The Global COVID-19 Fintech Market Impact and Industry Resilience Study
The study was designed to quickly assess and interpret the short-term impacts of Covid-19 on an already rapidly evolving fintech ecosystem. The study compared the impact of Covid-19 on fintech firms in the first half of 2020 to the same period in 2019. The analysis provided a snapshot of how Covid-19 had impacted market dynamics, key performance indicators, products and service offerings, and how fintech firms coped with the initial market shocks and operational challenges.
The study also highlighted the regulatory interventions that were received and needed for fintech firms to thrive.
The Rapid Assessment Study found that fintechs had continued to grow throughout the pandemic, albeit unevenly across verticals and geographies. Indeed, fintechs in advanced economies appeared to have been more resilient than those in emerging and developing economies. At the vertical level, digital lending platforms appeared to be more severely affected by the pandemic than others.