The lending and payments market
comprises all establishments engaged in lending and payments related activities
such as lending, payments and transferring service. The lending and payments
industry is categorized on the basis of the business model of the firms present
in the industry.
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The lending and payments market
has shown high growth in the past years with a CAGR of about 6%. The year 2017
recorded highest ever market value in this industry as per TBRC’s inhouse
consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the lending
and payments market to grow at a higher CAGR by 2021 as compared to
2017, along with geographies best suited for investments with highest return
rate.
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report at
The cards & payments segment
had the second highest CAGR of 2.2% during 2013-2017; this segment is expected
to grow at a CAGR of 6.8% during 2017-2021. Strong forecasted growth for cards
& payments can be attributed to increasing initiatives by developing
countries such as India to promote digitalization of payments.
Companies included
in the report are Industrial and Commercial Bank of
China, Agricultural Bank of China, Bank of China, JP Morgan and Wells Fargo.
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