Banking-as-a-service (baas) Market in Latin America 2024-2028

Description

List of Tables

The banking-as-a-service (BaaS) market in Latin America is forecasted to grow by USD 4178.8 mn during 2023-2028, accelerating at a CAGR of 19.5% during the forecast period. The report on the banking-as-a-service (BaaS) market in Latin America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of BaaS solutions by end-users, increasing number of fintech companies in Latin America, and growing focus on cost efficiency among businesses.

Technavio's banking-as-a-service (BaaS) market in Latin America is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	14.9%
CAGR	19.5%
Incremental Value	$4178.8 mn

By Component

Platform
Services

By Type

Cloud-based
API-based

By End-user

Large enterprise
Small and medium enterprise

By Geographical Landscape

Latin America

This study identifies the increasing marketing initiatives as one of the prime reasons driving the banking-as-a-service (BaaS) market in Latin America growth during the next few years. Also, growing digital transformation and increasing focus on financial inclusion will lead to sizable demand in the market.

The report on the banking-as-a-service (BaaS) market in Latin America covers the following areas:

Banking-as-a-service (BaaS) market in Latin America sizing
Banking-as-a-service (BaaS) market in Latin America forecast
Banking-as-a-service (BaaS) market in Latin America industry analysis

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading banking-as-a-service (BaaS) market in Latin America vendors that include Alau Technology SAU, Banco Inter S.A., BICECORP SA, Credijusto, Creditas, Cuenca Tecnologia Financiera SA de CV, DOCK, EBANX, GIRE SA, Inteligencia en Finanzas S.A.P.I. de C.V., Klar SA de CV, Maximo Pay SAC, MEXARREND S.A.P.I. DE C.V., Neon Pagamentos S.A., Nu Holdings Ltd., Rappi Inc., Revolut Ltd., Servicios Broxel SAPI de CV, and UNIVERSO ONLINE SA. Also, the banking-as-a-service (BaaS) market in Latin America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74837

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Latin America - Market size and forecast 2023-2028 ($ million)
- Data Table on Regional - Market size and forecast 2023-2028 ($ million)
- Chart on Latin America: Year-over-year growth 2023-2028 (%)
- Data Table on Regional - Market size and forecast 2023-2028 ($ million)

4 Historic Market Size

4.1 Banking-As-A-Service (BaaS) Market in Latin America 2018 - 2022
- Historic Market Size - Data Table on Banking-As-A-Service (BaaS) Market in Latin America 2018 - 2022 ($ million)
4.2 Component segment analysis 2018 - 2022
- Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.5 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
- Chart on Component - Market share 2023-2028 (%)
- Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
6.3 Platform - Market size and forecast 2023-2028
- Chart on Platform - Market size and forecast 2023-2028 ($ million)
- Data Table on Platform - Market size and forecast 2023-2028 ($ million)
- Chart on Platform - Year-over-year growth 2023-2028 (%)
- Data Table on Platform - Year-over-year growth 2023-2028 (%)
6.4 Services - Market size and forecast 2023-2028
- Chart on Services - Market size and forecast 2023-2028 ($ million)
- Data Table on Services - Market size and forecast 2023-2028 ($ million)
- Chart on Services - Year-over-year growth 2023-2028 (%)
- Data Table on Services - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Component
- Market opportunity by Component ($ million)
- Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Cloud-based - Market size and forecast 2023-2028
- Chart on Cloud-based - Market size and forecast 2023-2028 ($ million)
- Data Table on Cloud-based - Market size and forecast 2023-2028 ($ million)
- Chart on Cloud-based - Year-over-year growth 2023-2028 (%)
- Data Table on Cloud-based - Year-over-year growth 2023-2028 (%)
7.4 API-based - Market size and forecast 2023-2028
- Chart on API-based - Market size and forecast 2023-2028 ($ million)
- Data Table on API-based - Market size and forecast 2023-2028 ($ million)
- Chart on API-based - Year-over-year growth 2023-2028 (%)
- Data Table on API-based - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

8 Market Segmentation by End-user

8.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
8.3 Large enterprise - Market size and forecast 2023-2028
- Chart on Large enterprise - Market size and forecast 2023-2028 ($ million)
- Data Table on Large enterprise - Market size and forecast 2023-2028 ($ million)
- Chart on Large enterprise - Year-over-year growth 2023-2028 (%)
- Data Table on Large enterprise - Year-over-year growth 2023-2028 (%)
8.4 Small and medium enterprise - Market size and forecast 2023-2028
- Chart on Small and medium enterprise - Market size and forecast 2023-2028 ($ million)
- Data Table on Small and medium enterprise - Market size and forecast 2023-2028 ($ million)
- Chart on Small and medium enterprise - Year-over-year growth 2023-2028 (%)
- Data Table on Small and medium enterprise - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

