Latest News
Partners& Sees 99% Retention and 1 in 3 New Business Wins in Game-Changing Partnership with YuLife
LONDON, July 1, 2024 /PRNewswire/ — Partners&, a leading independent insurance broker, is proud to announce the remarkable success of its partnership with YuLife, the tech-driven insurance company on a mission to inspire life. The collaboration, which began in 2021, has driven significant growth and unprecedented retention rates, transforming the insurance landscape for both companies and their customers.
YuLife’s innovative approach to insurance goes beyond traditional policies by offering group life, health, and income protection policies that actively enhance members’ physical, mental, financial, and social wellbeing. Through its unique model, YuLife incentivises people to build healthier habits, focusing on risk prevention rather than merely compensating claims.
Through the partnership, Partners& has achieved a 99% retention rate and has successfully won 39% of business from clients who previously had no insurance coverage. These impressive metrics highlight the true value of a win-win partnership – the transformative impact of YuLife’s innovative approach to insurance and Partners&’s commitment to delivering exceptional value.
“We are delighted with the outstanding results of our partnership with YuLife,” said Phil Barton, CEO of Partners&. “Our collaboration has not only fueled our business growth but has also brought transformative insurance solutions to our clients, promoting their holistic wellbeing. YuLife’s unique focus on inspiring healthier lifestyles aligns perfectly with our mission to provide comprehensive, client-centric insurance services.”
Key highlights of the partnership include:
Closing the protection gap: 39% of Partners& x YuLife customers are new to purchasing insurance.
Improving retention: Achieving over 99% retention rate, compared to an industry average of 80-85%.
Insurance that is loved: The Net Promoter Score (NPS) of Partners& x YuLife is 96, over 3x the industry average.
High employee engagement: 73% of insured employees use the YuLife app regularly, over 10 times the average usage of standard consumer health apps.
“We are thrilled to see the tangible benefits of our partnership with Partners&,” said Sammy Rubin, CEO and Founder of YuLife. “Together, we are reshaping the insurance industry, providing clients with products that not only protect them but also enhance their overall wellbeing. Our shared commitment to innovation and employee engagement has been key to our success.”
About Partners&
Partners& is an award winning, Chartered insurance broker providing high quality, seamless insurance, employee benefits, risk management and claims advice to businesses and private clients. As a next generation insurance advisory business, Partners& combines the best traditions of broking, such as technical advice and client service, with modern thinking and intelligent use of technology, to enhance the client experience and create a dynamic workplace for its talented team. https://www.partnersand.com
Media Contact
Malia Brown
Marketing and communications director
[email protected]
+44 7919 551962
About YuLife
YuLife is a tech-driven financial services brand on a mission to inspire life and turn financial products into a force for good. By harnessing the power of technology and the latest behavioural science, YuLife’s insurance model focuses on employee wellbeing and risk prevention, incentivising healthy daily behaviour to drive positive lifestyle outcomes. YuLife has quickly become a highly valued employee benefit, providing the safety net of insurance alongside a highly engaging wellbeing experience that fosters a healthier, happier and more motivated team. Founded in 2016, YuLife is headquartered in London and backed by global insurers and venture capital. https://www.YuLife.com/
Media Contact
Ben Crome
Headline Media
[email protected]
+44 7481 249328
View original content:https://www.prnewswire.co.uk/news-releases/partners-sees-99-retention-and-1-in-3-new-business-wins-in-game-changing-partnership-with-yulife-302186844.html
Latest News
Embedded Finance Market worth $251.5 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 5, 2024 /PRNewswire/ — The Embedded Finance Market is expected to reach USD 251.5 billion by 2029 from USD 115.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Embedded Finance Market“
250 – Tables
50 – Figures
255 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126584658
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2020-2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD) Billion |
|
Segments Covered |
by 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 and logistics, travel & hospitality, other industries) |
|
Region covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. |
|
Companies covered |
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). |
The embedded finance market is experiencing a massive disruption because of the development of technologies such as API, AI, blockchain, etc. This capability allows companies to incorporate financial services into their platforms, delivering consistent and unique solutions. Furthermore, demand for new complex, value-added, readily available services that can be offered in real-time has pressured firms in almost all industries to embrace embedded finance. This shift helps non-financial firms to provide banking, lending, insurance, and payment services, which fortifies customer relations and generates more revenues. This market is divided into segments based on different aspects, such as the type, business model, and industry. Type includes solutions such as embedded payments, embedded lending, embedded insurance, embedded investment/wealth management, and others such as issuance and deposits. The business model includes both B2B and B2C. The industry segment focuses on retail & eCommerce, healthcare, education, telecom, transportation, mobility and logistics, travel & hospitality, and other industries, namely real estate, energy, media & entertainment, and agriculture. These segments collectively offer a comprehensive overview of the evolving embedded finance landscape and its potential business implications.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=126584658
Based on industry, retail & eCommerce sector to hold the largest market size during the forecast period.
