How big is the Banking As A Service Market?

The Banking As A Service Market size is expected to reach USD 5.32 billion in 2024 and grow at a CAGR of 26.60% to reach USD 14.72 billion by 2029. Read More

What is the current Banking As A Service Market size?

In 2024, the Banking As A Service Market size is expected to reach USD 5.32 billion. Read More

Who are the key players in Banking As A Service Market?

Solaris SE, BNKBL Ltd, Treezor, Matchmove Pay Pte Ltd and Currency Cloud are the major companies operating in the Banking As A Service Market. Read More

Which is the fastest growing region in Banking As A Service Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Banking As A Service Market?

In 2024, the North America accounts for the largest market share in Banking As A Service Market. Read More

What years does this Banking As A Service Market cover, and what was the market size in 2023?

In 2023, the Banking As A Service Market size was estimated at USD 3.90 billion. The report covers the Banking As A Service Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Banking As A Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving the growth of the Banking-as-a-Service (BaaS) Market?

The key factors driving the growth of the Banking-as-a-Service (BaaS) Market are a) Rising Adoption of Digital Banking Services b) Advancements in fund transaction services in several developing countries Read More

BaaS Market - Banking as a Service - Size, Growth & Trends

Banking as a Service Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Banking As A Service Market Report is Segmented by Enterprise (Large Enterprise, Small and Medium Enterprise), End Users (Banks, Fintech Corporations, and Others), and Regions (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The Report Offers Market Size and Forecasts for the BaaS Market in Value (USD) for all the Above Segments.

Banking as a Service (BaaS) Industry Overview

The Banking-as-a-Services market is moderately fragmented. Many companies compete for small market shares in the Banking-as-a-Service market. Businesses focus on diversifying their product offerings through product innovation to fulfill the growing demand. Moreover, with technological advancement and product innovation, domestic and international companies are increasing their market presence by securing new contracts and tapping new markets. In addition, the expansion of the Banking-as-a-Service (BaaS) industry is positively impacted by advancements in fund transaction services across the US and several emerging countries. For Instance, in October 2023, the financial technology behemoth FIS, which provides core banking, payment acceptance, and other services to banks and retailers worldwide, acquired BaaS provider Bond for an undisclosed amount. Following is a list of players that are operating in the market: Solaris SE, BNKBL Ltd, Treezor, Matchmove Pay Pte Ltd, Currency Cloud, etc.