GITNUX MARKETDATA REPORT 2024

Must-Know Fintech Industry Statistics [Latest Report]

With sources from: grandviewresearch.com, qz.com, cbinsights.com, ey.com and many more

In this post, we will explore a comprehensive set of statistics detailing the evolving landscape of the fintech industry. From global investment figures to regional adoption rates, these data points shed light on the current trends and future prospects within the financial technology sector. Let’s dive into the numbers that are shaping the future of finance.

Statistic 1

"The total fintech investments reached $105.3 billion across 2876 deals in 2020 globally."

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Statistic 2

"Up to 88% of global banks fear that they could lose revenue to fintech firms, with a projected $280 billion at risk by 2025."

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Statistic 3

"96% of global consumers are aware of at least one money transfer and payment fintech service."

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Statistic 4

"As of January 2021, there were 257 private fintech unicorns (companies valued at $1B+) globally."

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Statistic 5

"The USA has the highest adoption rate of Fintech services (46%), followed by India and China."

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Statistic 6

"The millennial (aged 25-34 years) are the most likely age group to use fintech services, with a 48% adoption rate globally."

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Statistic 7

"Over 50% of digital banking users will use robo-advisory services and 30% will use chatbots by 2022."

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Statistic 8

"As of 2021, the global blockchain technology market size in the banking sector was valued at $1.9 billion."

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Statistic 9

"The global mobile payment market size was valued at $1.48 trillion in 2019, and projected to reach $12.06 trillion by 2027."

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Statistic 10

"52% of fintech leaders across the globe predict digital currencies will replace fiat currencies within the next 5 to 10 years."

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Statistic 11

"Spain is the leading country in Europe in terms of fintech adoption with a rate of 71%."

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Statistic 12

"In 2019, approximately 90% of fintech businesses in Africa focused on payment and money transfer services."

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Statistic 13

"By 2022, it is predicted that fintech companies will have a higher share in personal loans as compared to banks in the U.S."

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Statistic 14

"More than 25% of Southeast Asia’s fintech funding in 2018 went to Singapore."

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Interpretation

The statistics presented showcase the rapid growth and transformative potential of the fintech industry on a global scale. From substantial investments and looming revenue shifts in traditional banking to high consumer awareness and adoption rates of fintech services, it is evident that fintech is reshaping the financial landscape. With the rise of digital currencies, blockchain technology, and mobile payments, coupled with changing consumer preferences and expectations, fintech companies are poised to become dominant players in various financial sectors. The data also highlight regional disparities in fintech adoption, with countries like the USA, India, and Spain emerging as leaders in embracing innovative financial technologies. As the industry continues to evolve, collaborations, regulatory adaptations, and technological advancements will be key in navigating the increasingly competitive fintech landscape.

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