As an impact of the pandemic in 2020, most industries across the globe witnessed a steep decline in the market. However, fintech is one of the few industries that not only survived but grew tremendously despite the COVID-19 pandemic. Digital financial solutions and apps have received overwhelming support and adaptation by people globally especially because they facilitate contactless payments.

As per the Global COVID-19 Fintech Market Rapid Assessment Study by The World Economic Forum the fintech firms, on an average, witnessed a growth of 13% in 2020 during the pandemic. Clearly, fintech makes finance uncomplicated, quick, convenient, and safe for its customers, thus, the industry is expecting to witness a further upward trajectory in 2021.

Top 6 Emerging Fintech Trends in 2021
The year 2021 is expected to witness huge changes and advances in the fintech industry considering the stiff competition among the enterprises and start-ups that are striving to get the biggest part of the market share. The fintech industry will take further steps towards developments centered around the banking and payments sectors. Though we might see several changes through the course of the year, following are the key trends that will shape the fintech industry in 2021.