Learn about the global lending and payments market through The Business Research Company, which provides information on lending and payments market size, lending and payments market drivers and restraints, lending and payments market players, the COVID-19 impact on the lending and payments market, and more.

The global lending and payments market size is expected to grow from $7,833.28 billion in 2021 to $8,681.44 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global lending and payment market size is then expected to grow to $12,554.28 billion in 2026 at a CAGR of 9.7%.

Artificial Intelligence is gaining prominence in the payments sector due to its various applications allowing businesses in synthesizing data to improve customer experience.

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The lending and payments market consists of sales of lending and payments services by entities (organizations, sole traders, and partnerships) that are engaged in the lending and payments-related activities such as lending, payments, and money transfer services. The lending and payments industry is categorized based on the business model of the firms present in the industry. Some firms offering lending services may offer other services, financial or otherwise. Revenues from lending and payments services include interest on loans, margins, or commissions charged on transactions, and not the loan or repayment values themselves.

Global Lending And Payments Market Segments Include:

By Type: Lending, Cards and Payments

By Lending Channel: Offline, Online

By End-User: B2B, B2C

Subsegments Covered: Corporate Lending, Household Lending, Government Lending, Cards, Payments

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Alternative lending is gaining traction as it gives loans to individuals and businesses who cannot access loans through traditional banking platforms. Alternative lending is becoming popular mainly because offering commercial loans to small businesses is deemed unprofitable by traditional banks. Alternative lenders rely on advanced technologies such as big data to obtain data-driven insights, which can be used to quicken the overall lending process. This allows alternative lenders to earn profits on loans that are conventionally considered unprofitable by traditional lenders.

TBRC’s lending and payments market report covers:

Major Market Players: China Construction Bank, Agricultural Bank Of China, JPMorgan Chase & Co., Bank of China, Industrial and Commercial Bank of China, Bank of America Corporation, Banco Santander, Citi Group, Wells Fargo & Company, and State Bank of India

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Lending And Payments Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides lending and payments market overviews, analyzes and forecasts market size, share, lending and payments market players, lending and payments market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s lending and payments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Financial Services Global Market Report 2022

Lending Global Market Report 2022

Asset Servicing Global Market Report 2022

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