The North America Banking-as-a-Service Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).
Rising demand for rapid digitalization, financial services, and the availability of Application Programming Interfaces are the main drivers of market expansion. The growing acceptance of online banking is another factor contributing to the industry's growth. Online banking is increasingly becoming the preferred method of access for consumers to reach a variety of services, including money transfers, account statements, and online purchases.
As a result, fintech companies are focusing on providing customers with better digital services for increased convenience & consumer satisfaction. Open banking, in which banks make their Application Programming Interfaces (APIs) available to outside developers so they may create new services and give account holders more options for financial transparency, has made banking-as-a-service (BaaS) platforms a crucial component.
The growth in online payment activity will boost the potential of the U.S. digital banking system. Banks can notify customers if they discover any transactional discrepancies with the aid of cutting-edge technologies built into these solutions. The popularity of digital banking services in the nation will increase with the availability of cutting-edge payment methods to expedite and improve customer convenience. Consumers benefit greatly from the convenience of auto-debit payments because they can make their loan payments without having to go to the bank.
The US market dominated the North America 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 $13,217.7 million by 2028.The Canada market is poised to grow at a CAGR of 17.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Banking-as-a-Service Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Banking-as-a-Service Market, by Component
1.4.2 North America Banking-as-a-Service Market, by End User
1.4.3 North America Banking-as-a-Service Market, by Organization size
1.4.4 North America Banking-as-a-Service Market, by Product Type
1.4.5 North America 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. North America Banking-as-a-Service Market by Component
4.1 North America Platform Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Banking-as-a-Service Market by End-use
5.1 North America Banks Market by Country
5.2 North America NBFC Market by Country
5.3 North America Government Market by Country
5.4 North America Other End-use Market by Country
Chapter 6. North America Banking-as-a-Service Market by Organization size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Banking-as-a-Service Market by Product Type
7.1 North America Cloud-Based Market by Country
7.2 North America API-Based Market by Country
Chapter 8. North America Banking-as-a-Service Market by Country
8.1 US Banking-as-a-Service Market
8.1.1 US Banking-as-a-Service Market by Component
8.1.2 US Banking-as-a-Service Market by End-use
8.1.3 US Banking-as-a-Service Market by Organization size
8.1.4 US Banking-as-a-Service Market by Product Type
8.2 Canada Banking-as-a-Service Market
8.2.1 Canada Banking-as-a-Service Market by Component
8.2.2 Canada Banking-as-a-Service Market by End-use
8.2.3 Canada Banking-as-a-Service Market by Organization size
8.2.4 Canada Banking-as-a-Service Market by Product Type
8.3 Mexico Banking-as-a-Service Market
8.3.1 Mexico Banking-as-a-Service Market by Component
8.3.2 Mexico Banking-as-a-Service Market by End-use
8.3.3 Mexico Banking-as-a-Service Market by Organization size
8.3.4 Mexico Banking-as-a-Service Market by Product Type
8.4 Rest of North America Banking-as-a-Service Market
8.4.1 Rest of North America Banking-as-a-Service Market by Component
8.4.2 Rest of North America Banking-as-a-Service Market by End-use
8.4.3 Rest of North America Banking-as-a-Service Market by Organization size
8.4.4 Rest of North America 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 North America Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 8 North America Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 9 North America Platform Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Platform Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 14 North America Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 15 North America Banks Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Banks Market by Country, 2022 - 2028, USD Million
TABLE 17 North America NBFC Market by Country, 2018 - 2021, USD Million
TABLE 18 North America NBFC Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Government Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Government Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Other End-use Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Other End-use Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 24 North America Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 25 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 27 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 28 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 30 North America Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 31 North America Cloud-Based Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Cloud-Based Market by Country, 2022 - 2028, USD Million
TABLE 33 North America API-Based Market by Country, 2018 - 2021, USD Million
TABLE 34 North America API-Based Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Banking-as-a-Service Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Banking-as-a-Service Market by Country, 2022 - 2028, USD Million
TABLE 37 US Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 38 US Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 39 US Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 40 US Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 41 US Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 42 US Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 43 US Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 44 US Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 45 US Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 46 US Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 47 Canada Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 48 Canada Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 49 Canada Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 50 Canada Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 51 Canada Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 52 Canada Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 53 Canada Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 54 Canada Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 55 Canada Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Canada Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Mexico Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 58 Mexico Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 59 Mexico Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 60 Mexico Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 61 Mexico Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 62 Mexico Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 63 Mexico Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 64 Mexico Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 65 Mexico Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 66 Mexico Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 67 Rest of North America Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 70 Rest of North America Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 71 Rest of North America Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 72 Rest of North America Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 73 Rest of North America Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 74 Rest of North America Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 75 Rest of North America Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 76 Rest of North America Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 77 Key Information – Green Dot Corporation
TABLE 78 Key Information – PayPal Holdings, Inc.
TABLE 79 Key information – Block, Inc.
TABLE 80 Key Information – Sopra Steria Group SA
TABLE 81 Key Information – Moven Enterprises
TABLE 82 Key Information – Solaris Group
TABLE 83 Key Information – The Currency Cloud Limited
TABLE 84 Key Information – TREEZOR SAS
TABLE 85 Key Information – Bnkbl Ltd
TABLE 86 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