Dublin, May 30, 2022 (GLOBE NEWSWIRE) -- The "Egypt Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2022 Update" report has been added to ResearchAndMarkets.com's offering.

The Embedded Finance industry in the country is expected to grow by 64.1% on annual basis to reach US$849.9 million in 2022.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 37.0% during 2022-2029. The embedded finance revenues in the country will increase from US$849.9 million in 2022 to reach US$4,689.8 million by 2029.

The embedded insurance industry is still in its nascent stages of development in the country. With only a few players operating in the sector, the publisher expects an increasing number of start-ups to emerge in the embedded insurance industry in Egypt over the next four to eight quarters.

Growing support from the Egyptian government to promote the growth of insurtech in the country is expected to drive the market growth. Over the last few quarters, new-age insurtech firms in the country primarily supported the Egyptian insurance market, with these insurtech firms aiming to improve the customer experience and overall satisfaction.

The publisher anticipates an uptick in investments in the Egyptian embedded insurance industry over the next four to six quarters. Significant growth in fundraising activities by insurtech firms in Egypt is expected to promote the development of embedded insurance firms as well. Overseas insurtech firms are also eyeing to expand their services in Egypt to capitalize on the growing Egyptian market.

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The country is witnessing a spike in the number of start-ups in the embedded lending industry. Moreover, a favorable regulatory environment is expected to further propel the number of start-ups in the next four to six quarters. Egypt has a large unbanked population, making the lending process lengthy for gig workers and small businesses.

The new-age start-ups are strategizing to tap the unbanked population and small businesses in the country and provide the segment with easy and quick lending options. To offer improved embedded lending options, start-ups have been raising funds in recent years.

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Moreover, the embedded payment market is spurred by the collaborative efforts of the Egyptian government, the Central Bank of Egypt (CBE), and other stakeholders to enhance payment systems and transform Egypt into a cashless economy.

The country has several diverse factors driving the market growth, including a vast economy, a young population, and an abundant skilled workforce. As a result, Egypt has enormous potential to grow its embedded payment industry in the next four to six quarters.

Furthermore, the growth of embedded payments across the e-commerce sector has also been witnessed in the last four to six quarters. Market players in the e-commerce industry are increasingly offering embedded payment solutions to their customers, resulting in propelling market growth.

This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.

Scope

This report provides in-depth, data-centric analysis of Embedded Finance industry in Egypt. Below is a summary of key market segments:

Egypt Embedded Finance Market Size and Forecast

Egypt Embedded Lending Market Size and Forecast

Embedded Lending by Consumer Segments, 2020 - 2029

Embedded Lending by B2B Sectors, 2020 - 2029

Embedded Lending by B2C Sectors, 2020 - 2029

Egypt Embedded Insurance Market Size and Forecast

Embedded Insurance by Industry, 2020 - 2029

Embedded Insurance by Insurance Type, 2020 - 2029

Embedded Insurance by Type of Offering, 2020 - 2029

Egypt Embedded Payment Market Size and Forecast

Embedded Payment by Consumer Segments, 2020 - 2029

Embedded Payment by End-Use Sector, 2020 - 2029

Egypt Embedded Wealth Management Market Size and Forecast



For more information about this report visit https://www.researchandmarkets.com/r/nc84wl