The Latin America, Middle East and Africa Banking-as-a-Service Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
In addition to seizing the open banking opportunity before their rivals, tech-savvy legacy banks that develop their own BaaS platforms now will also open up a new source of income by monetizing their platforms. The operating costs of digital challenger banks are currently much lower than those of incumbents. In order to offer their BaaS platforms to distributors who want to offer financial products to their customers, some technology companies obtained banking licenses.
Thus, a non-financial company can offer financial products under its own brand so that customers believe they are purchasing from that company, even though the financial product is actually being offered by a financial institution. A financial institution can set up a platform for this purpose based on the most recent affordable, scalable, cloud-native technology, which will lower its cost to serve customers.
The UAE has been following worldwide trends in BFSI digitalization closely and quickly. In terms of FinTech, the Middle East region and the United Arab Emirates, in particular, are growing and thriving markets whenever it comes to emerging banking trends as well as technologies. In terms of unrealized potential, the Middle East region is in a good position to develop into the next large region for digital banking innovation. Middle Eastern nations are now recognizing the urgent need for digital services that cater to their needs.
The Brazil market dominated the LAMEA 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 $900 million by 2028.The Argentina market is experiencing a CAGR of 18.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 17.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Banking-as-a-Service Market is Predict 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Banking-as-a-Service Market, by Component
1.4.2 LAMEA Banking-as-a-Service Market, by End User
1.4.3 LAMEA Banking-as-a-Service Market, by Organization size
1.4.4 LAMEA Banking-as-a-Service Market, by Product Type
1.4.5 LAMEA 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. LAMEA Banking-as-a-Service Market by Component
4.1 LAMEA Platform Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Banking-as-a-Service Market by End-use
5.1 LAMEA Banks Market by Country
5.2 LAMEA NBFC Market by Country
5.3 LAMEA Government Market by Country
5.4 LAMEA Other End-use Market by Country
Chapter 6. LAMEA Banking-as-a-Service Market by Organization size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA SMEs Market by Country
Chapter 7. LAMEA Banking-as-a-Service Market by Product Type
7.1 LAMEA Cloud-Based Market by Country
7.2 LAMEA API-Based Market by Country
Chapter 8. LAMEA Banking-as-a-Service Market by Country
8.1 Brazil Banking-as-a-Service Market
8.1.1 Brazil Banking-as-a-Service Market by Component
8.1.2 Brazil Banking-as-a-Service Market by End-use
8.1.3 Brazil Banking-as-a-Service Market by Organization size
8.1.4 Brazil Banking-as-a-Service Market by Product Type
8.2 Argentina Banking-as-a-Service Market
8.2.1 Argentina Banking-as-a-Service Market by Component
8.2.2 Argentina Banking-as-a-Service Market by End-use
8.2.3 Argentina Banking-as-a-Service Market by Organization size
8.2.4 Argentina Banking-as-a-Service Market by Product Type
8.3 UAE Banking-as-a-Service Market
8.3.1 UAE Banking-as-a-Service Market by Component
8.3.2 UAE Banking-as-a-Service Market by End-use
8.3.3 UAE Banking-as-a-Service Market by Organization size
8.3.4 UAE Banking-as-a-Service Market by Product Type
8.4 Saudi Arabia Banking-as-a-Service Market
8.4.1 Saudi Arabia Banking-as-a-Service Market by Component
8.4.2 Saudi Arabia Banking-as-a-Service Market by End-use
8.4.3 Saudi Arabia Banking-as-a-Service Market by Organization size
8.4.4 Saudi Arabia Banking-as-a-Service Market by Product Type
8.5 South Africa Banking-as-a-Service Market
8.5.1 South Africa Banking-as-a-Service Market by Component
8.5.2 South Africa Banking-as-a-Service Market by End-use
8.5.3 South Africa Banking-as-a-Service Market by Organization size
8.5.4 South Africa Banking-as-a-Service Market by Product Type
8.6 Nigeria Banking-as-a-Service Market
8.6.1 Nigeria Banking-as-a-Service Market by Component
8.6.2 Nigeria Banking-as-a-Service Market by End-use
8.6.3 Nigeria Banking-as-a-Service Market by Organization size
8.6.4 Nigeria Banking-as-a-Service Market by Product Type
8.7 Rest of LAMEA Banking-as-a-Service Market
8.7.1 Rest of LAMEA Banking-as-a-Service Market by Component
8.7.2 Rest of LAMEA Banking-as-a-Service Market by End-use
8.7.3 Rest of LAMEA Banking-as-a-Service Market by Organization size
8.7.4 Rest of LAMEA 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 LAMEA Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 8 LAMEA Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 9 LAMEA Platform Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Platform Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 14 LAMEA Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 15 LAMEA Banks Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Banks Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA NBFC Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA NBFC Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Other End-use Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Other End-use Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 24 LAMEA Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 25 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 30 LAMEA Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 31 LAMEA Cloud-Based Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Cloud-Based Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA API-Based Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA API-Based Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Banking-as-a-Service Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Banking-as-a-Service Market by Country, 2022 - 2028, USD Million
TABLE 37 Brazil Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 38 Brazil Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 39 Brazil Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 40 Brazil Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 41 Brazil Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 42 Brazil Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 43 Brazil Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 44 Brazil Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 45 Brazil Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 46 Brazil Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 47 Argentina Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 48 Argentina Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 49 Argentina Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 50 Argentina Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 51 Argentina Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 52 Argentina Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 53 Argentina Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 54 Argentina Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 55 Argentina Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Argentina Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 57 UAE Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 58 UAE Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 59 UAE Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 60 UAE Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 61 UAE Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 62 UAE Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 63 UAE Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 64 UAE Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 65 UAE Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 66 UAE Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 77 South Africa Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 78 South Africa Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 79 South Africa Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 80 South Africa Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 81 South Africa Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 82 South Africa Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 83 South Africa Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 84 South Africa Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 85 South Africa Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 86 South Africa Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 87 Nigeria Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 88 Nigeria Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 89 Nigeria Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 90 Nigeria Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 91 Nigeria Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 92 Nigeria Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 93 Nigeria Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 94 Nigeria Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 95 Nigeria Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 96 Nigeria Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA 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