Global COVID-19 FinTech Market Rapid Assessment Study

Categories : Technology and FinTech, Technology and Operational Enablers


Author: World Bank

Covid-19 has profoundly impacted financial systems across the world, including the provision of digital financial services and the functioning of FinTech markets. Recent anecdotal evidence suggests that the socio economic shocks associated with the global pandemic have severely disrupted some FinTech sectors, created opportunities to others and introduced a state of flux for many. As consumers and MSMEs increasingly look to digital financial channels and instruments for payment and remittances, saving or insurance solutions, as well as capital raising amid more stringent lockdown measures, there is an urgent need to gather empirical data from the FinTech markets.

The Cambridge Centre for Alternative Finance (CCAF) partnered with the World Bank Group and the World Economic Forum to conceptualize, design and deliver the Global Covid-19 FinTech Market Rapid Assessment Report.