Summary

The embedded finance market is estimated at USD 112.6 billion in 2024 to USD 237.4 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 16.1%. Embedded finance improves access to financial products by including them in non-financial environments. They also enable organizations to provide secure monetary exchanges as products or services within their ecosystems. Additionally, integrating embedded finance eases user experiences and optimizes value propositions in the ecosystem for providers and the end consumer.
“By type, the embedded payments are expected to have the largest market size during the forecast period. “
Embedded Payments will likely dominate the global embedded finance market owing to its integration of payments into non-financial platforms such as e-commerce sites, mobile applications, and IoT devices to refine the user experience and minimize transaction hurdles. This integration aligns well with the growing theme of digitization across various industries as it enables the swift and safe completion of transactions within digital spaces. Consumers are keen on the ability to run payments that are instant and secure; such benefits are offered by embedded payments, providing the added advantage of being scalable for firms of all sizes. Based on these analyses, it is quite clear that embedded payments will continue to remain the largest segment within the embedded finance market during the foreseen period due to the growing business focus on integration and functionality.
“By type, embedded lending is expected to hold a higher growth rate during the forecast period.” It is projected that embedded lending will have a better growth rate within the market of embedded finance since it can easily fit in with small but common transactions such as purchasing and payment of bills, which makes using the facilities more convenient. This is further complemented by the simplified user interface due to efficient big data processing and AI in credit checking and customization of loans. Moreover, embedding lending increases market access beyond the financial industry clients, targeting the SMEs and society segments not served by banks. This is through partnerships between fintech companies, the present financial organizations, and other sectors to enhance access, backed by adjusting legal structures for stability and boosting funding. All these factors combine to place embedded lending for vast growth compared to other typologies in the forecast period.
“North America is estimated to have the largest market share during the forecast period.”
North America is expected to dominate the embedded finance market globally within the given forecast period because of technological developments such as the widespread usage of the internet and owning smartphones. Moreover, adopting new technology and a supportive regulatory environment in North America empowers the development of embedded finance solutions. Also, North America is one of the largest, most consumer-centric markets with a desire for effortless financial experiences. Therefore, it will remain a catalyst for advancements and growth of embedded finance.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the embedded finance market.

• By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
• By Designation: C-level –38%, D-level – 30%, and Others – 22%
• By Region: North America – 40%, Europe – 15%, Asia Pacific – 35%, and Rest of the World – 10%.
The major players in the embedded finance market are Stripe, Inc. (US), PayPal Holdings, Inc. (US), Amazon.com, Inc. (US), Plaid, Inc. (US), Klarna Bank AB (Sweden), FIS (US), Visa Inc. (US), Cross River Bank (US), Zeta Services Inc. (US), Marqeta, Inc. (US), Wise Payments Limited (UK), Goldman Sachs (UK), JPMorgan Chase & Co. (US), Alipay+ (China), Unit Finance Inc. (US), Solaris SE (Germany), Parafin, Inc. (US), Belvo (Mexico), Kasko Ltd. (UK), Tint Technologies Inc. (US), Mezu, Inc. (US), Fortis Payment Systems (US), Additiv AG (Switzerland), Galileo Financial Technologies, LLC (US), Trevipay (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their embedded finance market footprint.

Research Coverage
The market study covers embedded finance market size across different segments. It aims at estimating the market size and the growth potential across various segments, including Type (embedded payments, embedded lending, embedded insurance, embedded investment/wealth management, other types), Business Model (B2B, B2C), Industry (retail & eCommerce, healthcare, education, telecom, transportation/mobility/logistics, travel & hospitality, other industries), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global embedded finance market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:

1. Analysis of key drivers (digitalization of financial services, consumer demand for convenience, technological advancements), restraints (regulatory complexities, data privacy concerns, high implementation costs), opportunities (financial inclusion, enhanced customer engagement), and challenges (cybersecurity risks, interoperability issues, market competition) influencing the growth of the embedded finance market.

2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the embedded finance market.
3. Market Development: Comprehensive information about lucrative markets – the report analyses the embedded finance market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the embedded finance market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading companies including Stripe, Inc. (US), PayPal Holdings, Inc. (US), Amazon.com, Inc. (US), Plaid, Inc. (US), Klarna Bank AB (Sweden), FIS (US), Visa Inc. (US), Cross River Bank (US), Zeta Services Inc. (US), Marqeta, Inc. (US), Wise Payments Limited (UK), Goldman Sachs (UK), JPMorgan Chase & Co. (US), Alipay+ (China), Unit Finance Inc. (US), Solaris SE (Germany), Parafin, Inc. (US), Belvo (Mexico), Kasko Ltd. (UK), Tint Technologies Inc. (US), Mezu, Inc. (US), Fortis Payment Systems (US), Additiv AG (Switzerland), Galileo Financial Technologies, LLC (US), Trevipay (US).