The research identified several drivers that would make the retail and e-commerce sector the most significant market for embedded finance throughout the forecast period, including the steady growth in online purchasing coupled with the rising number of digital consumers requires effective financial services integrated into the e-commerce platforms; BNPL products increase consumers’ purchasing capacity, leading to increased spending. Personalization capabilities enable retailers to offer customized financial products to their customers, enhancing satisfaction and loyalty. Secure payment gateways and other algorithms in fintech underline smooth transaction processes, leading to higher consumer confidence. An omnichannel approach that integrates both online and offline experiences has financial services that help improve the shopping experience. Growing cooperation between fintech and retailers helps to achieve significant integration and compliance with the requirements to introduce new services. At the same time, the growth of mobile commerce enhances the demand for integrated mobile payments. Collectively, these factors explain the large market size of the retail and e-commerce segment in the embedded finance market during the forecast period.
Based on the business model, the B2C model is expected to hold a higher growth rate during the forecast period.
The B2C model for embedded finance is expected to experience tremendous growth primarily because of the rising customer expectations for integrated and omnichannel financial solutions. The development of digital channels and e-commerce fuels the need for broader implementation. Innovation experiences in fintech, APIs, and AI, for instance, have helped ease integration, lowering entry barriers. Moreover, the strategic B2C model increases customer loyalty and customer retention since it provides them with individualized financial services, thus building lasting partnerships. It also widens the market since consumers who used to be locked out from accessing financial facilities due to various factors can access business ventures. Favorable economic and demographic indicators, such as improved disposable income, especially in emerging markets, as well as enhanced access to the Internet, have also boosted the demand for integrated financial services. These factors have made it evident that the B2C embedded finance model will likely realize faster growth during the forecast period under consideration.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=126584658
Asia Pacific is expected to hold a higher growth rate during the forecast period.
The Asia Pacific region will have the highest growth rate in the Embedded Finance Market for the next forecast period because of several factors. The constantly expanding digitally linked economy due to the rise in Internet connection and smartphone use makes it easier to incorporate financial services into consumer apps. The growth of e-commerce and a continuously increasing volume of online purchases, the development of the middle class and a gradual increase in the available amount of money encourage the desire to have non-cash payment solutions such as digital wallets and BNPL. State programs aimed at developing digital financial services make a helping condition, and significant investments in fintech start-ups and technological development fuel the market’s growth. A large population of the countries in this region presents a substantial demand for financial services. The tech firms collaborate with different institutions and businesses to ensure that financial services are integrated into a universal platform. All these factors combined make it possible to affirm that the Asia Pacific region will maintain a favorable, capturing growth rate in the forecast period.
Top Companies in Embedded Finance Market:
The major vendors covered 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 footprint in the Embedded Finance Market.
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Related Reports:
3D Digital Asset Market– Global Forecast to 2029
Software Asset Management Market – Global Forecast to 2029
Loyalty Management Market – Global Forecast to 2029
Payment Gateway Market – Global Forecast to 2029
Digital Circular Economy Market – Global Forecast to 2028
Get access to the latest updates on Embedded Finance Companies and Embedded Finance Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/embedded-finance-market-worth-251-5-billion-by-2029—exclusive-report-by-marketsandmarkets-302189871.html
Latest News
Embedded Finance Market worth $251.5 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 5, 2024 /PRNewswire/ — The Embedded Finance Market is expected to reach USD 251.5 billion by 2029 from USD 115.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Embedded Finance Market“
250 – Tables
50 – Figures
255 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126584658
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2020-2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD) Billion |
|
Segments Covered |
by 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 and logistics, travel & hospitality, other industries) |
|
Region covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. |
|
Companies covered |
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). |
The embedded finance market is experiencing a massive disruption because of the development of technologies such as API, AI, blockchain, etc. This capability allows companies to incorporate financial services into their platforms, delivering consistent and unique solutions. Furthermore, demand for new complex, value-added, readily available services that can be offered in real-time has pressured firms in almost all industries to embrace embedded finance. This shift helps non-financial firms to provide banking, lending, insurance, and payment services, which fortifies customer relations and generates more revenues. This market is divided into segments based on different aspects, such as the type, business model, and industry. Type includes solutions such as embedded payments, embedded lending, embedded insurance, embedded investment/wealth management, and others such as issuance and deposits. The business model includes both B2B and B2C. The industry segment focuses on retail & eCommerce, healthcare, education, telecom, transportation, mobility and logistics, travel & hospitality, and other industries, namely real estate, energy, media & entertainment, and agriculture. These segments collectively offer a comprehensive overview of the evolving embedded finance landscape and its potential business implications.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=126584658
Based on industry, retail & eCommerce sector to hold the largest market size during the forecast period.
