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Africa & Middle East Embedded Finance Business and Investment Opportunities - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2022 Update

  • ID: 5547747
  • Report
  • February 2022
  • Region: Africa, Middle East
  • 600 Pages
  • PayNXT360
According to the Q4 2021 Embedded Finance Survey, Embedded Finance industry in the region is expected to grow by 45.3% on annual basis to reach US$10,359.2 million in 2022.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 27.8% during 2022-2029. The embedded finance revenues in the region will increase from US$10,359.2 million in 2022 to reach US$39,820.0 million by 2029.

Strategic partnership with global players to drive financial inclusion through embedded lending in the Africa and Middle East region

In the Africa and Middle East region, there is a large proportion of the young population who do not have access to financial services. Targeting such consumer demographics, firms are entering into strategic alliances with global players to drive financial inclusion in the region. For instance,
  • In June 2021, Aafaq Islamic Finance entered into a strategic partnership with The Social Loan Company, a Singapore-based artificial intelligence-powered cutting-edge, big data-driven credit enablement platform company.
  • Under the collaboration with The Social Loan Company, the firm is planning to launch embedded lending services, thereby offering credit to the underserved young population in the region.
  • Notably, The Social Loan Company has had a phenomenal upward trajectory through its flagship embedded lending brand CASHe in India over the past four years.

The publisher expects more such strategic alliances with global players in the embedded lending industry over the next four to eight quarters, which will subsequently drive the growth of the market in the Africa and Middle East region from the short to medium-term perspective.

Strategic collaboration with online and offline businesses will be the key to driving the growth of embedded lending in the Africa and Middle East

To provide an increasing number of consumers and businesses with embedded lending solutions, the publisher expects that strategic alliances with both online as well as offline businesses will be the major driving factor for the growth of the industry in the Africa and Middle East region. Notably, buy now, pay later (BNPL) firms have adopted this strategy widely in the region. For instance,
  • In the Middle East, BNPL firms are aggressively partnering with various businesses across industry verticals. Dubai-based Tabby, for instance, has partnered with 2,000 global brands, which also include small and medium-sized businesses in the region. Similar, Tamara, the Saudi Arabian BNPL firm, has entered into a strategic collaboration with 1,000 merchants to offer consumers short-term loans in the UAE as well as Saudi Arabia.

While the BNPL sector is growing strongly in the online space, the publisher expects that strategic partnerships in the offline space will remain a key factor in driving the industry's future growth in this region. This is primarily because businesses are reopening again as the effect of the global pandemic subsides and consumers return to physical stores. Consequently, future growth will be driven by partnerships with offline retailers in the region.

Embedded insurance market gained a huge traction in mobility sector in the Africa & Middle East region

The Africa & Middle East region witnessed significant growth in the embedded insurance demand by the mobility sector. Moreover, the embedded insurance market has already crossed the growth stage in the mobility embedded insurance product life cycle and now are moving towards the maturity stage at a considerable pace. The market witnessed numerous collaborations among ride-hailing, driver-sharing, and embedded insurers. For instance,
  • Uber (India) launched in-ride embedded insurance for its drivers and delivery partners across Saudi Arabia in 2018.
  • Additionally, in In December 2019, UAE based ride-hailing app Careem (Uber’s subsidiary) launched in-ride insurance for passengers and drivers across 15 cities. The insurance policy will cover up to $20,000 in expenses incurred due to death or major injury sustained during a Careem ride.

The developments mentioned above show that the mobility sector has provided embedded insurance to its clients and drivers for years. Additionally, the market for mopeds and e-bikes is expanding rapidly due to the surge in food and grocery delivery requirements due to the Covid-19 pandemic. As a result, insurtech firms have been drawn to capitalize on the expanding market for usage-based insurance for e-bike and moped fleets.

Market participants are introducing new products through newly obtained funds. The launch of new products will assist fleet businesses by providing flexible and seamless embedded insurance options. For instance,
  • In August 2020, Israel-based mobility insurtech firm Bambi Dynamic raised US$ 6 million led by MS&AD Ventures and backed by existing investor The Phoenix Insurance Company. The newly raised funds were utilized to enhance its offerings across the mobility sector.