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Table of Contents

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 MARKET SEGMENTATION 26
1.3.2 REGIONS COVERED 26
1.3.3 INCLUSIONS & EXCLUSIONS 27
1.3.4 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 28
1.5 STAKEHOLDERS 28
1.6 RECESSION IMPACT 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 30
2.1.2.1 Breakup of primary interviews 31
2.1.2.2 Key primary interview participants 31
2.1.2.3 Key insights from industry experts 31
2.2 MARKET BREAKUP AND DATA TRIANGULATION 32
2.3 MARKET SIZE ESTIMATION METHODOLOGY 33
2.3.1 TOP-DOWN APPROACH 33
2.3.1.1 Supply-side analysis 33
2.3.2 BOTTOM-UP APPROACH 34
2.3.3 EMBEDDED FINANCE MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 34
2.4 RESEARCH ASSUMPTIONS 35
2.5 LIMITATIONS 36
2.6 RISK ASSESSMENT 36
2.7 IMPLICATION OF RECESSION ON EMBEDDED FINANCE MARKET 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN EMBEDDED FINANCE MARKET 40
4.2 EMBEDDED FINANCE MARKET: TOP GROWING SEGMENTS 40
4.3 EMBEDDED FINANCE MARKET, BY INDUSTRY 41
4.4 EMBEDDED FINANCE MARKET, BY BUSINESS MODEL 41
 
4.5 EMBEDDED FINANCE MARKET, BY TYPE 42
4.6 NORTH AMERICA: EMBEDDED FINANCE MARKET, BY TYPE AND BUSINESS MODEL 42
5 MARKET OVERVIEW AND INDUSTRY TRENDS 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 43
5.2.1 DRIVERS 44
5.2.1.1 Digitalization of financial services 44
5.2.1.2 Consumer demand for convenience 44
5.2.1.3 Technological advancements 44
5.2.2 RESTRAINTS 44
5.2.2.1 Regulatory complexities 44
5.2.2.2 Data privacy concerns 44
5.2.2.3 High implementation costs 45
5.2.3 OPPORTUNITIES 45
5.2.3.1 Financial inclusion 45
5.2.3.2 Enhanced customer engagement 45
5.2.4 CHALLENGES 45
5.2.4.1 Cybersecurity risks 45
5.2.4.2 Interoperability issues 45
5.2.4.3 Market competition 45
5.3 INDUSTRY TRENDS 46
5.3.1 BRIEF HISTORY OF EMBEDDED FINANCE 46
5.3.2 ECOSYSTEM ANALYSIS 47
5.3.3 CASE STUDY ANALYSIS 49
5.3.3.1 Booksy switched to Stripe for faster payouts and omnichannel payments 49
5.3.3.2 With Plaid, Zip automated essential compliance work, securing shopping experience for millions of customers 49
5.3.3.3 Shopify built Shopify Balance with Stripe to give small businesses easier way to manage money 50
5.3.3.4 Adorama and PayPal’s solutions created picture-perfect portrait of success 50
5.3.4 VALUE CHAIN ANALYSIS 51
5.3.5 REGULATORY LANDSCAPE 52
5.3.5.1 Regulatory Bodies, Government Agencies, and Other Organizations 52
5.3.5.1.1 Financial Stability Board (FSB) 52
5.3.5.1.2 Consumer Financial Protection Bureau (CFPB) 52
5.3.5.2 North America 54
5.3.5.2.1 US 54
5.3.5.2.2 Canada 54
5.3.5.3 Europe 54
 
