The embedded finance market projected to reach over $320 billion in revenue by 2030, said a report by QED Investors and Boston Consulting Group (BCG). The report highlighted the growth in real-time payments in India. The number of monthly real-time payments has grown by five times in the last three years, from 2.6 billion to 13.3 billion. Enterprise segmentThe enterprise segment of embedded finance is expected to grow to a $50 billion revenue market, with horizontal software increasingly integrating payments, lending, and trade to address persistent issues in accounts payable and receivable. Despite advancements, global fintech valuations have plummeted from 20 times revenue to four times on average, with funding down 70%, and nearly 50% in the past year, according to the Boston Consulting Group.

Source: The Hindu June 27, 2024 04:06 UTC