Emergen Research has recently added a new report titled Global Digital Lending Market that provides an extensive analysis of the Digital Lending market and industry overview with regards to market size, market share, revenue growth, key companies, current and emerging market trends, recent technological and product developments, and a comprehensive analysis of the impact of COVID-19 pandemic on the growth of the Digital Lending Market.
The global digital lending market size was USD 12.35 Billion in 2022 and is expected to register a steady revenue CAGR of 13.8% during the forecast period, according to latest analysis by Emergen Research. Rising Internet and smartphone usage and government protection policies and actions and increasing better customer experiences and use of ML, AI, and blockchain technologies for digital lending are key factors driving market revenue growth.
Digital lending offers advantages such as easy information collection of customers, improved load disbursement process, efficiency enhancement, guaranteed faster decision making, and greater consistency of lending process. The recent development of Unified Payment Interface (UPI) is increasing use of digital lending due to cashless transaction procedures through peer-to-peer, interbank, and merchant channels, instant payments and money transfer, protection of personal information of customers, cashback and rewards facility, and monetary transactions through multiple accounts at any point of time. Pre-approved credit limits via UPI are expected to connect the traditional banking industry and create new digital lending choices for banks and non-bank financial institutions. As a result, the governments are taking various initiatives to include UPI in various economic processes and expanding the facilities provided by UPI in other unreached areas of action. For instance, on 6 April 2023, the government of India announced pre-approved credit lines to banks via UPI. The project stimulates innovation and increases the impact of UPI by providing borrowers with access to digital credit lines from banks via UPI. Furthermore, this immediately reduces the number of cards, time, and effort required by clients, making UPI transactions simple, which is expected to drive revenue growth of the market.
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It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
Tavant, FIS, Fiserv, Inc., Newgen Software Technologies Limited, Pegasystems Inc., Nucleus Software Exports Ltd., Roostify, Inc., Sigma Infosolutions, Temenos, and Intellect Design Arena Ltd
Report Highlights:
Regional Landscape section of the Digital Lending Market report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2228
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Digital Lending market expected to boost the growth of the industry in the coming years.
Digital Lending Market Segmentation:
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/digital-lending-market
Highlights of Table of Contents (TOC):
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