Global Fintech Market Assessment, By Deployment Mode [On-Premises, Cloud], By Technology [Application Programming Interface (API), Artificial Intelligence (AI), Block Chain, Robotic Process Automation, Data Analytics, Others], By Application [Payment and Funds Transfer, Loans, Wealth Management, Insurance & Personal Finance, Others], By End User [Banking, Insurance, Securities, Others], By Region, Opportunities and Forecast, 2018 - 2032F

The global fintech market size of primarily fintech companies only was estimated at USD 133.96 billion in 2024 and will reach USD 412.65 billion in 2032, growing at a CAGR of 15.1% between 2025 and 2032. The increasing internet penetration and smartphone ownership throughout the world, as well as growing acceptance of digitized currencies are driving the growth of global fintech market. Financial technology (Fintech) is the application of new technological breakthroughs to financial products and services with the goal of improving and automating the delivery and usage of financial services. Multiple factors are contributing to the growth of global fintech market such as increasing demand of online payment methods, introduction of wide range of digital payment options, technological innovations, increasing partnerships and government schemes.

Insurtech, regtech, payment services and other varieties of fintech business models have evolved in the recent years, each utilising cutting-edge technology specialised to certain tasks or industries. The FinTech industry's technological component is continuously expanding. Blockchain, Application Programming Interface (API), robotic process automation, data analytics and other technologies are rapidly being used to enable increased agility, efficiency and accuracy.

Wide Range of Digital Payment Options

Financial accessibility increased during the pandemic, resulting in the growth of digital payments and development of basic financial institutions around the globe. Novel payment methods such as cash replacement, request to pay; buy now, pay later (BNPL) and digital currencies services have all generated new opportunities for the growth of FinTech industry.

Increasing Number of Women-Centric Fintech Startups

The rise is the number of women-centric fintech startups is essential for bridging the long-standing gaps in financial inclusion. Additionally, by focusing on financial innovations that address the requirements of the female population, the fintech companies is able to tap into the significantly under-approached customer base and strengthen their market position. Furthermore, the increasing efforts of various government organizations and startup incubators to promote women-centric fintech startups is also providing lucrative growth opportunities to the market. In order to support women-centric fintech startups in India, IIMA Ventures and the Reserve Bank Innovation Hub launched Swanari TechSprint 3.0 in January 2025. This initiative provides a platform to fintech professionals for scaling and developing financial solutions that specifically cater to the unique requirements of women. Thus, bolstering the market’s demand.

Technological Innovations in Financial Services

Computing power, cryptography, big data, advancement in AI, investments in blockchain & cryptocurrency, improved mobile access and increasing internet speed are creating new applications in several areas of the financial business. Few examples of technological innovations are novel ways of loan extension, investment advice, insurance pricing, and more broadly, how money is transferred from savers/investors to borrower.

Government schemes

Governments around the world are increasingly recognizing the importance of fintech for their economies and are implementing various schemes and incentives to support the growth of fintech industry. Tax incentives, grant programs, innovation hubs and talent development programs are being introduced by governments. Policymakers around the world are developing "regulatory sandboxes" to encourage finance industry innovation while keeping an eye out for potential threats. Regulatory sandboxes allow fintech companies to test innovative products and services in a controlled environment. This helps in reducing the time and costs associated with regulatory compliance.

Impact of COVID-19 on Global Fintech Market

The pandemic accelerated the adoption of digital payment solutions and other fintech services as more consumers and businesses have shifted to online transactions. This led to increased demand for fintech products and services such as digital payments, online lending, and digital banking. Between January and June 2020, worldwide retail e-commerce traffic climbed by 35.5%. Many fintech startups have struggled to secure funding, as investors have become more cautious. Additionally, some fintech companies that were heavily reliant on travel and hospitality sectors hit hard by the pandemic have faced significant challenges. More people invested in Bitcoin and other cryptocurrencies when almost entire globe was under lockdown. This year 2020 Forbes Fintech 50 list included nine fintech startups that were focused on blockchain and cryptocurrencies.

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Impact of Russia-Ukraine War on Global Fintech Market

The conflict between Russia and Ukraine has led to economic sanctions and geopolitical instability which resulted in a slowdown in fintech investments. Due to geopolitical tensions, few international investors became cautious about investing in these markets, leading to a decline in venture capital funding for fintech startups. The war between Russia and Ukraine has had a detrimental effect on the US, EU, Eastern European, Eastern, and Central Asian fintech sectors as well.

Report Scope

"Global Fintech Market Assessment, Opportunities and Forecast, 2018 - 2032F,” is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the global fintech market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, opportunities and forecast between 2025 and 2032. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year for Analysis	2024
Historical Period	2018-2023
Forecast Period	2025-2032
Market Size in 2024	USD 133.96 Billion
Projected Growth Rate	CAGR of 15.1% between 2025 and 2032
Revenue Forecast in 2032	USD 412.65 Billion
Units	Revenue in USD Billion
Segments Covered	By Deployment Mode By Technology By Application By End User By Region
Regions Covered	North America Asia-Pacific Europe South America Middle East & Africa
Key Companies Profiled	PayPal Holdings Inc., Block Inc., Coinbase Global, Inc., Stripe, Inc., One97 Communications Ltd., Envestnet Inc., Nexi S.p.A., Klarna Bank AB, Lufax Holding Ltd, Paysafe Holdings Limited.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs.
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/PDF format on special request).

 

In this report, Global Fintech Market has been segmented into following categories:

1. Global Fintech Market, By Deployment Mode
   • On-Premises
   • Cloud
2. Global Fintech Market, By Technology
   • Application Programming Interface (API)
   • Artificial Intelligence (AI)
   • Block Chain
   • Robotic Process Automation
   • Data Analytics
   • Others
3. Global Fintech Market, By Application
   • Payment and Funds Transfer
   • Loans
   • Wealth Management
   • Insurance & Personal Finance
   • Others
4. Global Fintech Market, By End User
   • Banking
   • Insurance
   • Securities
   • Others
5. Global Fintech Market, By Region
   • North America
   • Asia-Pacific
   • Europe
   • South America
   • Middle East & Africa

Key Player Landscape and Outlook

In the recent years, fintech companies are adopting cutting-edge solutions and forming new partnerships to expand their market. For instance, Ria Money Transfer collaborated with Paytm Payments Bank in September 2021 to facilitate real-time international transfers into Paytm's mobile wallet.

Key Players Operating in Global Fintech Market

• PayPal Holdings Inc.
• Block Inc.
• Coinbase Global Inc.
• Stripe, Inc.
• One97 Communications Ltd.
• Envestnet Inc.
• Nexi S.p.A.
• Klarna Bank AB
• Lufax Holding Ltd
• Paysafe Holdings Limited

 

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