Fintech market forecast to reach 9 bln USD in 2020

This growth is attributed to the appearance of digital applications such as Grab, Uber, Go Viet and changes in buying goods and traveling.

This has led to the development of fintech businesses to create platforms where people often use their mobiles to make their payments. Bankers also have to quickly adjust to this trend as well as their customer’s needs. Fintech is a field with many different features such as electronic wallets, payment gateways, and many others. According to statistics, fintech investments in 2018 reached 16 billion USD, a twofold increase compared to 2017.