The Africa & Middle East embedded payment industry is going through a trial phase, and incumbents in the payments market ecosystem must evolve to stay relevant in the industry, as the everchanging demand from clients is making the current system outdated.

Established and new-age fintech companies have invested heavily in embedded payment solutions in the last four to six quarters, resulting in market growth.

Moreover, customers expect e-commerce platforms to provide a smooth buying experience. Embedded payment can be the solution to this ever-growing client requirements. This also allows the companies to provide value-added benefits to clients and increase loyalty. Consequently, the publisher expects strong market growth over the next four to eight quarters.

The embedded payments industry is still in its nascent stages of development in most of the big economies such as Egypt and the UAE. However, in the last six to eight quarters, it was observed that a spike in the number of start-ups in the embedded payment market, spurred by the collaborative efforts of the governments and other stakeholders, enhanced the payment systems.

The region has several diverse factors driving the market growth, including a vast economy, a large young population, and an abundant skilled workforce. As a result, the region has enormous potential to grow its fintech industry in 2022 and beyond.

This report provides regional insights into key trends and drivers along with a detailed data centric analysis of market opportunities in embedded finance industry at regional and country level. Region and countries included in this report are:


1. Africa & Middle East
2. Egypt
3. Israel
4. Kenya
5. Nigeria
6. Saudi Arabia
7. South Africa
8. Turkey
9. United Arab Emirates

Scope


This report provides regional insights, along with an in-depth data centric analysis of the Embedded Finance industry in the Africa & Middle East, covering 50+ KPIs for each region and country (350+ charts and 300+ tables in all). Below is a summary of key market segments:

Embedded Finance Market Size and Forecast


Embedded Lending Market Size and Forecast


Embedded Lending by Consumer Segments, 2020 - 2029

  • Business Lending
  • Retail Lending

Embedded Lending by B2B Sectors, 2020 - 2029

  • 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, 2020 - 2029

  • 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 Insurance Market Size and Forecast


Embedded Insurance by Industry, 2020 - 2029

  • 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 Insurance Type, 2020 - 2029

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

Embedded Insurance by Type of Offering, 2020 - 2029

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

Embedded Payment Market Size and Forecast


Embedded Payment by Consumer Segments, 2020 - 2029

  • B2B
  • B2C

Embedded Payment by End-Use Sector, 2020 - 2029

  • 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 Wealth Management Market Size and Forecast


Reasons to buy

  • In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
  • Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.
  • Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

