DUBLIN–(BUSINESS WIRE)–The “Integrated Lending and Investment Opportunities in Africa and the Middle East – Update Q1 2022” Report has been added ResearchAndMarkets.com Offer.
According to the Q4 2021 Embedded Finance Survey, the embedded lending industry in the region is expected to grow at an annual rate of 49.5% and reach US$1,936.4 million in 2022.
The embedded lending industry is expected to grow steadily during the forecast period, registering a CAGR of 31.9% between 2022 and 2029. Embedded loan revenue in the region will increase to $8,983.7 million in 2029 from $1,936.4 million in 2022.
Strategic partnership with global players to advance financial inclusion through embedded lending in the Africa and Middle East region
In the Africa and Middle East region, a large part of the young population does not have access to financial services. Companies that target such consumer demographics are forging strategic alliances with global players to advance financial inclusion in the region.
In June 2021, Aafaq Islamic Finance entered into a strategic partnership with The Social Loan Company, a Singapore-based artificial intelligence-based, state-of-the-art, big data-based loan activation platform company.
In partnership with The Social Loan Company, the company plans to launch embedded lending services to provide credit to the region’s underserved youth population.
Notably, The Social Loan Company has experienced phenomenal growth through its flagship embedded lending brand CASHe in India over the past four years.
The publisher expects more such strategic alliances with global players in the embedded lending industry over the next four to eight quarters, which will subsequently drive market growth in the Africa and Middle East region in the short to medium term.
Strategic collaborations with online and offline companies will be key to driving the growth of embedded lending in Africa and the Middle East
In order to offer embedded credit solutions to a growing number of consumers and businesses, the publisher expects that strategic alliances with both online and offline businesses will be the main drivers of industry growth in the Africa and Middle East region. BNPL (buy now, pay later) companies in particular have adopted this strategy widely in the region.
In the Middle East, BNPL firms are aggressively partnering with various companies across all industries. For example, Dubai-based Tabby has partnered with 2,000 global brands, including small and medium-sized businesses in the region. Similarly, Tamara, the Saudi Arabian BNPL company, has entered into a strategic collaboration with 1,000 merchants to offer consumers short-term loans in the United Arab Emirates as well as Saudi Arabia.
While the BNPL sector is growing rapidly online, the publisher expects strategic offline partnerships to remain a key factor in the future growth of the industry in this region.
This is largely because stores are reopening as the impact of the global pandemic wears off and consumers return to physical stores. Future growth will therefore be driven by partnerships with offline retailers in the region.
reasons to buy
Comprehensive Understanding of Embedded Finance Market Dynamics: Understand market opportunities and major trends and forecasts (2019-2028).
Insights into Opportunities by End Use Sectors – Get market dynamics by end use sectors to assess new opportunities in different end use sectors.
Market-Specific Strategy Development: Identify growth segments and target specific opportunities to formulate an embedded financial strategy; Evaluation of market-specific key trends, drivers and risks in the industry.
Get industry insights: This report, based on the results of proprietary surveys, identifies opportunities in the embedded lending, embedded insurance, embedded finance and embedded wealth sectors.
Regions and countries included in this report are:
Africa & Middle East
United Arab Emirates
Main topics covered:
1 About this report
2 Embedded Lending Industry Market Size and Forecast, 2020-2029
3 Embedded Lending Industry Market Size and Forecast by Consumer Segment
3.1 Market Share Analysis by Consumer Segment
3.2 B2B Lending – Embedded Lending Industry Revenue Trend Analysis, 2020-2029
3.3 B2C Lending – Embedded Lending Industry Sales Trend Analysis, 2020-2029
4 Embedded Lending Industry Market Size and Forecast by Business-to-Business (B2B) Sectors
4.1 Market Share Analysis by B2B Sectors
4.2 Retail and Consumer Goods Lending- Embedded Lending Industry Revenue Trend Analysis, 2020-2029
4.3 IT and Software Services-Embedded Lending Industry Revenue Trend Analysis, 2020-2029
4.4 Transportation and Logistics- Embedded Lending Industry Sales Trend Analysis, 2020-2029
4.5 Manufacturing and Distribution Sales Trend Analysis – Embedded Lending Industry, 2020-2029
4.6 Real Estate – Embedded Lending Industry Sales Trend Analysis, 2020-2029
4.7 Others- Embedded Lending Industry Sales Trend Analysis, 2020-2029
5 Embedded Lending Industry Market Size and Forecast by B2C (Business to Consumer) Sectors.
5.1 Market Share Analysis by B2C Sectors
5.2 Retail and Consumer Goods Lending- Embedded Lending Industry Sales Trend Analysis, 2020-2029
5.3 Home Improvement – Embedded Lending Industry Sales Trend Analysis, 2020-2029
5.4 Leisure & Entertainment – Embedded Lending Industry Sales Trend Analysis, 2020-2029
5.5 Healthcare & Wellness – Embedded Lending Industry Revenue Trend Analysis, 2020-2029
5.6 Others- Embedded Lending Industry Sales Trend Analysis, 2020-2029
6 Further reading
For more information about this report, see https://www.researchandmarkets.com/r/jl36xe