Banking-as-a-service (baas) Market in Latin America 2024-2028
Banking-As-A-Service (BaaS) Market In Latin America 2024-2028
The banking-as-a-service (BaaS) market in Latin America is forecasted to grow by USD 4178.8 mn during 2023-2028, accelerating at a CAGR of 19.5% during the forecast period. The report on the banking-as-a-service (BaaS) market in Latin America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of BaaS solutions by end-users, increasing number of fintech companies in Latin America, and growing focus on cost efficiency among businesses.
Technavio's banking-as-a-service (BaaS) market in Latin America is segmented as below:
By Component
By Type
By End-user
- Large enterprise
- Small and medium enterprise
By Geographical Landscape
This study identifies the increasing marketing initiatives as one of the prime reasons driving the banking-as-a-service (BaaS) market in Latin America growth during the next few years. Also, growing digital transformation and increasing focus on financial inclusion will lead to sizable demand in the market.
The report on the banking-as-a-service (BaaS) market in Latin America covers the following areas:
- Banking-as-a-service (BaaS) market in Latin America sizing
- Banking-as-a-service (BaaS) market in Latin America forecast
- Banking-as-a-service (BaaS) market in Latin America industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading banking-as-a-service (BaaS) market in Latin America vendors that include Alau Technology SAU, Banco Inter S.A., BICECORP SA, Credijusto, Creditas, Cuenca Tecnologia Financiera SA de CV, DOCK, EBANX, GIRE SA, Inteligencia en Finanzas S.A.P.I. de C.V., Klar SA de CV, Maximo Pay SAC, MEXARREND S.A.P.I. DE C.V., Neon Pagamentos S.A., Nu Holdings Ltd., Rappi Inc., Revolut Ltd., Servicios Broxel SAPI de CV, and UNIVERSO ONLINE SA. Also, the banking-as-a-service (BaaS) market in Latin America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.