5.3.5.4 Asia Pacific 54
5.3.5.4.1 Australia 54
5.3.5.4.2 Singapore 54
5.3.5.4.3 Hong Kong 54
5.3.5.5 Middle East & Africa 55
5.3.5.5.1 UAE 55
5.3.5.5.2 South Africa 55
5.3.5.6 Latin America 55
5.3.5.6.1 Brazil 55
5.3.6 PRICING ANALYSIS 55
5.3.6.1 Indicative pricing analysis, by type 55
5.3.6.2 Average pricing analysis, by solution 56
5.3.7 TECHNOLOGY ANALYSIS 57
5.3.7.1 Key Technologies 57
5.3.7.1.1 Application Programming Interfaces (APIs) 57
5.3.7.1.2 Cloud Computing 57
5.3.7.1.3 Artificial Intelligence (AI) and Machine Learning (ML) 57
5.3.7.2 Complementary Technologies 57
5.3.7.2.1 Open Banking 58
5.3.7.2.2 Biometrics 58
5.3.7.2.3 Blockchain 58
5.3.7.3 Adjacent Technologies 58
5.3.7.3.1 Internet of Things (IoT) 58
5.3.7.3.2 Big Data Analytics 58
5.3.7.3.3 Regulatory Technology (RegTech) 59
5.3.8 PATENT ANALYSIS 59
5.3.8.1 List of major patents 60
5.3.9 PORTER’S FIVE FORCES’ ANALYSIS 62
5.3.9.1 Threat of new entrants 63
5.3.9.2 Threat of substitutes 63
5.3.9.3 Bargaining power of suppliers 63
5.3.9.4 Bargaining power of buyers 63
5.3.9.5 Intensity of competitive rivalry 64
5.3.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 64
5.3.11 KEY STAKEHOLDERS AND BUYING CRITERIA 64
5.3.11.1 Key stakeholders in buying process 64
5.3.11.2 Buying criteria 65
5.3.12 KEY CONFERENCES AND EVENTS 66
5.3.13 TECHNOLOGY ROADMAP FOR EMBEDDED FINANCE MARKET 67
5.3.13.1 Short-term roadmap (2023–2025) 67
5.3.13.2 Mid-term roadmap (2026–2028) 67
5.3.13.3 Long-term roadmap (2029–2030) 67
5.3.14 BEST PRACTICES IN EMBEDDED FINANCE MARKET 68
5.3.14.1 Integrate Financial Services Seamlessly 68
5.3.14.2 Prioritize Compliance and Security 68
5.3.14.3 Offer Personalized Financial Services 68
5.3.14.4 Focus on User-centric Design 68
5.3.14.5 Leverage Data Analytics and Insights 68
5.3.15 CURRENT AND EMERGING BUSINESS MODELS 69
5.3.15.1 Subscription-based Model 69
5.3.15.2 Pay-per-use Model 69
5.3.15.3 Freemium Model 69
5.3.15.4 Transaction-based Model 69
5.3.15.5 Advertising-based Model 69
5.3.16 THREE MODELS OF EMBEDDED PAYMENTS 69
5.3.16.1 Referral partnership 69
5.3.16.2 Payment facilitation 70
5.3.16.3 Payment facilitation-as-a-service 70
5.3.17 EMBEDDED FINANCE MARKET: TOOLS, FRAMEWORKS, AND TECHNIQUES 70
5.3.18 INVESTMENT AND FUNDING SCENARIO 70
6 EMBEDDED FINANCE MARKET, BY TYPE 71
6.1 INTRODUCTION 72
6.1.1 TYPE: EMBEDDED FINANCE MARKET DRIVERS 73
6.2 EMBEDDED PAYMENTS 74
6.2.1 STREAMLINED INTEGRATION OF PAYMENT PROCESSING INTO NON-FINANCIAL PLATFORMS TO ENHANCE USER EXPERIENCE AND BOOST TRANSACTION EFFICIENCY 74
6.3 EMBEDDED LENDING 75
6.3.1 SIMPLIFIES FINANCING OPTIONS AND BOOSTS CONSUMER SPENDING AND LOYALTY BY INTEGRATING CREDIT AND LOAN SERVICES DIRECTLY WITHIN PLATFORMS 75
6.4 EMBEDDED INSURANCE 76
6.4.1 IMPROVES CUSTOMER SATISFACTION AND TRANSACTION VALUE BY OFFERING PERSONALIZED COVERAGE SOLUTIONS SEAMLESSLY INTEGRATED INTO TRANSACTIONS 76
6.5 EMBEDDED INVESTMENT/WEALTH MANAGEMENT 77
6.5.1 INTEGRATION OF FINANCIAL ADVISORY AND INVESTMENT SERVICES WITHIN DIGITAL PLATFORMS TO PROVIDE COMPREHENSIVE FINANCIAL SOLUTIONS, ENHANCING USER ENGAGEMENT AND SATISFACTION 77
6.6 OTHER TYPES 78
 
