Thailand Embedded Finance Business and Investment Opportunities Databook 2024: A $7.42 Billion Market by 2029 – Fintech Startups like Grab and LINE are Leading the Charge

DUBLIN–(BUSINESS WIRE)–The “Thailand Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2024 Update” report has been added to ResearchAndMarkets.com’s offering.

Embedded Finance industry in Thailand is expected to grow by 42.9% on annual basis to reach US$ 1.95 billion in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 30.5% during 2024-2029. The embedded finance revenues in the country will increase from US$ 1.95 billion in 2024 to reach US$ 7.42 billion by 2029.

Thailand’s embedded finance market is poised for significant growth, driven by rising smartphone penetration, a robust digital infrastructure, and supportive regulatory policies. Embedded finance integrates financial services like payments, lending, or insurance directly into non-financial platforms. This seamless integration enhances user experience by offering convenient and personalized financial solutions within familiar ecosystems. Thailand, with its tech-savvy population and growing e-commerce sector, presents a fertile ground for embedded finance to flourish.

Major Innovation and Deals of Thailand Embedded Finance Market:

In 2023, NEC Corporation has introduced three modern digital finance solutions that aim to enable the financial industry in Thailand to cope with fintech challenges. The offering comprises Wealth Management Solutions, a Sales Engagement Module, and a Universal Lending Platform. Collaborating with Avaloq, a subsidiary of NEC specializing in wealth management technology, and BlackRock, a fintech provider, NEC created a dashboard that enhances asset management efficiency. This dashboard includes risk level assessments, empowering customers to make well-informed portfolio decisions based on return estimates.

HSBC announced a memorandum of understanding (MoU) with the Thai Fintech Association to help further engage the next generation of Thai tech unicorns. It also announced a new white paper on how corporate treasury can navigate the dynamic payments landscape.

Mambu, the software as a service (SaaS) cloud banking platform, unveiled new research that reveals over a quarter (26 per cent) of Gen Z Muslims solely use Islamic banking, though 85 per cent of them are interested in banking with a financial institution that offers Shariah-compliant products, an increase from 2021.

Digital public infrastructure PlatON also showcased its latest advancements in deposit tokenization technology to a global audience through its Web3 payment solutions, including TOPOS MINT, a blockchain-based professional tokenized deposit issuance system, TOPOS RemiNet, a DEX-based open remittance network, and TOPOS, an on-chain payment acquiring product.

In Oct 2023, Ascend Money becomes Thailand’s first FinTech unicorn following $150m funding round. The fresh capital infusion will be directed towards expanding the user base of its e-wallet application, TrueMoney Wallet, and advancing digital financial services, encompassing digital lending, digital investments, and cross-border remittances across Southeast Asia. Ascend Money’s primary mission is to drive regional financial access and inclusion.

Key Players of Thailand Embedded Finance Market:

Fintech Companies: Fintech startups like Grab and LINE are leading the charge in Thailand’s embedded finance space. Grab offers financial services like payments and microloans within its ride-hailing and food delivery app, while LINE Pay facilitates seamless transactions within the popular messaging platform.

Traditional Banks: Banks in Thailand are recognizing the potential of embedded finance and are partnering with non-financial platforms to offer co-branded financial products and services.

Technology Providers: Technology companies are playing a vital role in developing the infrastructure and APIs necessary for seamless embedded finance integration.

Scope

Thailand Embedded Finance Market Size and Forecast

Embedded Finance by Key Sectors

• Retail
• Logistics
• Telecommunications
• Manufacturing
• Consumer Health
• Others

Embedded Finance by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Finance by Distribution Model

• Own Platforms
• Third Party Platforms

Thailand Embedded Insurance Market Size and Forecast

Embedded Insurance by Industry

• Embedded Insurance in Consumer Products
• Embedded Insurance in Travel & Hospitality
• Embedded Insurance in Automotive
• Embedded Insurance in Healthcare
• Embedded Insurance in Real Estate
• Embedded Insurance in Transport & Logistics
• Embedded Insurance in Others

Embedded Insurance by Consumer Segments

Embedded Insurance by Type of Offering

• Embedded Insurance in Product Segment
• Embedded Insurance in Service Segment

Embedded Insurance by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Insurance by Distribution Model

• Own Platforms
• Third Party Platforms

Embedded Insurance by Distribution Channel

• Embedded Sales
• Bancassurance
• Broker’s/IFA’s
• Tied Agents

Embedded Insurance by Insurance Type

• Embedded Insurance in Life Segment
• Embedded Insurance in Non-Life Segment

Embedded Insurance in Non-Life Segment

• Motor Vehicle
• Fire and Property
• Accident and Health
• General Liability
• Marine, Aviation and other Transport
• Other

Thailand Embedded Lending Market Size and Forecast

Embedded Lending by Consumer Segments

• Business Lending
• Retail Lending

Embedded Lending by B2B Sectors

• Embedded Lending in Retail & Consumer Goods
• Embedded Lending in IT & Software Services
• Embedded Lending in Media, Entertainment & Leisure
• Embedded Lending in Manufacturing & Distribution
• Embedded Lending in Real Estate
• Embedded Lending in Other

Embedded Lending by B2C Sectors

• Embedded Lending in Retail Shopping
• Embedded Lending in Home Improvement
• Embedded Lending in Leisure & Entertainment
• Embedded Lending in Healthcare and Wellness
• Embedded Lending in Other

Embedded Lending by Type

• BNPL Lending
• POS Lending
• Personal Loans

Embedded Lending by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Lending by Distribution Model

• Own Platforms
• Third Party Platforms

Thailand Embedded Payment Market Size and Forecast

Embedded Payment by Consumer Segments

Embedded Payment by End-Use Sector

• Embedded Payment in Retail & Consumer Goods
• Embedded Payment in Digital Products & Services
• Embedded Payment in Utility Bill Payment
• Embedded Payment in Travel & Hospitality
• Embedded Payment in Leisure & Entertainment
• Embedded Payment in Health & Wellness
• Embedded Payment in Office Supplies & Equipment
• Embedded Payment in Other

Embedded Payment by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Payment by Distribution Model

• Own Platforms
• Third Party Platforms

Thailand Embedded Wealth Management Market Size and Forecast

Thailand Asset Based Finance Management Industry Market Size and Forecast

Asset Based Finance by Type of Asset

Asset Based Finance by End Users

For more information about this report visit https://www.researchandmarkets.com/r/in2ldv

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