Global Digital Lending Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts -

DUBLIN--()--The "Digital Lending Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to's offering.

The Digital Lending Market was valued at USD 311.06 billion in 2020 and is expected to reach USD 587.27 billion by 2026 and register a CAGR of approximately 11.9% during the forecast period (2021 - 2026).

Companies Mentioned

  • Spot Cap
  • Asia Kredit Holding
  • Finastra
  • Oriente
  • Provident Bank (Provident Financial Services Inc.)
  • Ferratum Oyj
  • International Personal Finance PLC(IPF)
  • Klarna Bank AB
  • Kaspi Bank JSC
  • CAN Capital Inc.
  • Lendingtree Inc.
  • Kabbage Inc.
  • Kiva Microfunds
  • Upstart Network Inc.
  • Social Finance Inc. (SoFi)
  • Funding Circle Limited (Funding Circle Holdings PLC)
  • World Business Lenders
  • Prosper Marketplace Inc.
  • On Deck Capital Inc.
  • LendInvest Limited
  • LendingClub Corp.
  • Zopa Limited

Key Market Trends

Increasing Number of Potential Loan Purchasers with "Digital Behavior"

  • The latest "Expectations & Experiences consumer trends" survey from Fiserv, Inc. a leading global provider of financial services technology solutions, states that almost two thirds of people who have applied for loans in the past two years now do so either partially or fully online, representing a significant increase from 2018. A major portion of this growth is due to increasing usage of smartphone and tablet.
  • Millennials who have a few years of work experience and no credit history (or the new-to-credit segment) find that their loans are either not approved, or come at high rates of interest. Moreover, in traditional banks, the "time to decision" for small businesses and corporate lending averages between three and five weeks; Average "time to cash" is nearly three months. Such challenges are driving the "digital behavior" of customers who are turning to mobile devices in order to access the digital lending applications.
  • The increase in digital behavior is also augmented by government regulations. For instance, in September 2020, Thailand's central bank published new measures for the growing digital personal loan market. It also recommended that loan providers apply more digital technology for operational processes such as loan offering, debt repayment, and information disclosure, such as interest rates, fees, and penalties.

Asia-pacific is Dominate the Market

  • China's online lending sector has seen rapid growth in the past decade owing to lack of significant regulations, which has led to an increase in the number of players in the market studied. However, after the first sign of turmoil in 2015 when Ezubao, one of the largest lenders at the time with 900,000 investors, was brought down for fraudulent transactons, China's regulators began to impose increasingly strict policies, which included the appointment of a custodian bank, full disclosure on the use of investments, and caps on the maximum lending amounts that may be extended to individuals (CNY 1 million) and companies (CNY 5 million).
  • The rapid adoption of smartphones, internet access, and a shift toward consumerism in India helped fuel the growth of digital lending enterprises. There are currently 338 online lending start-ups in India that are trying to reduce the gap between lender and creditor through a seamless process.
  • Moreover, the government of Japan is launching programs to inculcate cashless behaviors in citizens. The government launched an initiative to increase cashless payments to 40% by 2025. With the increase of the consumption tax from 8% to 10% on October 1, 2019, several discount schemes were implemented, which has subsidizing the installation of cashless payment terminals for merchants and providing 2% or 5% discounts for consumers, when purchasing from registered SMEs or franchise stores.

Key Topics Covered:





4.1 Market Overview

4.2 Industry Stakeholder Analysis

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.4 Important Touchpoints of Potential Loan Purchasers

4.5 Market Drivers

4.5.1 Increasing Number of Potential Loan Purchasers with Digital Behavior

4.6 Market Challenges

4.6.1 Privacy and Security Issues

4.7 Impact of COVID-19 on the Digital Lending and Allied Markets


5.1 Type

5.1.1 Business

5.1.2 Consumer

5.2 Geography

5.2.1 North America United States Canada

5.2.2 Europe United kingdom Germany France Rest of Europe

5.2.3 Asia-Pacific China India Japan Rest of Asia-Pacific

5.2.4 Rest of the Worl


6.1 Company Profiles



For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900