7 EMBEDDED FINANCE MARKET, BY BUSINESS MODEL 79
7.1 INTRODUCTION 80
7.1.1 BUSINESS MODEL: EMBEDDED FINANCE MARKET DRIVERS 80
7.2 B2B 81
7.2.1 ENHANCES EFFICIENCY AND SCALABILITY IN BUSINESS OPERATIONS, DRIVING INNOVATION IN TRANSACTION MANAGEMENT AND FINANCIAL INSIGHTS. 81
7.3 B2C 82
7.3.1 IMPROVES CONVENIENCE AND LOYALTY IN CONSUMER-FACING PLATFORMS, ENHANCING SHOPPING EXPERIENCES WITH SEAMLESS PAYMENT SOLUTIONS. 82
8 EMBEDDED FINANCE MARKET, BY INDUSTRY 84
8.1 INTRODUCTION 85
8.1.1 INDUSTRY: EMBEDDED FINANCE MARKET DRIVERS 86
8.2 RETAIL & E-COMMERCE 87
8.2.1 ENHANCING SALES AND CHECKOUT EXPERIENCES WITH SEAMLESS PAYMENTS AND CREDIT SERVICES 87
8.2.2 USE CASES 88
8.2.2.1 E-commerce platforms enabling embedded lending solutions for MSMEs 88
8.3 HEALTHCARE 88
8.3.1 SIMPLIFYING MEDICAL BILLING AND IMPROVING AFFORDABILITY THROUGH INSTALLMENT PLANS AND SPECIALIZED FINANCING SOLUTIONS 88
8.3.2 USE CASES 89
8.3.2.1 Optional add-on travel insurance offered by Indian Railways while booking tickets online 89
8.4 EDUCATION 89
8.4.1 STREAMLINING GLOBAL TUITION PAYMENTS AND STUDENT LOANS, IMPROVING FINANCIAL MANAGEMENT FOR INSTITUTIONS AND STUDENTS. 89
8.4.2 USE CASES 90
8.4.2.1 Personalized education finance solutions by EdTech companies 90
8.5 TELECOM 90
8.5.1 EXPANDING MOBILE BANKING AND DIGITAL PAYMENTS, FOSTERING FINANCIAL INCLUSION THROUGH PARTNERSHIPS WITH TELECOM OPERATORS 90
8.6 TRANSPORTATION, MOBILITY, AND LOGISTICS 91
8.6.1 OPTIMIZING PAYMENTS FOR RIDESHARING AND LOGISTICS,
ENHANCING OPERATIONAL EFFICIENCY 91
8.6.2 USE CASES 92
8.6.2.1 Seamless payments and micro-insurance integration in ride-hailing apps 92
8.7 TRAVEL & HOSPITALITY 92
8.7.1 OFFERING SEAMLESS PAYMENT OPTIONS AND ENHANCING BOOKING EXPERIENCES 92
 
8.8 OTHER INDUSTRIES 93
8.8.1 USE CASES 94
8.8.1.1 Integrated payments and home loan services on real estate aggregator platforms 94
8.8.1.2 AgriTech platforms offering integrated finance for farmers 94
9 EMBEDDED FINANCE MARKET, BY REGION 95
9.1 INTRODUCTION 96
9.2 NORTH AMERICA 97
9.2.1 NORTH AMERICA: EMBEDDED FINANCE MARKET DRIVERS 97
9.2.2 NORTH AMERICA: RECESSION IMPACT 97
9.2.3 US 101
9.2.3.1 Embedded finance platforms to fundamentally reshape traditional banking services in US by embedding financial capabilities into everyday consumer experiences 101
9.2.4 CANADA 103
9.2.4.1 Uptake of embedded finance solutions in Canada to reflect growing preference among tech-savvy consumers for integrated financial experiences that simplify transactions and enhance financial management 103
9.3 EUROPE 103
9.3.1 EUROPE: EMBEDDED FINANCE MARKET DRIVERS 104
9.3.2 EUROPE: RECESSION IMPACT 104
9.3.3 UK 107
9.3.3.1 Consumers to favor convenience and accessibility offered by mobile banking apps that provide traditional banking services as well as incorporate advanced features 107
9.3.4 GERMANY 109
9.3.4.1 Fintech startups partnering with traditional financial institutions to integrate banking services into retail and digital platforms, catering to evolving consumer preferences for convenience and efficiency 109
9.3.5 FRANCE 109
9.3.5.1 French regulators to play pivotal role in creating favorable environment for fintech innovations 109
9.3.6 ITALY 110
9.3.6.1 Key stakeholders in Italy's embedded finance ecosystem encompass adapting to digital transformation alongside agile fintech enterprises leveraging technology to innovate financial solutions 110
9.3.7 SPAIN 112
9.3.7.1 Spain witnessing surge in adoption of embedded finance solutions, underscoring broader trend toward integrating financial services into non-financial digital platforms 112
9.3.8 REST OF EUROPE 112
 
