Over the years, Fintech has grown up and grown out. From being just a back-office support function in banks to becoming a basic requirement for all businesses today, Fintech has evolved and has been rapidly adopted worldwide. According to the Global Fintech Adoption Index, the adoption of Fintech doubled every two years in the last decade. From 2015 to 2019, the Fintech industry grew from 16% to 64%. When the Global Pandemic cast a doom in 2020, the adoption of Fintech accelerated even more than before. During the pandemic, Fintech helped businesses and users to rapidly migrate to digital payments. In a way, the pandemic accelerated the adoption and growth of an already rapidly growing Fintech industry. Today, the Fintech industry is no longer constituted of startups but is a host of seasoned companies, operating on a global stage and offering a wide spectrum of financial services.
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