Revenues will increase 600% to $1.5trn in 2030
IN BRIEF:
This is according to a new report from Boston Consulting Group (BCG) and QED Investors
FinTech currently occupies a 2% share of the $12.5trn revenue recorded by global financial services which is set to increase to 7% by 2030
Asia-Pacific will outpace the US and Europe to become the world’s largest FinTech market
What does this mean?
“The fintech journey is still in its early stages and will continue to revolutionize the financial services industry as we know it,” says Deepak Goyal, BCG managing director and senior partner and co-author of the report. “Customer experience remains poor. More than half the world’s population remains unbanked or underbanked, and technology continues to unlock new use cases in leaps and bounds.”