9.4 ASIA PACIFIC 113
9.4.1 ASIA PACIFIC: EMBEDDED FINANCE MARKET DRIVERS 113
9.4.2 ASIA PACIFIC: RECESSION IMPACT 113
9.4.3 CHINA 117
9.4.3.1 Consumers increasingly rely on digital platforms for everything,
from everyday purchases to sophisticated financial planning 117
9.4.4 JAPAN 119
9.4.4.1 Plaid, Stripe, and Wallester to be pivotal in shaping future of financial services in Japan 119
9.4.5 INDIA 119
9.4.5.1 Digital payments through embedded finance solutions in India witnessed remarkable surge of 183% year-on-year in transaction volumes 119
9.4.6 AUSTRALIA & NEW ZEALAND 121
9.4.6.1 Adoption of embedded finance solutions in Australia witnessed notable uptick, with 30% increase in digital wallet transactions compared to previous year 121
9.4.7 REST OF ASIA PACIFIC 122
9.5 MIDDLE EAST & AFRICA 122
9.5.1 MIDDLE EAST & AFRICA: EMBEDDED FINANCE MARKET DRIVERS 122
9.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 122
9.5.3 GCC COUNTRIES 125
9.5.3.1 GCC's strategic location and role as global business hub to amplify potential of embedded finance to drive economic diversification and enhance financial inclusion 125
9.5.3.2 UAE 128
9.5.3.2.1 Partnerships between e-commerce platforms and financial institutions to enable seamless payment experiences and enhanced customer satisfaction 128
9.5.3.3 KSA 128
9.5.3.3.1 Surge in partnerships between fintech companies and traditional businesses in KSA to drive market growth 128
9.5.3.4 Rest of GCC Countries 131
9.5.4 SOUTH AFRICA 131
9.5.4.1 Mobile-centric economy where significant portion of population accesses financial services through smartphones to drive market growth in South Africa 131
9.5.5 REST OF MIDDLE EAST & AFRICA 131
9.6 LATIN AMERICA 132
9.6.1 LATIN AMERICA: EMBEDDED FINANCE MARKET DRIVERS 132
9.6.2 LATIN AMERICA: RECESSION IMPACT 132
9.6.3 BRAZIL 135
9.6.3.1 Brazil's robust digital infrastructure, including high smartphone penetration and increasing internet connectivity, to drive market growth 135
 
9.6.4 MEXICO 137
9.6.4.1 Mexico's supportive regulatory environment and growing fintech ecosystem, facilitating collaborations, to drive innovation and broaden scope of financial solutions available to consumers 137
9.6.5 REST OF LATIN AMERICA 137
10 COMPETITIVE LANDSCAPE 138
10.1 INTRODUCTION 138
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 138
10.3 REVENUE ANALYSIS 140
10.4 MARKET SHARE ANALYSIS 141
10.4.1 MARKET RANKING ANALYSIS 142
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 142
10.5.1 STARS 142
10.5.2 EMERGING LEADERS 142
10.5.3 PERVASIVE PLAYERS 142
10.5.4 PARTICIPANTS 142
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 144
10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 149
10.6.1 PROGRESSIVE COMPANIES 149
10.6.2 RESPONSIVE COMPANIES 149
10.6.3 DYNAMIC COMPANIES 149
10.6.4 STARTING BLOCKS 149
10.6.5 COMPETITIVE BENCHMARKING 151
10.7 COMPETITIVE SCENARIO AND TRENDS 153
10.7.1 PRODUCT LAUNCHES 153
10.7.2 DEALS 154
10.8 BRAND/PRODUCT COMPARISON ANALYSIS 155
10.9 COMPANY VALUATION AND FINANCIAL METRICS OF KEY EMBEDDED FINANCE PROVIDERS 156
11 COMPANY PROFILES 157
11.1 KEY PLAYERS 157
11.1.1 STRIPE, INC. 157
11.1.1.1 Business overview 157
11.1.1.2 Products/Solutions/Services offered 157
11.1.1.3 Recent developments 159
11.1.1.4 MnM view 160
11.1.1.4.1 Right to win 160
11.1.1.4.2 Strategic choices 160
11.1.1.4.3 Weaknesses and competitive threats 160
 