The research identified several drivers that would make the retail and e-commerce sector the most significant market for embedded finance throughout the forecast period, including the steady growth in online purchasing coupled with the rising number of digital consumers requires effective financial services integrated into the e-commerce platforms; BNPL products increase consumers’ purchasing capacity, leading to increased spending. Personalization capabilities enable retailers to offer customized financial products to their customers, enhancing satisfaction and loyalty. Secure payment gateways and other algorithms in fintech underline smooth transaction processes, leading to higher consumer confidence. An omnichannel approach that integrates both online and offline experiences has financial services that help improve the shopping experience. Growing cooperation between fintech and retailers helps to achieve significant integration and compliance with the requirements to introduce new services. At the same time, the growth of mobile commerce enhances the demand for integrated mobile payments. Collectively, these factors explain the large market size of the retail and e-commerce segment in the embedded finance market during the forecast period.
Based on the business model, the B2C model is expected to hold a higher growth rate during the forecast period.
The B2C model for embedded finance is expected to experience tremendous growth primarily because of the rising customer expectations for integrated and omnichannel financial solutions. The development of digital channels and e-commerce fuels the need for broader implementation. Innovation experiences in fintech, APIs, and AI, for instance, have helped ease integration, lowering entry barriers. Moreover, the strategic B2C model increases customer loyalty and customer retention since it provides them with individualized financial services, thus building lasting partnerships. It also widens the market since consumers who used to be locked out from accessing financial facilities due to various factors can access business ventures. Favorable economic and demographic indicators, such as improved disposable income, especially in emerging markets, as well as enhanced access to the Internet, have also boosted the demand for integrated financial services. These factors have made it evident that the B2C embedded finance model will likely realize faster growth during the forecast period under consideration.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=126584658
Asia Pacific is expected to hold a higher growth rate during the forecast period.
The Asia Pacific region will have the highest growth rate in the Embedded Finance Market for the next forecast period because of several factors. The constantly expanding digitally linked economy due to the rise in Internet connection and smartphone use makes it easier to incorporate financial services into consumer apps. The growth of e-commerce and a continuously increasing volume of online purchases, the development of the middle class and a gradual increase in the available amount of money encourage the desire to have non-cash payment solutions such as digital wallets and BNPL. State programs aimed at developing digital financial services make a helping condition, and significant investments in fintech start-ups and technological development fuel the market’s growth. A large population of the countries in this region presents a substantial demand for financial services. The tech firms collaborate with different institutions and businesses to ensure that financial services are integrated into a universal platform. All these factors combined make it possible to affirm that the Asia Pacific region will maintain a favorable, capturing growth rate in the forecast period.
Top Companies in Embedded Finance Market:
The major vendors covered 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 footprint in the Embedded Finance Market.
