Key players PayPal, Mastercard, SoFi Technologies and more deliver 17.4% annual growth

DUBLIN, 30 November 2022 /PRNewswire/ — “Asia Pacific Fintech-as-a-Service Market Size, Share & Industry Trends Analysis Report By Technology (Blockchain, API, Artificial Intelligence, RPA), By End Use, By Type, By Application, By Country and Growth Forecast , 2022 – 2028” report has been added ResearchAndMarkets.com’s Offering.

The Asia Pacific Fintech-as-a-Service market is expected to witness a market growth of 17.4% CAGR during the forecast period (2022-2028).

The debut of ARDEN in May 2022 was announced by Brightwell Payments, a company that offers financial solutions to send money securely anywhere in the world. AI-powered risk detection technology helps fintech organizations protect cardholders’ personal information and financial assets. Around the world, banks are adopting AI-enabled security solutions, and AI is giving banks the advantage of digitization.

It also enables them to interact with other fintech companies. Financial institutions offer apps that require UPI, a fingerprint or facial recognition. One of the most popular digital payment systems in India is called UPI and it was designed to allow fast payment processing. Financial institutions use artificial intelligence to manage and analyze data from many sources to produce critical insights. Banks can use these creative solutions to overcome difficulties they face when providing services such as loan management and payment processing.

Numerous banking applications provide tailored financial guidance to help users achieve their financial goals, monitor income and expenses, and perform other financial tasks. Advances in finance driven by AI are mostly to blame for this adaptation. Financial services are using AI to protect the private data of their customers. AI is critical to preventing fraud situations by rapidly reviewing large algorithms.

AI can also help with the study of consumer data for people whose credit history is already broken or who have none at all. Peer-to-peer (P2P) companies evaluate the behavior of potential customers and weigh the risks of doing business with them. Companies are using Fintech-as-a-Service more and more to streamline operations and increase productivity. Numerous businesses are now adopting FaaS for two strong reasons: customer satisfaction and customer retention.

The developed metropolis of Hong Kong has a high proportion of internet and mobile phone access, which provides a strong foundation for the city’s fintech ecosystem. According to Invest Hong Kong, there are 600 startups and fintech companies in the country. Likewise, 86 percent of regional banks already use or intend to use fintech solutions for all financial services. The city is among the top five developed markets in the world for consumer fintech adoption. Hong Kong’s fintech companies have crossed over 1.1 billion dollars in venture capital since 2014. Insurtech, blockchain, data analytics, Know Your Customer (KYC) and digital identification tools, wealth technology, digital payments, securities settlement and other fintech opportunities abound Hong Kong.

The China the market dominated the Asia Pacific Fintech-as-a-Service Market by country in 2021, and is expected to continue to be a dominant market until 2028; thereby achieving a market value of $55,697.9 million by 2028. The Japan the market is estimated to grow at a CAGR of 16.7% during (2022 – 2028). In addition, The India the market is expected to experience a CAGR of 18.1% during (2022 – 2028).

Scope of the study
Market segments covered in the report:
Of technology

• Blockchain
• API
• Artificial intelligence
• RPA
• Second

At end use

• Insurance
• Bank
• Financial loan companies
• Second

By type

• payment
• Transfer of funds
• Borrow
• Second

Upon application

• Compliance and regulatory support
• KYC verification
• Fraud monitoring
• Second

By country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• The rest of Asia Pacific

Important market players

• PayPal Holdings, Inc.
• Mastercard, Inc.
• Upstart Network, Inc.
• Block, Inc.
• Envestnet, Inc.
• SoFi Technologies, Inc.
• Rapyd Financial Network Ltd.
• Solid Financial Technologies, Inc.
• Synctera Inc.
• Railsbank Technology Ltd. (Railsr)

Key topics covered:

Chapter 1. Market scope and methodology

Chapter 2. Market overview

Chapter 3. Competitive analysis – Global

Chapter 4. Asia Pacific Fintech-as-a-Service Market by Technology

Chapter 5. Asia Pacific Fintech-as-a-Service Market by End Use

Chapter 6. Asia Pacific Fintech-as-a-Service Market by Type

Chapter 7. Asia Pacific Fintech-as-a-Service Market by Application

Chapter 8. Asia Pacific Fintech-as-a-Service Market by Country

Chapter 9. Company profiles

For more information on this report visit

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