11.1.2 PAYPAL HOLDINGS, INC. 161
11.1.2.1 Business overview 161
11.1.2.2 Products/Solutions/Services offered 163
11.1.2.3 Recent developments 164
11.1.2.4 MnM view 165
11.1.2.4.1 Right to win 165
11.1.2.4.2 Strategic choices 165
11.1.2.4.3 Weaknesses and competitive threats 165
11.1.3 AMAZON.COM, INC. 166
11.1.3.1 Business overview 166
11.1.3.2 Products/Solutions/Services offered 168
11.1.3.3 Recent developments 169
11.1.3.4 MnM view 170
11.1.3.4.1 Right to win 170
11.1.3.4.2 Strategic choices 170
11.1.3.4.3 Weaknesses and competitive threats 170
11.1.4 FIS 171
11.1.4.1 Business overview 171
11.1.4.2 Products/Solutions/Services offered 172
11.1.4.3 Recent developments 174
11.1.4.4 MnM view 175
11.1.4.4.1 Right to win 175
11.1.4.4.2 Strategic choices 175
11.1.4.4.3 Weaknesses and competitive threats 175
11.1.5 VISA INC. 176
11.1.5.1 Business overview 176
11.1.5.2 Products/Solutions/Services offered 178
11.1.5.3 Recent developments 179
11.1.5.4 MnM view 180
11.1.5.4.1 Right to win 180
11.1.5.4.2 Strategic choices 180
11.1.5.4.3 Weaknesses and competitive threats 180
11.1.6 PLAID, INC. 181
11.1.6.1 Business overview 181
11.1.6.2 Products/Solutions/Services offered 181
11.1.6.3 Recent developments 182
11.1.7 KLARNA BANK AB 184
11.1.7.1 Business overview 184
11.1.7.2 Products/Solutions/Services offered 184
11.1.7.3 Recent developments 185
 
11.1.8 CROSS RIVER BANK 187
11.1.8.1 Business overview 187
11.1.8.2 Products/Solutions/Services offered 187
11.1.8.3 Recent developments 188
11.1.9 ZETA SERVICES INC. 190
11.1.9.1 Business overview 190
11.1.9.2 Products/Solutions/Services offered 190
11.1.9.3 Recent developments 191
11.1.10 MARQETA, INC. 192
11.1.10.1 Business overview 192
11.1.10.2 Products/Solutions/Services offered 193
11.1.10.3 Recent developments 194
11.1.11 WISE PAYMENTS LIMITED 196
11.1.12 GOLDMAN SACHS 197
11.1.13 JPMORGAN CHASE & CO. 198
11.1.14 ALIPAY+ 199
11.2 STARTUPS/SMES 200
11.2.1 UNIT FINANCE INC. 200
11.2.2 SOLARIS SE 201
11.2.3 PARAFIN, INC. 202
11.2.4 BELVO 203
11.2.5 KASKO LTD. 204
11.2.6 TINT TECHNOLOGIES INC. 205
11.2.7 MEZU, INC. 206
11.2.8 FORTIS PAYMENT SYSTEMS 207
11.2.9 ADDITIV AG 208
11.2.10 GALILEO FINANCIAL TECHNOLOGIES, LLC 209
11.2.11 TREVIPAY 210
12 ADJACENT/RELATED MARKETS 211
12.1 INTRODUCTION 211
12.1.1 LIMITATIONS 211
12.2 DIGITAL PAYMENT MARKET 211
12.2.1 MARKET DEFINITION 211
12.2.2 MARKET OVERVIEW 211
12.3 SOLUTIONS 212
12.3.1 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE 213
12.3.2 DIGITAL PAYMENT MARKET, BY PAYMENT MODE 214
12.3.3 DIGITAL PAYMENT MARKET, BY VERTICAL 215
12.3.4 DIGITAL PAYMENT MARKET, BY REGION 216
 
12.4 PAYMENT PROCESSING SOLUTIONS MARKET 216
12.4.1 MARKET DEFINITION 216
12.4.2 MARKET OVERVIEW 217
12.4.3 PAYMENT PROCESSING SOLUTIONS, BY PAYMENT METHOD 217
12.4.4 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL 218
12.4.5 PAYMENT PROCESSING SOLUTIONS MANAGEMENT MARKET, BY REGION 219
13 APPENDIX 220
13.1 DISCUSSION GUIDE 220
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 223
13.3 CUSTOMIZATION OPTIONS 225
13.4 RELATED REPORTS 225
13.5 AUTHOR DETAILS 226