The "Thailand Embedded Finance Business and Investment Opportunities Databook - 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

Embedded Finance industry in Thailand is expected to grow by 42.9% on annual basis to reach US$ 1.95 billion in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 30.5% during 2024-2029. The embedded finance revenues in the country will increase from US$ 1.95 billion in 2024 to reach US$ 7.42 billion by 2029.

Thailand's embedded finance market is poised for significant growth, driven by rising smartphone penetration, a robust digital infrastructure, and supportive regulatory policies. Embedded finance integrates financial services like payments, lending, or insurance directly into non-financial platforms. This seamless integration enhances user experience by offering convenient and personalized financial solutions within familiar ecosystems. Thailand, with its tech-savvy population and growing e-commerce sector, presents a fertile ground for embedded finance to flourish.

Major Innovation and Deals of Thailand Embedded Finance Market:

In 2023, NEC Corporation has introduced three modern digital finance solutions that aim to enable the financial industry in Thailand to cope with fintech challenges. The offering comprises Wealth Management Solutions, a Sales Engagement Module, and a Universal Lending Platform. Collaborating with Avaloq, a subsidiary of NEC specializing in wealth management technology, and BlackRock, a fintech provider, NEC created a dashboard that enhances asset management efficiency. This dashboard includes risk level assessments, empowering customers to make well-informed portfolio decisions based on return estimates.

HSBC announced a memorandum of understanding (MoU) with the Thai Fintech Association to help further engage the next generation of Thai tech unicorns. It also announced a new white paper on how corporate treasury can navigate the dynamic payments landscape.

Mambu, the software as a service (SaaS) cloud banking platform, unveiled new research that reveals over a quarter (26 per cent) of Gen Z Muslims solely use Islamic banking, though 85 per cent of them are interested in banking with a financial institution that offers Shariah-compliant products, an increase from 2021.

Digital public infrastructure PlatON also showcased its latest advancements in deposit tokenization technology to a global audience through its Web3 payment solutions, including TOPOS MINT, a blockchain-based professional tokenized deposit issuance system, TOPOS RemiNet, a DEX-based open remittance network, and TOPOS, an on-chain payment acquiring product.

In Oct 2023, Ascend Money becomes Thailand's first FinTech unicorn following $150m funding round. The fresh capital infusion will be directed towards expanding the user base of its e-wallet application, TrueMoney Wallet, and advancing digital financial services, encompassing digital lending, digital investments, and cross-border remittances across Southeast Asia. Ascend Money's primary mission is to drive regional financial access and inclusion.

Key Players of Thailand Embedded Finance Market:

Fintech Companies: Fintech startups like Grab and LINE are leading the charge in Thailand's embedded finance space. Grab offers financial services like payments and microloans within its ride-hailing and food delivery app, while LINE Pay facilitates seamless transactions within the popular messaging platform.

Traditional Banks: Banks in Thailand are recognizing the potential of embedded finance and are partnering with non-financial platforms to offer co-branded financial products and services.

Technology Providers: Technology companies are playing a vital role in developing the infrastructure and APIs necessary for seamless embedded finance integration.

Scope

Thailand Embedded Finance Market Size and Forecast

Embedded Finance by Key Sectors

• Retail
• Logistics
• Telecommunications
• Manufacturing
• Consumer Health
• Others

Embedded Finance by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Finance by Distribution Model

• Own Platforms
• Third Party Platforms

Thailand Embedded Insurance Market Size and Forecast

Embedded Insurance by Industry

• Embedded Insurance in Consumer Products
• Embedded Insurance in Travel & Hospitality
• Embedded Insurance in Automotive
• Embedded Insurance in Healthcare
• Embedded Insurance in Real Estate
• Embedded Insurance in Transport & Logistics
• Embedded Insurance in Others

Embedded Insurance by Consumer Segments

• B2B
• B2C

Embedded Insurance by Type of Offering

• Embedded Insurance in Product Segment
• Embedded Insurance in Service Segment

Embedded Insurance by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Insurance by Distribution Model

• Own Platforms
• Third Party Platforms

Embedded Insurance by Distribution Channel

• Embedded Sales
• Bancassurance
• Broker's/IFA's
• Tied Agents

Embedded Insurance by Insurance Type

• Embedded Insurance in Life Segment
• Embedded Insurance in Non-Life Segment

Embedded Insurance in Non-Life Segment

• Motor Vehicle
• Fire and Property
• Accident and Health
• General Liability
• Marine, Aviation and other Transport
• Other

Thailand Embedded Lending Market Size and Forecast

Embedded Lending by Consumer Segments

• Business Lending
• Retail Lending

Embedded Lending by B2B Sectors

• Embedded Lending in Retail & Consumer Goods
• Embedded Lending in IT & Software Services
• Embedded Lending in Media, Entertainment & Leisure
• Embedded Lending in Manufacturing & Distribution
• Embedded Lending in Real Estate
• Embedded Lending in Other

Embedded Lending by B2C Sectors

• Embedded Lending in Retail Shopping
• Embedded Lending in Home Improvement
• Embedded Lending in Leisure & Entertainment
• Embedded Lending in Healthcare and Wellness
• Embedded Lending in Other

Embedded Lending by Type

• BNPL Lending
• POS Lending
• Personal Loans

Embedded Lending by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Lending by Distribution Model

• Own Platforms
• Third Party Platforms

Thailand Embedded Payment Market Size and Forecast

Embedded Payment by Consumer Segments

• B2B
• B2C

Embedded Payment by End-Use Sector

• Embedded Payment in Retail & Consumer Goods
• Embedded Payment in Digital Products & Services
• Embedded Payment in Utility Bill Payment
• Embedded Payment in Travel & Hospitality
• Embedded Payment in Leisure & Entertainment
• Embedded Payment in Health & Wellness
• Embedded Payment in Office Supplies & Equipment
• Embedded Payment in Other

Embedded Payment by Business Model

• Platforms
• Enabler
• Regulatory Entity

Embedded Payment by Distribution Model

• Own Platforms
• Third Party Platforms

Thailand Embedded Wealth Management Market Size and Forecast

Thailand Asset Based Finance Management Industry Market Size and Forecast

Asset Based Finance by Type of Asset

• Hard Assets
• Soft Assets

Asset Based Finance by End Users

• SME's
• Large Enterprises

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