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Stock impact report

Global Banking-as-a-Service (BaaS) Market on the Rise: Industry Report Analyzes Key Growth Trends and Major Players [Yahoo! Finance]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: Yahoo! Finance
The latest industry report detailing the significant upswing in the global Banking-as-a-Service (BaaS) market is now available, providing valuable insights into the rapidly evolving financial sector. Projected to expand from its previous valuation of $516.17 billion in 2022, the market is poised for a robust compound annual growth rate (CAGR) of 19.1%, reaching $614.62 billion in 2023. Despite global economic challenges posed by the ongoing Russia-Ukraine conflict, such as rising commodity prices and disrupted supply chains, the BaaS sector maintains a positive growth trajectory, estimated to soar to $1,231.49 billion by 2027, progressing at a consistent CAGR of 19.0%. Digital banking adoption has been identified as a critical driver fueling this market growth. Financial institutions are rapidly embracing digital platforms, with customers increasingly seeking flexible, personalized banking services. A survey conducted by MagiClick UK Ltd. in September 2021 verified this trend, no Show less Read more
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