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Related Reports:
3D Digital Asset Market– Global Forecast to 2029
Software Asset Management Market – Global Forecast to 2029
Loyalty Management Market – Global Forecast to 2029
Payment Gateway Market – Global Forecast to 2029
Digital Circular Economy Market – Global Forecast to 2028
Get access to the latest updates on Embedded Finance Companies and Embedded Finance Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/embedded-finance-market-worth-251-5-billion-by-2029—exclusive-report-by-marketsandmarkets-302189871.html
Latest News
Embedded Finance Market worth $251.5 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 5, 2024 /PRNewswire/ — The Embedded Finance Market is expected to reach USD 251.5 billion by 2029 from USD 115.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Embedded Finance Market“
250 – Tables
50 – Figures
255 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126584658
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2020-2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD) Billion |
|
Segments Covered |
by 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 and logistics, travel & hospitality, other industries) |
|
Region covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. |
|
Companies covered |
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). |
The embedded finance market is experiencing a massive disruption because of the development of technologies such as API, AI, blockchain, etc. This capability allows companies to incorporate financial services into their platforms, delivering consistent and unique solutions. Furthermore, demand for new complex, value-added, readily available services that can be offered in real-time has pressured firms in almost all industries to embrace embedded finance. This shift helps non-financial firms to provide banking, lending, insurance, and payment services, which fortifies customer relations and generates more revenues. This market is divided into segments based on different aspects, such as the type, business model, and industry. Type includes solutions such as embedded payments, embedded lending, embedded insurance, embedded investment/wealth management, and others such as issuance and deposits. The business model includes both B2B and B2C. The industry segment focuses on retail & eCommerce, healthcare, education, telecom, transportation, mobility and logistics, travel & hospitality, and other industries, namely real estate, energy, media & entertainment, and agriculture. These segments collectively offer a comprehensive overview of the evolving embedded finance landscape and its potential business implications.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=126584658
Based on industry, retail & eCommerce sector to hold the largest market size during the forecast period.
The research identified several drivers that would make the retail and e-commerce sector the most significant market for embedded finance throughout the forecast period, including the steady growth in online purchasing coupled with the rising number of digital consumers requires effective financial services integrated into the e-commerce platforms; BNPL products increase consumers’ purchasing capacity, leading to increased spending. Personalization capabilities enable retailers to offer customized financial products to their customers, enhancing satisfaction and loyalty. Secure payment gateways and other algorithms in fintech underline smooth transaction processes, leading to higher consumer confidence. An omnichannel approach that integrates both online and offline experiences has financial services that help improve the shopping experience. Growing cooperation between fintech and retailers helps to achieve significant integration and compliance with the requirements to introduce new services. At the same time, the growth of mobile commerce enhances the demand for integrated mobile payments. Collectively, these factors explain the large market size of the retail and e-commerce segment in the embedded finance market during the forecast period.
Based on the business model, the B2C model is expected to hold a higher growth rate during the forecast period.
The B2C model for embedded finance is expected to experience tremendous growth primarily because of the rising customer expectations for integrated and omnichannel financial solutions. The development of digital channels and e-commerce fuels the need for broader implementation. Innovation experiences in fintech, APIs, and AI, for instance, have helped ease integration, lowering entry barriers. Moreover, the strategic B2C model increases customer loyalty and customer retention since it provides them with individualized financial services, thus building lasting partnerships. It also widens the market since consumers who used to be locked out from accessing financial facilities due to various factors can access business ventures. Favorable economic and demographic indicators, such as improved disposable income, especially in emerging markets, as well as enhanced access to the Internet, have also boosted the demand for integrated financial services. These factors have made it evident that the B2C embedded finance model will likely realize faster growth during the forecast period under consideration.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=126584658
Asia Pacific is expected to hold a higher growth rate during the forecast period.
The Asia Pacific region will have the highest growth rate in the Embedded Finance Market for the next forecast period because of several factors. The constantly expanding digitally linked economy due to the rise in Internet connection and smartphone use makes it easier to incorporate financial services into consumer apps. The growth of e-commerce and a continuously increasing volume of online purchases, the development of the middle class and a gradual increase in the available amount of money encourage the desire to have non-cash payment solutions such as digital wallets and BNPL. State programs aimed at developing digital financial services make a helping condition, and significant investments in fintech start-ups and technological development fuel the market’s growth. A large population of the countries in this region presents a substantial demand for financial services. The tech firms collaborate with different institutions and businesses to ensure that financial services are integrated into a universal platform. All these factors combined make it possible to affirm that the Asia Pacific region will maintain a favorable, capturing growth rate in the forecast period.
Top Companies in Embedded Finance Market:
The major vendors covered 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 footprint in the Embedded Finance Market.
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Related Reports:
3D Digital Asset Market– Global Forecast to 2029
Software Asset Management Market – Global Forecast to 2029
Loyalty Management Market – Global Forecast to 2029
Payment Gateway Market – Global Forecast to 2029
Digital Circular Economy Market – Global Forecast to 2028
Get access to the latest updates on Embedded Finance Companies and Embedded Finance Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/embedded-finance-market-worth-251-5-billion-by-2029—exclusive-report-by-marketsandmarkets-302189871.html
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