News on Medial

Global embedded finance market to reach $320B by 2030: BCG report

YourStoryYourStory · 5m
Global embedded finance market to reach $320B by 2030: BCG report

The embedded finance market is expected to reach over $320 billion in revenue by 2030, driven by the integration of financial services into non-financial interactions, according to a report by the Boston Consulting Group (BCG). Currently, embedded finance is mainly used in payments, lending, and insurance. The consumer segment is anticipated to generate $120 billion in revenue by 2030, with strong growth in embedded lending, particularly in the buy now, pay later sector. The enterprise segment is also expected to grow, with horizontal software integrating payments, lending, and trade to address accounts payable and receivable issues. However, global fintech valuations have decreased, with funding down 70% in the past year, although revenue has continued to grow by around 14% over the past two years.

Comments

Download the medial app to read full posts, comements and news.