The Business Research Company Global Credit & Payments Market Report 2022 – Market Size, Trends & Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, September 19, 2022 /EINPresswire.com/ — According to The Business Research Company’s “Global Credit and Payments Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026”, the volume of the credit and payments market is expected to grow to $12.55 trillion USD in 2026 with an average annual growth rate of 9.7%.
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The credit and payments market research repost consists of sales of credit and payment services by entities (organizations, sole proprietorships and partnerships) that engage in credit and payment related activities such as lending, payments and money transfer services. The lending and payments industry is classified based on the business model of the firms present in the industry. Some firms that offer credit services may offer other services, financial or otherwise. Income from lending and payment services includes interest on loans, margins or fees charged on transactions, and not the amounts of loans or repayments themselves.
Trends in the global lending and payments market
Artificial intelligence is gaining importance in the lending as a service market, thanks to various applications that allow businesses to synthesize data to improve the customer experience. Artificial intelligence refers to the development of computer systems that can perform tasks using human intelligence. According to a study of the lending and payments market, artificial intelligence allows payment companies to increase their operational efficiency, such as reduced processing time, error-free understanding, and increased automation.
Segments of the global lending and payments market
The global lending and payments market is segmented:
By type: lending, cards and payments
By credit channel: offline, online
By end user: B2B, B2C
Sub-segments covered: corporate lending, household lending, government lending, cards, payments.
Geographically: The global credit and payments market analysis report is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the largest share falls on Western Europe.
Read more about the Global Credit and Payments Market Report here.
The Global Credit and Payments Market Report 2022 is one of a series of new reports from The Business Research Company that provides overviews of the credit and payments market, analyzes and forecasts of market size and growth for the global credit and payments market, credit, lending and payments around the world. market share, credit and payments market segments and geographic regions, participants in the global credit and payments market, revenues of leading competitors in the global credit and payments market, market profiles and shares. The Global Credit & Payments Market report identifies the top countries and segments for opportunities and strategies based on market trends and the approaches of major competitors.
The TBRC Global Credit and Payments Report 2022 includes information on the following:
Data segmentation: market size, global, by regions and countries, historical data and forecasts, and growth rates for 60 geographic regions.
Key Market Players: Construction Bank of China, 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 China. 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.
And much more.
Looking for something else? Here is a list of similar reports from The Business Research Company:
Global Payments Market Report 2022
World Loan Market Report 2022
Global Card & Payment Market Report 2022
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Business Research has published over 1,000 industry reports covering over 2,500 market segments and 60 regions. The reports are based on 150,000 data sets, extensive secondary research and exclusive insights from interviews with industry leaders. The reports are supplemented with detailed analysis of the impact of COVID-19 on various markets.
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