The Asia Pacific Banking-as-a-Service Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
Customers access services like health e-commerce, travel, retail, and telecom more frequently through these platforms. As a result, even though a financial institution is providing the financial product, a non-banking financial company can offer financial products & services under its brand to give consumers the impression that they are making a purchase from that brand.
An affordable, scalable, cloud-native platform can be developed for this purpose by a financial institution, which will reduce the cost of serving customers. A digital bank, fintech, or other third-party providers (TPP) first pays a fee to access the BaaS platform in the BaaS model. The financial institution provides access to the systems and data required to create new banking products or provide white-label banking services to the TPP by opening its APIs to them.
Launching their own BaaS platforms allows legacy institutions to advance in open banking while also creating new revenue streams. Consumers can pay a monthly fee to access the BaaS platform, or they can pay separately for each service they use. These are the two main ways to monetize BaaS. The financial services sector is moving toward a time when shared data and infrastructure will become consumers' new expectations, as several countries have already started enacting open banking regulations.
There is an increase the acceptance of mobile and online banking by developing nations in the region like India, China, and Singapore. The industry's growth is being driven by a sharp increase in e-commerce. The use of digital banking services for retail payments is encouraged by the region's high level of acceptance of mobile & internet banking. Besides that, the governments of several nations are taking several initiatives in order to enhance the BFSI sector in the region.
The China market dominated the Asia Pacific Banking-as-a-Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,253.2 million by 2028.The Japan market is estimated to grow a CAGR of 15.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 17% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services. Based on End User, the market is segmented into Banks, NBFC, Government and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Product Type, the market is segmented into Cloud-Based and API-Based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Banking-as-a-Service Market is Projected to reach USD 51.2 Billion by 2028, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Green Dot Corporation, PayPal Holdings, Inc., Block, Inc., Sopra Steria Group SA, Moven Enterprises, Solarisbank AG, The Currency Cloud Limited, Treezor SAS, Bnkbl Ltd., and MatchMove Pay Pte. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
By End User
- Banks
- NBFC
- Government
- Others
By Organization size
By Product Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Green Dot Corporation
- PayPal Holdings, Inc.
- Block, Inc.
- Sopra Steria Group SA
- Moven Enterprises
- Solarisbank AG
- The Currency Cloud Limited
- Treezor SAS
- Bnkbl Ltd.
- MatchMove Pay Pte. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Banking-as-a-Service Market, by Component
1.4.2 Asia Pacific Banking-as-a-Service Market, by End User
1.4.3 Asia Pacific Banking-as-a-Service Market, by Organization size
1.4.4 Asia Pacific Banking-as-a-Service Market, by Product Type
1.4.5 Asia Pacific Banking-as-a-Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2022, Mar) Leading Players
Chapter 4. Asia Pacific Banking-as-a-Service Market by Component
4.1 Asia Pacific Platform Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Banking-as-a-Service Market by End-use
5.1 Asia Pacific Banks Market by Country
5.2 Asia Pacific NBFC Market by Country
5.3 Asia Pacific Government Market by Country
5.4 Asia Pacific Other End-use Market by Country
Chapter 6. Asia Pacific Banking-as-a-Service Market by Organization size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific SMEs Market by Country
Chapter 7. Asia Pacific Banking-as-a-Service Market by Product Type
7.1 Asia Pacific Cloud-Based Market by Country
7.2 Asia Pacific API-Based Market by Country
Chapter 8. Asia Pacific Banking-as-a-Service Market by Country
8.1 China Banking-as-a-Service Market
8.1.1 China Banking-as-a-Service Market by Component
8.1.2 China Banking-as-a-Service Market by End-use
8.1.3 China Banking-as-a-Service Market by Organization size
8.1.4 China Banking-as-a-Service Market by Product Type
8.2 Japan Banking-as-a-Service Market
8.2.1 Japan Banking-as-a-Service Market by Component
8.2.2 Japan Banking-as-a-Service Market by End-use
8.2.3 Japan Banking-as-a-Service Market by Organization size
8.2.4 Japan Banking-as-a-Service Market by Product Type
8.3 India Banking-as-a-Service Market
8.3.1 India Banking-as-a-Service Market by Component
8.3.2 India Banking-as-a-Service Market by End-use
8.3.3 India Banking-as-a-Service Market by Organization size
8.3.4 India Banking-as-a-Service Market by Product Type
8.4 South Korea Banking-as-a-Service Market
8.4.1 South Korea Banking-as-a-Service Market by Component
8.4.2 South Korea Banking-as-a-Service Market by End-use
8.4.3 South Korea Banking-as-a-Service Market by Organization size
8.4.4 South Korea Banking-as-a-Service Market by Product Type
8.5 Singapore Banking-as-a-Service Market
8.5.1 Singapore Banking-as-a-Service Market by Component
8.5.2 Singapore Banking-as-a-Service Market by End-use
8.5.3 Singapore Banking-as-a-Service Market by Organization size
8.5.4 Singapore Banking-as-a-Service Market by Product Type
8.6 Malaysia Banking-as-a-Service Market
8.6.1 Malaysia Banking-as-a-Service Market by Component
8.6.2 Malaysia Banking-as-a-Service Market by End-use
8.6.3 Malaysia Banking-as-a-Service Market by Organization size
8.6.4 Malaysia Banking-as-a-Service Market by Product Type
8.7 Rest of Asia Pacific Banking-as-a-Service Market
8.7.1 Rest of Asia Pacific Banking-as-a-Service Market by Component
8.7.2 Rest of Asia Pacific Banking-as-a-Service Market by End-use
8.7.3 Rest of Asia Pacific Banking-as-a-Service Market by Organization size
8.7.4 Rest of Asia Pacific Banking-as-a-Service Market by Product Type
Chapter 9. Company Profiles
9.1 Green Dot Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.2 PayPal Holdings, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.3 Block, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Acquisition and Mergers:
