UK, Germany, and France leading the way.
In order to remain competitive in the market and meet evolving customer demands, insurers in Europe are improving their distribution networks and business strategies. Moreover, the European embedded insurance market is booming due to new entrants. The market is soaring due to a rise in new funding rounds.
