Payments are very lucrative for the banks and card schemes that make them possible. By taking a very small piece of every payment, the sheer scale means that card schemes and banks make billions in revenue every year.
If lending can successfully become more embedded into the infrastructure of everyday services, finance will become more accessible and easier to use, explains Lara Gilman, Co-Lead of iwocaPay
What will next year look like for the fintech industry? Well, we know everything is hard to predict these days..But, we've had a go! These are our top 3 fintech predictions for 2021
Embedded finance means that fintech — just like the ‘internet’ — will no longer be a discrete category and will become increasingly verticalised, says Matthew Harris, Partner at Bain Capital
Before delving into market predictions of what fintech investment in 2030 will look like, it’s worth summarising the state of fintech in 2020.