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Latin America Financial Services Market Is Expected to Witness a Positive Growth Trajectory During 2023-2028, With Boom in Fintech and Arrival of Global Players in the Region

El estudio de Informes de Expertos recién publicado con el título de ‘Mercado de Servicios Financieros en America Latina, Informe y Pronóstico 2023-2028′, es un informe que ofrece la información del mercado objetivo en profundidad examinando positivamente las perspectivas del mercado y los aspectos de la industria basados sobre segmentos como tipo, aplicación, y las regiones clave. Además, el informe analiza el mercado basándose en los modelos de las cinco fuerzas de Porter y el análisis de FODA junto con las limitaciones y la rivalidad que plantea el mercado entre los actores clave. El informe también abarca los indicadores de precios y los actores del mercado, demostrando los impactos en la dinámica y el panorama del mercado.

The new report by Informes de Expertos titled, ‘Latin America Financial Services Market 2023-2028’ , is a report that offers in-depth target market information by positively examining the market outlook and industry aspects based on segments like type, application, and key regions. Furthermore, the report analyzes the market based on Porter’s Five Forces models and SWOT analysis along with the constraints and rivalry posed by the market among the key players. The report also covers the price indicators and market players, demonstrating the impacts on the market dynamics and landscape.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 9,2%

América Latina ha emergido como un mercado de rápido crecimiento para los servicios financieros y bancarios en todo el mundo, presentando oportunidades favorables para los principales bancos. Esto se debe principalmente al nivel relativamente bajo de penetración bancaria en la región. El auge de las comunicaciones móviles ha contribuido aún más al desarrollo financiero y tecnológico de la región.

Ha habido un aumento significativo en la titularidad de cuentas, con Argentina mostrando una estadística notable, donde el 73,75% de la población femenina de 15 años o más tiene acceso a cuentas bancarias a través de instituciones financieras o proveedores de servicios de dinero móvil. Asimismo, en 2021, Brasil registró una tasa de titularidad de cuenta del 80,87%. Además, América Latina ha sido testigo de una proliferación de empresas fintech, con Brasil a la cabeza con el mayor número de plataformas fintech con un 31 %, seguido de México, Colombia, Argentina y Chile. Además, México representó el 21%, mientras que Colombia y Argentina representaron el 11% y Chile el 7% en 2021. Con un crecimiento significativo en los mercados regionales, se proyecta que el mercado objetivo crezca posteriormente.

Read Full Report with Table of Contents – https://www.informesdeexpertos.com/informes/mercado-de-servicios-financieros-en-america-latina

Industry Definition and Major Segments

Financial services encompass a range of services provided by the financial industry, including credit and investment management, as well as the provision of financial products like loans, mortgages, savings accounts, and insurance policies. These services also play a crucial role in helping clients manage risks associated with investments and loans, offering a diverse array of financial products and services to assist individuals in achieving their financial objectives.

By type, the market is segmented into:

• Investment Services
• Currency exchange
• Banking Services
• insurance
• Others

On the basis of applications, the report segments the market into:

• B2B
• B2C

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Chile
• Colombia
• Others

Market Trends

The arrival of global players has tremendously contributed to the growth of both retail and wholesale banking in Latin America. The financial services market in the region is experiencing a boost, driven by the expansion of the capital market and the increasing presence of retail banking. This trend is narrowing the gap between banks and consumers and attracting new market participants. With a focus on consumer financing and mortgages, retail banking is expected to continue driving growth.

In Latin America, fintech startups have witnessed a twofold increase in their revenues, with the pandemic serving as a catalyst for their growth. The crisis has brought forth new opportunities within the entrepreneurial ecosystem, propelling the digital transformation of the financial services sector. Fintech solutions have gained traction as financial institutions embrace them and invest in infrastructure. This shift has resulted in greater financial literacy and a shift towards contactless payments, microloans, and cryptocurrencies. Investors are now pouring significant investments into these countries, recognizing the positive market growth potential in the financial services sector driven by factors such as urbanization, smartphone penetration, and the expanding unbanked population.

Key Market Players

The main key players in the market are:

• JPMorgan Chase & Co.
• Citigroup, Inc.
• Itaú Unibanco Holding SA
• Banco Santander S.A
• AB Volvo (Volvo Financial Services)
• Banco Bradesco SA
• Grupo Financiero BBVA México SA de CV
• Grupo Financiero Banorte
• Others

The report by IDE covers company profiles and provides information on product portfolio, expansions, investments, mergers and acquisitions, along with their latest developments.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

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Email: sales@informesdeexpertos.com
Toll Free Number: +1 (818) 319-4060
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Website: https://www.informesdeexpertos.com/

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.