Category Archives: BFSI

Growing awareness of consumer durable financial services and improving lifestyle and technological preferences of people are projected to drive the India consumer durable finance market through FY2027. According to the report released by TechSci Research, ‘India Consumer Durable Finance Market By Type (Smart Phone, Washing Machine, Refrigerator, Air Conditioner, Laptop, and Others), By City (Tier 1,… Read More »

An increase in government focus to promote small and medium enterprises, affordable loan offers, and longer repayment tenures are the factors driving the India loan against the property market. According to TechSci Research report, “India Loan Against Property Market By Property Type (Self-occupied residential property, Rented Residential property, Commercial property, Self-owned plot & Others), By Type of Loan… Read More »

Rising disposable income and increasing consumption expenditure are the leading factors to drive the global consumer finance market during the forecast period. According to TechSci Research report, “Global Consumer Finances Market By Type (Secured Consumer Finance, Unsecured Consumer Finance), By Secured Consumer Finance Product Type (Housing Loan, Auto Loan, Mortgage Loan, Others (boat loan, recreational vehicle loan, secured credit… Read More »

India Consumer Finance Market is projected to post robust growth by 2024, owing to factors such as increasing per capita income, high economic growth, rapid urbanization, and a rise in consumer spending power. Growing consumer preference towards the use of credit cards owing to the associated benefits related to it such as reward points and a… Read More »

India Digital Banking Market is expected to grow at a CAGR of over 22% during 2019-2024 owing to growing technological advancements, increasing internet penetration, and a growing number of smartphone users in India. Digital banking has made banking faster, easier, more convenient, and more efficient which drives the growth of the digital banking market in the… Read More »

India Insurance Market is expected to witness robust growth by 2024 owing to growing awareness among the population regarding the benefits of insurance either life insurance or general insurance. India consists of more than 55 insurance companies including life insurance and general insurance companies. India’s insurance industry has seen fast development amid the most recent decade… Read More »

India Banking Market is projected to grow at a double-digit CAGR during 2019-2024 owing to rising disposable income, the growing digital payment system in the country, growing bank branch networks, and the entrance of foreign banks into the Indian market. Based on bank type, the market has been segmented into the Public and Private Sectors. The… Read More »

India Real Time Payment Market is projected to witness robust growth by 2024, owing to increasing online payments and digital transactions in the country. Growing consumer preference for digital payments that are fast, secure, and reliable as compared to other modes of payment are expected to drive the growth of the Real-Time Payment market in India… Read More »

Lower transaction time, higher operational efficiency, and growing government initiatives for digital payments to increase deployment of contactless payment solutions across the globe through 2022. According to TechSci Research report, “Global Contactless Payment Market By Device Type, By Component, By Solution, By End User, By Region, Competition Forecast and Opportunities, 2012-2022”, the global contactless payment market is… Read More »

Favorable government initiatives, an increasing number of smartphone users, growing mobile internet penetration, and rising acceptance of mobile payments to drive the UAE mobile wallet market through 2022. According to the TechSci Research report, “UAE Mobile Wallet Market By Application, By End User, Competition Forecast & Opportunities, 2014 – 2022”, the mobile wallet market in the UAE is forecast… Read More »