Fintechs double in 5 years to 30,000; turnover tops $16 trln
The total transaction value in the fintech market reached nearly trillion last year and is expected to reach trillion this year. The number of fintech companies has doubled in the past five years, reaching almost 30,000 in 2024. North America has the highest number of fintech companies, followed by the EMEA region and Asia and the Pacific. Europe, the Middle East, and Africa have experienced the largest growth in the number of fintech companies in the past five years. Approximately 5.3 billion people, or 65% of the world’s population, are projected to use fintech products and services this year. Digital payments are expected to have 3.56 billion users in 2024.