Report overview
Transaction Banking (TB) can be defined as the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g.trade), monetary flows (e.g., cash), or commercial papers (e.g., exchanges). TB allows banks to maintain close relationship with their corporate clients so banks don?t want to be dis-intermediated by other players.
Transaction Banking division of a bank typically provides commercial banking products and services for both corporates and financial institutions, including domestic and cross-border payments, risk mitigation, international trade finance as well as trust, agency, depositary, custody and related services. It comprises the Cash Management, Trade Finance and Trust & Securities Services businesses. Although instant some business banking depending on 3rd party 3-5 working days others over 10 working days.
A number of global trends are leading to a renewed focus on the transaction banking sector. These trends include the globalization of trade, the increasing importance of liquidity management and a heightened emphasis on securing relationships in a world where both competition and clients are becoming more global and sophisticated. Transaction banking is also particularly attractive in the current economic context because it often has relatively low regulatory capital requirements.
This report contains market size and forecasts of Transactional Banking in Global, including the following market information:
Global Transactional Banking Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Transactional Banking market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Trade Finance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Transactional Banking include Standard Chartered Bank, CitiBank, HSBC, Cr?dit Agricole, BNP Paribas, DBS Bank, Societe Generale, Goldman Sachs Group and Westpac Banking, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Transactional Banking companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Transactional Banking Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Transactional Banking Market Segment Percentages, by Type, 2021 (%)
Trade Finance
Cash Management
Trust & Securities Services
Others
Global Transactional Banking Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Transactional Banking Market Segment Percentages, by Application, 2021 (%)
Corporate
Financial Institution
Individuals
Government
Global Transactional Banking Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Transactional Banking Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Transactional Banking revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Transactional Banking revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Standard Chartered Bank
CitiBank
HSBC
Cr?dit Agricole
BNP Paribas
DBS Bank
Societe Generale
Goldman Sachs Group
Westpac Banking
BBVA
AmBank Group
MUFG
Arab Banking Corporation
Banco Santander
Bank of New Zealand
FirstRand
ICICI Bank
