The Latin America, Middle East and Africa Fintech-as-a-Service Market would witness market growth of 20.2% CAGR during the forecast period (2022-2028).
Fintech-as-a-Service streamlines financial operations by automating them, doing away with tedious paperwork, and minimizing human involvement. Working hours are freed up for other worthwhile duties due to robotic automation. Streamlined processes, detailed document analysis, and speedy outcomes were the result. Businesses may dramatically cut the turnaround time for the entire financial process and enhance the customer experience by incorporating Fintech-as-a-Service.
Rapyd, a FinTech payments and banking services company with headquarters in London, has experienced rapid expansion recently. The business provides subscribers with complete financial management, money transfer, and payment services using a single, scalable, and Application Programming Interface (API). The API serves as a link between cutting-edge technology and antiquated systems. The rapid expansion of Rapyd is evidence of the widespread acceptance of Fintech-as-a-Service.
FinTech firms have the agility, quickness, and skill to seize the benefits of emerging technology and turn them into the new services that consumers now need. Recently, researchers have grown more and more interested in the FinTech industry. As a result, FinTech has enormous potential for promoting financial inclusion and preventing it. It would be difficult to succeed in this market due to the fierce competition among present suppliers, leaving current and future suppliers no choice except to work together.
Fintech solutions for healthcare, healthcare verticalization, and changes in how and where individuals pay for healthcare are all topics of growing interest in the area. The growth of e-commerce, the acceptance of digital payments, growing investments in blockchain technology, and the effects of COVID-19 are all expected to have a significant impact on the market. When it comes to fintech, Dubai and Bahrain are the most developed nations in the region. For instance, IBM and Dubai's AI Roadmap collaborated to establish the first AI lab ever. This collaboration has tapped into the power of machine learning and AI for services and experiences related to civic and governmental functions.
The Brazil market dominated the LAMEA Fintech-as-a-Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,343.2 million by 2028. The Argentina market is experiencing a CAGR of 20.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.9% during (2022 - 2028).
Based on Technology, the market is segmented into Blockchain, API, Artificial Intelligence, RPA, and Others. Based on End Use, the market is segmented into Insurance, Bank, Financial Lending Companies, and Others. Based on Type, the market is segmented into Payment, Fund Transfer, Loan, and Others. Based on Application, the market is segmented into Compliance & Regulatory Support, KYC Verification, Fraud Monitoring, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fintech-as-a-Service Market is Predict to reach $681.6 Billion by 2028, at a CAGR of 16.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PayPal Holdings, Inc., Mastercard, Inc., Upstart Network, Inc., Block, Inc., Envestnet, Inc., SoFi Technologies, Inc., Rapyd Financial Network Ltd., Solid Financial Technologies, Inc., Synctera Inc., and Railsbank Technology Ltd. (Railsr).
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Blockchain
- API
- Artificial Intelligence
- RPA
- Others
By End Use
- Insurance
- Bank
- Financial Lending Companies
- Others
By Type
- Payment
- Fund Transfer
- Loan
- Others
By Application
- Compliance & Regulatory Support
- KYC Verification
- Fraud Monitoring
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- PayPal Holdings, Inc.
- Mastercard, Inc.
- Upstart Network, Inc.
- Block, Inc.
- Envestnet, Inc.
- SoFi Technologies, Inc.
- Rapyd Financial Network Ltd.
- Solid Financial Technologies, Inc.
- Synctera Inc.
- Railsbank Technology Ltd. (Railsr)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Fintech-as-a-Service Market, by Technology
1.4.2 LAMEA Fintech-as-a-Service Market, by End Use
1.4.3 LAMEA Fintech-as-a-Service Market, by Type
1.4.4 LAMEA Fintech-as-a-Service Market, by Application
1.4.5 LAMEA Fintech-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 & scenarios
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)
Chapter 4. LAMEA Fintech-as-a-Service Market by Technology
4.1 LAMEA Blockchain Market by Country
4.2 LAMEA API Market by Country
4.3 LAMEA Artificial Intelligence Market by Country
4.4 LAMEA RPA Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Fintech-as-a-Service Market by End-use
5.1 LAMEA Insurance Market by Country
5.2 LAMEA Bank Market by Country
5.3 LAMEA Financial Lending Companies Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Fintech-as-a-Service Market by Type
6.1 LAMEA Payment Market by Country
6.2 LAMEA Fund Transfer Market by Country
6.3 LAMEA Loan Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Fintech-as-a-Service Market by Application
7.1 LAMEA Compliance & Regulatory Support Market by Country
7.2 LAMEA KYC Verification Market by Country
7.3 LAMEA Fraud Monitoring Market by Country
7.4 LAMEA Others Market by Country
Chapter 8. LAMEA Fintech-as-a-Service Market by Country
8.1 Brazil Fintech-as-a-Service Market
8.1.1 Brazil Fintech-as-a-Service Market by Technology
8.1.2 Brazil Fintech-as-a-Service Market by End-use
8.1.3 Brazil Fintech-as-a-Service Market by Type
8.1.4 Brazil Fintech-as-a-Service Market by Application
8.2 Argentina Fintech-as-a-Service Market
8.2.1 Argentina Fintech-as-a-Service Market by Technology
8.2.2 Argentina Fintech-as-a-Service Market by End-use
8.2.3 Argentina Fintech-as-a-Service Market by Type
8.2.4 Argentina Fintech-as-a-Service Market by Application
8.3 UAE Fintech-as-a-Service Market
8.3.1 UAE Fintech-as-a-Service Market by Technology
8.3.2 UAE Fintech-as-a-Service Market by End-use
8.3.3 UAE Fintech-as-a-Service Market by Type
8.3.4 UAE Fintech-as-a-Service Market by Application
8.4 Saudi Arabia Fintech-as-a-Service Market
8.4.1 Saudi Arabia Fintech-as-a-Service Market by Technology
8.4.2 Saudi Arabia Fintech-as-a-Service Market by End-use
8.4.3 Saudi Arabia Fintech-as-a-Service Market by Type
8.4.4 Saudi Arabia Fintech-as-a-Service Market by Application
8.5 South Africa Fintech-as-a-Service Market
8.5.1 South Africa Fintech-as-a-Service Market by Technology
8.5.2 South Africa Fintech-as-a-Service Market by End-use
8.5.3 South Africa Fintech-as-a-Service Market by Type
8.5.4 South Africa Fintech-as-a-Service Market by Application
8.6 Nigeria Fintech-as-a-Service Market
8.6.1 Nigeria Fintech-as-a-Service Market by Technology
8.6.2 Nigeria Fintech-as-a-Service Market by End-use
8.6.3 Nigeria Fintech-as-a-Service Market by Type
8.6.4 Nigeria Fintech-as-a-Service Market by Application
8.7 Rest of LAMEA Fintech-as-a-Service Market
8.7.1 Rest of LAMEA Fintech-as-a-Service Market by Technology
8.7.2 Rest of LAMEA Fintech-as-a-Service Market by End-use
8.7.3 Rest of LAMEA Fintech-as-a-Service Market by Type
8.7.4 Rest of LAMEA Fintech-as-a-Service Market by Application
Chapter 9. Company Profiles
9.1 PayPal Holdings, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.2 Mastercard, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.3 Upstart Network, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Recent strategies and developments:
