The number of people using digital payment solutions has
considerably increased. Experts predict that mobile wallets will reach $1 trillion in 2020. Besides the Covid-19
pandemic, which has led to consumers fearing to use cash because of germs transmissions, this change is a result of the
number of people using smartphones. Indeed, across the globe there are 3.2
billion individuals utilising this device against a total population of
approximately 7.7 billion. Thus, fintech
firms have more opportunities to design innovative settlement solutions
and to gain new clients.
Nearly half of the population has smartphones © Royalty-free image
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