Over the past few years, fintech companies have become increasingly popular because they have simplified monetary transactions and wealth management. Buy Now Pay Later (BNPL) schemes have also facilitated access to easy credit, while cryptocurrency-based services have added to the diversity of transactions.
The COVID-19 pandemic has proven to be a boon for the fintech industry in the United States due to the increasing use of digital payments, growing investments in blockchain technology, and expansion of e-commerce. According to a report by Vantage Market Research, the global fintech market is expected to reach $332.50 billion by 2028, growing at a 19.8% CAGR.
