FinTech Industry Research And Analysis | TechSci Research
As consumers increasingly turn to digital methods for managing their finances, the fintech industry has been registering significant growth in recent years. The growth of e-commerce, rising smartphone penetration, and the emergence of digital payment options are contributing to the rising fintech market value. According to TechSci Research, In 2020, the global fintech market was valued at USD7301.78 billion , owing to the increasing application of mobile devices and technology-based solutions and rising investments in blockchain and big data. Growing demand for mobile banking applications that allow customers to transact online and transfer money to other users and huge investments by incumbents spurred by competition are supporting the global fintech market growth. According to some findings, the fintech industry is expected to boost economic growth by 2.2%. Higher digital financial inclusion in payments means increased fintech consumer financing and more financial freedom...