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The COVID-19 pandemic has given the global fintech market a boost, with firms in areas including digital custody, digital asset exchange, digital savings, wealthtech and digital payments recording above-average increases in transaction volume in H1 2020, according to a joint study by the World Bank, the Cambridge Centre for Alternative Finance at the University of Cambridge’s Judge Business School, and World Economic Forum.
The 2020 Global COVID-19 Fintech Market Rapid Assessment Study, released on December 3, shares findings from a survey of 1,385 fintech firms operating in 169 countries.
The research found that across 13 fintech verticals, only digital lending saw a contraction in H1 2020, recording a drop of 8% in transaction volume and numbers of transactions, as well as a 6% decrease in the number of new loans issued. ....

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