10.1 Geographic segmentation
- Chart on Market share By Geographical Landscape - 2023-2028 (%)
- Data Table on Market share By Geographical Landscape - 2023-2028 (%)
10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
10.3 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
10.4 Mexico - Market size and forecast 2023-2028
- Chart on Mexico - Market size and forecast 2023-2028 ($ million)
- Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
- Chart on Mexico - Year-over-year growth 2023-2028 (%)
- Data Table on Mexico - Year-over-year growth 2023-2028 (%)
10.5 Colombia - Market size and forecast 2023-2028
- Chart on Colombia - Market size and forecast 2023-2028 ($ million)
- Data Table on Colombia - Market size and forecast 2023-2028 ($ million)
- Chart on Colombia - Year-over-year growth 2023-2028 (%)
- Data Table on Colombia - Year-over-year growth 2023-2028 (%)
10.6 Argentina - Market size and forecast 2023-2028
- Chart on Argentina - Market size and forecast 2023-2028 ($ million)
- Data Table on Argentina - Market size and forecast 2023-2028 ($ million)
- Chart on Argentina - Year-over-year growth 2023-2028 (%)
- Data Table on Argentina - Year-over-year growth 2023-2028 (%)
10.7 Rest of Latin America - Market size and forecast 2023-2028
- Chart on Rest of Latin America - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of Latin America - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of Latin America - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of Latin America - Year-over-year growth 2023-2028 (%)
10.8 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Table on Market opportunity By Geographical Landscape ($ million)

11 Drivers, Challenges, and Opportunity/Restraints

11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints

12 Competitive Landscape

12.1 Overview
12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
- Overview on factors of disruption
12.4 Industry risks
- Impact of key risks on business

13 Competitive Analysis

13.1 Companies profiled
- Companies covered
13.2 Market positioning of companies
- Matrix on companies position and classification
13.3 Alau Technology SAU
- Alau Technology SAU - Overview
- Alau Technology SAU - Product / Service
- Alau Technology SAU - Key offerings
13.4 BICECORP SA
- BICECORP SA - Overview
- BICECORP SA - Product / Service
- BICECORP SA - Key offerings
13.5 Cuenca Tecnologia Financiera SA de CV
- Cuenca Tecnologia Financiera SA de CV - Overview
- Cuenca Tecnologia Financiera SA de CV - Product / Service
- Cuenca Tecnologia Financiera SA de CV - Key offerings
13.6 EBANX
- EBANX - Overview
- EBANX - Product / Service
- EBANX - Key offerings
13.7 GIRE SA
- GIRE SA - Overview
- GIRE SA - Product / Service
- GIRE SA - Key offerings
13.8 Inteligencia en Finanzas S.A.P.I. de C.V.
- Inteligencia en Finanzas S.A.P.I. de C.V. - Overview
- Inteligencia en Finanzas S.A.P.I. de C.V. - Product / Service
- Inteligencia en Finanzas S.A.P.I. de C.V. - Key offerings
13.9 Klar SA de CV
- Klar SA de CV - Overview
- Klar SA de CV - Product / Service
- Klar SA de CV - Key offerings
13.10 Maximo Pay SAC
- Maximo Pay SAC - Overview
- Maximo Pay SAC - Product / Service
- Maximo Pay SAC - Key offerings
13.11 MEXARREND S.A.P.I. DE C.V.
- MEXARREND S.A.P.I. DE C.V. - Overview
- MEXARREND S.A.P.I. DE C.V. - Product / Service
- MEXARREND S.A.P.I. DE C.V. - Key offerings
13.12 Neon Pagamentos S.A.
- Neon Pagamentos S.A. - Overview
- Neon Pagamentos S.A. - Product / Service
- Neon Pagamentos S.A. - Key offerings
13.13 Nu Holdings Ltd.
- Nu Holdings Ltd. - Overview
- Nu Holdings Ltd. - Product / Service
- Nu Holdings Ltd. - Key offerings
13.14 Rappi Inc.
- Rappi Inc. - Overview
- Rappi Inc. - Product / Service
- Rappi Inc. - Key offerings
13.15 Revolut Ltd.
- Revolut Ltd. - Overview
- Revolut Ltd. - Product / Service
- Revolut Ltd. - Key offerings
13.16 Servicios Broxel SAPI de CV
- Servicios Broxel SAPI de CV - Overview
- Servicios Broxel SAPI de CV - Product / Service
- Servicios Broxel SAPI de CV - Key offerings
13.17 UNIVERSO ONLINE SA
- UNIVERSO ONLINE SA - Overview
- UNIVERSO ONLINE SA - Product / Service
- UNIVERSO ONLINE SA - Key offerings

14 Appendix

14.1 Scope of the report
14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
14.3 Currency conversion rates for US$
- Currency conversion rates for US$
14.4 Research methodology
- Research methodology
14.5 Data procurement
- Information sources
14.6 Data validation
- Data validation
14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
14.8 Data synthesis
- Data synthesis
14.9 360 degree market analysis
- 360 degree market analysis
14.10 List of abbreviations
- List of abbreviations