FinTech in 2021: Top predictions and trends

 The landscape of FinTech is changing at a lightning speed. With each passing day, we are encountering a radical change in the FinTech industry. These transformations are important as they impact everything related to payments, money, and banking.




We experience many of these FinTech transformations on the daily basis like when we withdraw money from ATM, use virtual cards, transfer money through mobile payment, make payments via digital wallets, and many more. Moreover, with the introduction of cutting-edge technologies, the horizon of FinTech is expanding more rapidly than ever.

When the COVID-19 pandemic hit the world, the majority of the businesses declined. There were only a few businesses which showed the upward trend and FinTech industry was one of them.

The pandemic caused a huge surge in the FinTech market as both businesses and consumers started to utilize contactless payment methods. Moreover, in the banking sector, agency banking became rampant during COVID-19.


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