Lending and payments Market to Grow at a Higher Rate

The Business Research Company’s global lending and payments market, covers the year-on-year growth of the global lending and payments historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

Order the report at:

https://www.thebusinessresearchcompany.com/report/lending-and-payments-global-market-report

The global lending and payments market is forecast to grow at a CAGR (compound annual growth rate) of around 7 % to 2022.

Lending and payments Trends:

Growing adoption of europay, MasterCard, and visa (EMV) technology, strong growth potential for near-field communication (NFC) based mobile payments are the major trends witnessed in the global lending and payments market. With increase in positive economic outlook, government policies, the scope and potential for the global market is expected to significantly rise in the forecast period.

Lending was the largest segment in the market at market worth of about $6600 billion. Large share of lending services can be attributed to high demand for household loans is due to rising wages and increasing appetite for loans, especially in mortgage loans.

The global lending and payments is primarily driven by increasing demand for loans in manufacturing based countries such as China and the US

Download a sample of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=1886&type=smp

The global lending and payments market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With emergence of multinational lending and payments companies and emerging economies the global lending and payments is expected to increase in potential and scope. TBRC’s report also covers the global lending and payments market report drivers and restraints in the market.

The global lending and payments market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global lending and payments report are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, JP Morgan, and Wells Fargo

The lending and payments market consists of sales of lending and payments services by entities (organizations, sole traders and partnerships) that engage in lending and payments related activities such as lending, payments and money transfer services. The lending and payments industry is categorized on the basis of 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.

Growing adoption of europay, MasterCard, and visa (EMV) technology, strong growth potential for near-field communication (NFC) based mobile payments are the major trends witnessed in the global lending and payments market.

About The Business Research Company:

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company

The Business Research Company excels in company, market and consumer research. Our team consists of 90+ professionals working to create high quality market reports that can either be accessed through our research center.