As smartphone adoption only continues to grow, there’s been a lot going on in the world of mobile fintech over the past few years. And the pandemic has only accelerated those developments. In-person banking has become increasingly irrelevant; after all, most consumers can handle nearly all their banking and financial transaction needs on a smartphone.… Continue reading From Cashless to Cardless: Increasing Use of Digital Wallets
When we think of innovation, we often think only about the creation of new technologies that empower or enable us to do things differently than before. But digital transformation and fintech innovation best-selling author Richard Turrin sees it as something much more fundamental. For Turrin, it’s anything that improves the relationship between people and technology.
Launching a mobile app in Latin America (LATAM) requires a unique approach. While the region’s smartphone penetration continues to grow dramatically year-on-year – it’s expected to reach 75% by 2025 – 51% of the LATAM adult population have no access to formal financial services.
Mobile and finance are two underlying pillars of business — and when you combine them you get the disruptive force of fintech. The numbers are staggering. eMarketer estimates the U.S. mobile payment market increased 41% from $69.8 billion in 2018 to $98.8 billion in 2019. Those numbers have only increased as COVID-19 forced even the… Continue reading Introducing Fintech Growth Talk
Latin America is one of the regions hit hardest by the COVID-19 pandemic. In attempts to curb the spread of the virus, governments have imposed strict quarantine measures. Schools and offices have closed, curfews have been put in place, domestic and international travel has been suspended, and large gatherings of people prohibited.
In recent years, financial services in Latin America (LATAM) have undergone rapid change. Modern fintech solutions are steadily entering the region, offering faster, more secure, and more accessible alternatives to traditional forms of banking. Currently, LATAM has more than 1,166 fintechs operating, with the largest share focused on payment and remittances. In 2019 alone, these… Continue reading Three Secrets to Fintech Success in LATAM
By Rebecca Castellani As the novel coronavirus continues to impose restrictions on our day-to-day existence, financial technology has become more relevant than ever. Reporting a staggering “72% increase in the use of fintech apps in Europe,” Forbes suggests the “long-term legacy of the coronavirus will be an increasingly digital and online society.” Here’s how the COVID-19 crisis… Continue reading Coronavirus Helps Make The Case For Fintech