Charting the Path to a Resilient and Inclusive Future for Global Fintech

Last summer, Paysend had the privilege of contributing insights to a global survey conducted by the World Economic Forum and the Cambridge Centre for Alternative Finance, Cambridge Judge Business School (CCAF) on the future trajectory of Global Fintech. Our perspectives on evolving market trends and fintech's expansive growth were shared in the official report, unveiled during a press conference at Davos as part of the 2024 Annual Meeting.

A key discovery highlighted in the report is the widening reach of fintechs in delivering financial services and products to underserved markets. This finding aligns seamlessly with Paysend 's mission of providing Simple Money Transfers For All. Through innovative solutions, Paysend addresses the challenges of financial inclusion, striving to enhance access for traditionally underserved and low-income populations.

Additional insights from the report include:

• The global fintech industry maintains robust performance, witnessing customer growth rates averaging above 50%, driven primarily by consumer demand.
• Macroeconomic factors and the funding environment emerge as the primary challenges for fintech growth, heightened by global inflation and high-interest rates.
• Many surveyed fintechs emphasize the regulatory environment as a crucial supporting factor for their operational efficiency and growth.
• Looking towards the future, fintechs anticipate that artificial intelligence, the digital economy, and embedded finance will play pivotal roles in shaping the industry's development.

For those interested, the complete report can be accessed here: https://www.weforum.org/publications/the-future-of-global-fintech-towards-resilient-and-inclusive-growth/?