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Marketplace Lending (Consumer) - Malta

Malta

The total transaction value in the MarketMarketplace Lending (Consumer) market market in Malta is projected to reach US$0.0 in 2024.
From a global comparison perspective, it is shown that the highest transaction value is reached the United States ( US$26,720m in 2024).
The following Key Market Indicators give an overview of the social and economic outlook of Malta and provide additional insights into relevant market-specific developments.
These indicators, together with data from statistical offices, trade associations, and companies, serve as the foundation for the Statista market models.
Malta's Marketplace Lending sector is gaining traction in Capital Raising, attracting diverse consumer investors seeking alternative financial opportunities.

Key regions: United Kingdom, United States, China, Brazil, Australia

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Analyst Opinion

Marketplace lending (consumer) in Malta is experiencing significant growth and development. This can be attributed to a variety of factors, including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences in Malta are shifting towards alternative lending platforms due to their convenience and accessibility. Traditional banks have strict lending criteria and lengthy approval processes, which can be discouraging for consumers in need of quick and easy access to credit. Marketplace lending platforms offer a more streamlined and efficient application process, allowing borrowers to obtain funds in a shorter timeframe.

Additionally, these platforms often provide personalized loan options tailored to individual needs, giving borrowers more flexibility and choice. Trends in the market are also contributing to the growth of marketplace lending in Malta. The rise of digital technology and the increasing use of smartphones have made it easier for consumers to access and use online lending platforms.

The convenience of being able to apply for a loan from the comfort of one's own home, coupled with the ability to compare multiple loan offers, has made marketplace lending an attractive option for many Maltese consumers. Furthermore, the increasing popularity of peer-to-peer lending has created a sense of trust and transparency in the marketplace lending industry, further encouraging borrowers to seek financing through these platforms. Local special circumstances in Malta, such as a small population and limited traditional banking options, have also contributed to the growth of marketplace lending.

With a smaller pool of potential borrowers and limited competition from traditional banks, marketplace lending platforms have been able to establish a strong foothold in the Maltese market. Additionally, the relatively high interest rates charged by traditional banks in Malta have made marketplace lending a more affordable alternative for consumers in need of credit. Underlying macroeconomic factors have also played a role in the development of the marketplace lending market in Malta.

The country's strong economic growth and low unemployment rate have created a favorable environment for consumer borrowing. As individuals have more disposable income and confidence in the economy, they are more likely to seek out financing options to fund their personal expenses or investments. Marketplace lending platforms have capitalized on this demand by offering competitive interest rates and flexible loan terms.

In conclusion, the marketplace lending (consumer) market in Malta is developing rapidly due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. As more consumers in Malta seek convenient and accessible lending options, marketplace lending platforms are well-positioned to continue their growth and expansion in the market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.