Market Insights Financial Capital Raising Digital Capital Raising

Marketplace Lending (Consumer) - Panama

Panama

Total transaction value in the MarketMarketplace Lending (Consumer) market market in Panama is forecasted to reach US$0.0 in 2024.
From a global comparison standpoint, the highest transaction value is attained the United States (US$26,720m in 2024).
The Key Market Indicators offer a glimpse into the social and economic landscape of the chosen region and offer further insights into pertinent market-specific advancements.
These indicators, combined with information from statistical bureaus, trade organizations, and enterprises, form the basis for the Statista market projections.
Panama's Marketplace Lending sector is experiencing a surge in Capital Raising activities, driven by increasing demand for alternative consumer financing options.

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

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Analyst Opinion

Marketplace lending (consumer) in Panama has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market conditions.

Customer preferences: Panamanian consumers have shown a growing preference for online lending platforms due to their convenience, transparency, and competitive interest rates. These platforms offer a streamlined application process and quick access to funds, which appeals to borrowers seeking fast and hassle-free financing options. Additionally, the ability to compare multiple loan offers in one place allows borrowers to make more informed decisions. This shift in customer preferences towards online lending has fueled the growth of the marketplace lending (consumer) market in Panama.

Trends in the market: One notable trend in the marketplace lending (consumer) market in Panama is the increasing popularity of peer-to-peer (P2P) lending platforms. These platforms connect individual lenders directly with borrowers, eliminating the need for traditional financial intermediaries. P2P lending offers borrowers more flexible loan terms and lower interest rates compared to traditional banks. This trend is driven by the desire for greater financial inclusivity and the opportunity for individuals to earn higher returns on their investments. Another trend in the market is the emergence of specialized lending platforms catering to specific consumer needs. For example, there are platforms that focus on providing loans for small businesses, education, or healthcare expenses. These niche platforms leverage their expertise in specific industries to offer tailored loan products and services, attracting borrowers who may not qualify for traditional bank loans or prefer a more personalized lending experience.

Local special circumstances: Panama's marketplace lending (consumer) market is also influenced by local special circumstances. The country has a high level of smartphone penetration and internet usage, making it easier for consumers to access online lending platforms. Additionally, Panama has a growing middle class with increasing disposable income, creating a larger pool of potential borrowers. The government has also implemented regulations to promote financial technology (fintech) innovation and facilitate the growth of the marketplace lending sector.

Underlying macroeconomic factors: The growth of the marketplace lending (consumer) market in Panama is supported by several underlying macroeconomic factors. The country has a stable economy with a favorable investment climate, attracting both domestic and foreign investors. Additionally, low interest rates and a relatively low inflation rate create a conducive environment for borrowing and lending activities. The government's commitment to financial inclusion and digital transformation further supports the development of the marketplace lending sector. In conclusion, the marketplace lending (consumer) market in Panama is experiencing significant growth due to changing customer preferences, such as the preference for online lending platforms and the popularity of P2P lending. The emergence of specialized lending platforms and local special circumstances, such as high smartphone penetration and a growing middle class, further contribute to the market's development. Favorable macroeconomic factors, including a stable economy and supportive government policies, also play a crucial role in driving the growth of the marketplace lending (consumer) market in Panama.

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.