9.3.3.1 Partnerships, Collaborations, and Agreements:
9.3.3.2 Product Launches and Product Expansions:
9.4 Block, Inc.
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 Envestnet, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.6 SoFi Technologies, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Acquisition and Mergers:
9.7 Rapyd Financial Network Ltd.
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 Solid Financial Technologies, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Synctera Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. Railsbank Technology Ltd. (Railsr)
9.10.1 Company Overview
TABLE 1 LAMEA Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Fintech-as-a-Service Market
TABLE 4 Product Launches And Product Expansions– Fintech-as-a-Service Market
TABLE 5 Acquisition and Mergers– Fintech-as-a-Service Market
TABLE 6 Geographical Expansions– Fintech-as-a-Service Market
TABLE 7 LAMEA Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 8 LAMEA Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 9 LAMEA Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA API Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA API Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Artificial Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Artificial Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA RPA Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA RPA Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 20 LAMEA Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 21 LAMEA Insurance Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Insurance Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Bank Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Bank Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Financial Lending Companies Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Financial Lending Companies Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 30 LAMEA Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 31 LAMEA Payment Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Payment Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Fund Transfer Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Fund Transfer Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Loan Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Loan Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 40 LAMEA Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 41 LAMEA Compliance & Regulatory Support Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Compliance & Regulatory Support Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA KYC Verification Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA KYC Verification Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Fraud Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Fraud Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 49 LAMEA Fintech-as-a-Service Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Fintech-as-a-Service Market by Country, 2022 - 2028, USD Million
TABLE 51 Brazil Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 52 Brazil Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 53 Brazil Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 54 Brazil Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 55 Brazil Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 56 Brazil Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 57 Brazil Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 58 Brazil Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 59 Brazil Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 60 Brazil Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 61 Argentina Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 62 Argentina Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 63 Argentina Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 64 Argentina Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 65 Argentina Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 66 Argentina Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 67 Argentina Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 68 Argentina Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 69 Argentina Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 70 Argentina Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 71 UAE Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 72 UAE Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 73 UAE Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 74 UAE Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 75 UAE Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 76 UAE Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 77 UAE Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 78 UAE Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 79 UAE Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 80 UAE Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 89 Saudi Arabia Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 90 Saudi Arabia Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 91 South Africa Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 92 South Africa Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 93 South Africa Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 94 South Africa Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 95 South Africa Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 96 South Africa Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 97 South Africa Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 98 South Africa Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 99 South Africa Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 100 South Africa Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 101 Nigeria Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 102 Nigeria Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 103 Nigeria Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 104 Nigeria Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 105 Nigeria Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 106 Nigeria Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 107 Nigeria Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 108 Nigeria Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 109 Nigeria Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 110 Nigeria Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 119 Rest of LAMEA Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 120 Rest of LAMEA Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 121 Key Information – PayPal Holdings, Inc.
TABLE 122 key Information – Mastercard, Inc.
TABLE 123 Key Information – Upstart Network, Inc.
TABLE 124 Key information – Block, Inc.
TABLE 125 Key Information – Envestnet, Inc.
TABLE 126 Key Information – SoFi Technologies, Inc.
TABLE 127 Key Information – Rapyd Financial Network Ltd.
TABLE 128 Key Information – Solid Financial Technologies, Inc.
TABLE 129 Key Information – Synctera Inc.
TABLE 130 Key Information – Railsbank Technology 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 Recent strategies and developments: PayPal Holdings, Inc.
FIG 5 Recent strategies and developments: Mastercard, Inc.
FIG 6 Recent strategies and developments: Upstart Network, Inc.
FIG 7 Recent strategies and developments: Rapyd Financial Network Ltd.