FinTech use in Europe rises 72%

March 31, 2020 | FinTech

Written by FinTech Alliance

FinTech use in Europe rises 72%

The use of FinTech apps has risen by 72% in Europe due to Coronavirus.

In Brief:

  • This is according to new research by deVere Group.

  • Forbes reports that gold purchasing app Glint Pay has seen a 718% increase in traffic.

  • Strong use has been seen in banking apps across the Middle East and Asia too.

What does this mean?

DeVere Group says this increase has come as people get used to living in lockdown in various countries. It could also be a strong indication that coronavirus is forcing people to adapt even more to digital solutions which could continue once the crisis is resolved – the organisation has also pointed to increased use of platforms like Zoom transforming the way we work.

Read more here.

 

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