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.
The global lending and payments market was valued at around $7023 billion in 2017. Asia Pacific was the largest region in the lending and payments market in 2017, accounting for under 52% market share. China was the largest country in the market in 2017, accounting for above 35% market share.
The global payments industry has witnessed rapid increase in the adoption of EMV technology. This growth is driven by a higher level of data security offered by EMV chip and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards including debit, credit, charge and prepaid cards. The chip carries data of the cardholder and the account, which is protected using both hardware and software security measures.
The top five companies covered are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, JP Morgan and Wells Fargo. Industrial and Commercial Bank of China was the largest company in the lending and payments industry in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The lending and payments market is segmented into Lending and Cards & Payments.
Lending segment comprises establishments engaged in making secured or unsecured loans to various entities. Entities include establishments such as finance companies, personal credit institutions, loan companies and student loans companies. This market covers all types of loans such as mortgage loan, personal loan, working capital loan, vehicle loan, industrial loans and others. Revenue generated from the lending market includes all the interest charges levied by the banks and financial institutions against loan sanctioned. This market includes interest charged by the banks on credit card and other cards.
Cards & Payments segment comprises establishments engaged in storing, processing and transmitting payment cards data. This market covers issuing and acquiring banks, card processing and issuing companies, payment processing institutions such as banks, non-lending and payments financial corporations and others. Revenue generated from the cards and payments market includes all the processing and services fees levied by the banks and financial institutions for payment processing. This segment excludes interest charged by the banks on credit card and other cards.