Banking As A Service (BAAS) Market Share

Market Share of Banking As A Service (BAAS) Industry

The Banking-as-a-Services market is moderately fragmented. Many companies compete for small market shares in the Banking-as-a-Service market. Businesses focus on diversifying their product offerings through product innovation to fulfill the growing demand. Moreover, with technological advancement and product innovation, domestic and international companies are increasing their market presence by securing new contracts and tapping new markets. In addition, the expansion of the Banking-as-a-Service (BaaS) industry is positively impacted by advancements in fund transaction services across the US and several emerging countries. For Instance, in October 2023, the financial technology behemoth FIS, which provides core banking, payment acceptance, and other services to banks and retailers worldwide, acquired BaaS provider Bond for an undisclosed amount. Following is a list of players that are operating in the market: Solaris SE, BNKBL Ltd, Treezor, Matchmove Pay Pte Ltd, Currency Cloud, etc.

Banking as a Service (BaaS) Market Leaders

1. Solaris SE

2. BNKBL Ltd

3. Treezor

4. Matchmove Pay Pte Ltd

5. Currency Cloud

*Disclaimer: Major Players sorted in no particular order