The global fintech market size was USD 100.09 Billion in 2020 and is expected to register a revenue CAGR of 8.5% during the forecast period. Major factors driving market revenue growth are rising demand for smartphones, rising investment by private investors in fintech companies, increasing use of the Internet for a range of operations and functions, and increasing disposable income among consumers in developing countries. Fintech or financial technology is a combination of financial solutions and advanced technology.
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