This report provides detailed 8 sections, covering regional insights along with data centric analysis at regional and country level (350+ charts and 300+ tables in all):
1. Africa & Middle East Embedded Finance Business and Investment Opportunities
2. Egypt Embedded Finance Business and Investment Opportunities
3. Israel Embedded Finance Business and Investment Opportunities
4. Kenya Embedded Finance Business and Investment Opportunities
5. Nigeria Embedded Finance Business and Investment Opportunities
6. Saudi Arabia Embedded Finance Business and Investment Opportunities
7. South Africa Embedded Finance Business and Investment Opportunities
8. Turkey Embedded Finance Business and Investment Opportunities
9. United Arab Emirates Embedded Finance Business and Investment Opportunities
All the regional and country sections above follow the following table of contents covering 49 charts and 39 tables for each country/region:
1 About this Report
1.1 Summary
1.2 Methodology
1.3 Embedded Finance Definitions
1.4 Disclaimer
2 Embedded Finance Industry Market Size and Forecast
2.1 Embedded Finance - Revenue Trend Analysis, 2020-2029
2.2 Embedded Finance Market Share Analysis by Key Sectors
3 Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4 Embedded Insurance Industry Market Size and Forecast by Type of Insurance
4.1 Market Share Analysis by Type of Insurance
4.2 Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4.3 Non-Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5 Embedded Insurance Industry Market Size and Forecast by End Use Industry
5.1 Market Share Analysis by End Use Industry Segments
5.2 Consumer Products - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.3 Travel & Hospitality - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.4 Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.5 Healthcare - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.6 Real Estate - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.7 Transport & Logistics - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.8 Other - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6 Embedded Insurance Industry Market Size and Forecast by Type of Offering
6.1 Market Share Analysis by Type of Offering
6.2 Product Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6.3 Service Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
7 Embedded Lending Industry Market Size and Forecast, 2020-2029
8 Embedded Lending Industry Market Size and Forecast by Consumer Segment
8.1 Market Share Analysis by Consumer Segment
8.2 B2B Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
8.3 B2C Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9 Embedded Lending Industry Market Size and Forecast by Business to Business (B2B) Sectors
9.1 Market Share Analysis by B2B Sectors
9.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.3 IT & Software Services - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.4 Transport & Logistics - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.5 Manufacturing & Distribution - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.6 Real Estate - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.7 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10 Embedded Lending Industry Market Size and Forecast by Business to Consumer (B2C) Sectors
10.1 Market Share Analysis by B2C Sectors
10.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.3 Home Improvement - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.4 Leisure & Entertainment - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.5 Healthcare & Wellness - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.6 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
11 Embedded Payment Industry Market Size and Forecast, 2020-2029
12 Embedded Payment Industry Market Size and Forecast by Consumer Segment
12.1 Market Share Analysis by Consumer Segment
12.2 B2B Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
12.3 B2C Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13 Embedded Payment Industry Market Size and Forecast by End Use Segment
13.1 Market Share Analysis by End Use Segment
13.2 Retail & Consumer Goods Lending - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.3 Digital Products & Services - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.4 Utility Bill Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.5 Travel & Hospitality - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.6 Leisure & Entertainment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.7 Health & Wellness - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.8 Office Supplies & Equipment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.9 Other - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
14 Embedded Wealth Management Industry Market Size and Forecast, 2020-2029
15 Further Reading
15.1 About the Publisher

List of Figures

Figure 1: Methodology Framework
Figure 2: Africa & Middle East Embedded Finance - Revenue (US$ Million), 2020-2029
Figure 3: Africa & Middle East Embedded Finance Market Share Analysis by Key Sectors (%), 2020-2029
Figure 4: Africa & Middle East Embedded Insurance - Revenue (US$ Million), 2020-2029
Figure 5: Market Share Analysis by Type of Insurance (%), 2020-2029
Figure 6: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 7: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 8: Market Share Analysis by End Use Industry Segments, 2021 Vs. 2029
Figure 9: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 10: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 11: Automotive - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 12: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 13: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 14: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 15: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 16: Market Share Analysis by Type of Offering (%), 2020-2029
Figure 17: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 18: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 19: Africa & Middle East Embedded Lending - Revenue (US$ Million), 2020-2029
Figure 20: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 21: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 22: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 23: Market Share Analysis by B2B Sectors (%), 2021 Vs. 2029
Figure 24: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 25: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 26: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 27: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 28: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 29: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 30: Market Share Analysis by B2C Sectors (%), 2021 Vs. 2029
Figure 31: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 32: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 33: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 34: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 35: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 36: Africa & Middle East Embedded Payment - Revenue (US$ Million), 2020-2029
Figure 37: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 38: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 39: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 40: Market Share Analysis by End Use Segment (%), 2021
Figure 41: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 42: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 43: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 44: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 45: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 46: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 47: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 48: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 49: Africa & Middle East Embedded Wealth Management - Revenue (US$ Million), 2020-2029

List of Tables

Table 1: Africa & Middle East Embedded Finance - Revenue (US$ Million), 2020-2029
Table 2: Africa & Middle East Embedded Insurance - Revenue (US$ Million), 2020-2029
Table 3: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 4: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 5: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 6: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 7: Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
Table 8: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 9: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 10: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 11: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 12: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 13: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 14: Africa & Middle East Embedded Lending - Revenue (US$ Million), 2020-2029
Table 15: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 16: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 17: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 18: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 19: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 20: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 21: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 22: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 23: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 24: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 25: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 26: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 27: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 28: Africa & Middle East Embedded Payment - Revenue (US$ Million), 2020-2029
Table 29: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 30: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 31: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 32: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 33: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 34: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 35: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 36: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 37: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 38: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 39: Africa & Middle East Embedded Wealth Management - Revenue (US$ Million), 2020-2029

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