9.4 Sopra Steria Group SA (Fidor Solutions AG)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.5 Moven Enterprise
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Geographical Expansions:
9.6 Solaris Group
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Geographical Expansions:
9.7 The Currency Cloud Limited
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.7.2.3 Geographical Expansions:
9.8 Treezor SAS
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Bnkbl Ltd.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. MatchMove Pay Pte Ltd.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Acquisition and Mergers:
TABLE 1 Asia Pacific Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Banking-as-a-service Market
TABLE 4 Product Launches And Product Expansions – Banking-as-a-service Market
TABLE 5 Acquisition and Mergers – Banking-as-a-service Market
TABLE 6 Geographical Expansions – Banking-as-a-service Market
TABLE 7 Asia Pacific Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Platform Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Platform Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Banks Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Banks Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific NBFC Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific NBFC Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Other End-use Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Other End-use Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific SMEs Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific SMEs Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Cloud-Based Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Cloud-Based Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific API-Based Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific API-Based Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Banking-as-a-Service Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Banking-as-a-Service Market by Country, 2022 - 2028, USD Million
TABLE 37 China Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 38 China Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 39 China Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 40 China Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 41 China Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 42 China Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 43 China Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 44 China Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 45 China Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 46 China Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 47 Japan Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 48 Japan Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 49 Japan Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 50 Japan Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 51 Japan Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 52 Japan Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 53 Japan Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 54 Japan Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 55 Japan Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Japan Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 57 India Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 58 India Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 59 India Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 60 India Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 61 India Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 62 India Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 63 India Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 64 India Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 65 India Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 66 India Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 67 South Korea Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 68 South Korea Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 69 South Korea Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 70 South Korea Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 71 South Korea Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 72 South Korea Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 73 South Korea Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 74 South Korea Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 75 South Korea Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 76 South Korea Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 77 Singapore Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 78 Singapore Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 79 Singapore Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 80 Singapore Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 81 Singapore Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 82 Singapore Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 83 Singapore Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 84 Singapore Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 85 Singapore Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 86 Singapore Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 87 Malaysia Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 88 Malaysia Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 89 Malaysia Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 90 Malaysia Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 91 Malaysia Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 92 Malaysia Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 93 Malaysia Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 94 Malaysia Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 95 Malaysia Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 96 Malaysia Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 107 Key Information – Green Dot Corporation
TABLE 108 Key Information – PayPal Holdings, Inc.
TABLE 109 Key information – Block, Inc.
TABLE 110 Key Information – Sopra Steria Group SA
TABLE 111 Key Information – Moven Enterprises
TABLE 112 Key Information – Solaris Group
TABLE 113 Key Information – The Currency Cloud Limited
TABLE 114 Key Information – TREEZOR SAS
TABLE 115 Key Information – Bnkbl Ltd
TABLE 116 Key Information – MatchMove Pay Pte Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2022, Mar) Leading Players
FIG 5 Recent strategies and developments: PayPal Holdings, Inc.
FIG 6 Recent strategies and developments: The Currency Cloud Limited