FinTech, Cryptocurrency & Electronic Payments Market Research

Competitive Intelligence, Business Analysis, Forecasts, Market Size, Trends, Companies, Statistics

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FinTech, Cryptocurrency & Electronic Payments OVERVIEW

One of the fastest growing global business sectors in recent years is the financial technology or “FinTech” sector. Innovation by this field has been extremely challenging to traditional financial services giants while at the same time offering exceptional opportunities for new business models and startups that bring much-needed change. Ventura capital has been pouring into FinTech at a tremendous rate. Looked at in a broad manner, FinTech is now the driving force in financial services, accounts and transactions of all types, including bank accounts, lending, investment accounts/trading, insurance, mortgages, credit cards, and wealth management. Also, a fast growing, vital part of FinTech today comprises online payments and mobile payments, enabling consumers to easily pay for online purchases and to send each other money for business or personal purposes. Another branch of FinTech is cryptocurrencies such as Bitcoin. An estimate by CoinCapMarket was that global cryptocurrencies (sometimes called “crypto”) had soared to nearly $3 trillion in market value in November 2021. However, this number plummeted to $0.9 trillion by mid-June 2022 during a market rout. That was not the first time that cryptocurrencies had shown extreme instability. Only a few decades ago, virtually all financial services relationships were managed in person—at banks’ branch offices, insurance agents’ desks and investment company offices. During the 1970s and 1980s, a slowly expanding number of financial products could be reasonably well managed by telephone. During this period, ATMs started to displace bank tellers in large numbers. The internet era launched very rapid adoption of online banking, investments and insurance. Discount stock brokerages gained so much market share that they forced traditional brokerages to provide more customer-friendly services and lower fees—so much so that today, many stock trades can be executed on a no-commission basis. Companies like Charles Schwab soared old-line firms like Merrill Lynch were forced to adapt. Insurance became much more competitive and easier to obtain as the internet grew to mass market scale. Consumers could easily compare rates, apply for insurance and make claims online. This was extremely disruptive to the traditional insurance industry, and value-priced companies like Geico boomed. The convenience and cost-effectiveness brought about by the early foundation of financial technologies (such as the push-button telephone, the ATM and the internet) were extremely important. However, these early applications pale in comparison to the total FinTech revolution that was launched soon after the January 2007 introduction of the iPhone and the smartphone era, followed by the mid-2000s emergence of ubiquitous, remote computer power in the cloud. Smartphone apps are relatively easy to create and scale thanks to the flexibility of cloud computing platforms such as Microsoft’s Azure and Amazon’s AWS. At the same time, a reasonable estimate would be that well over 6 billion consumers worldwide have access to smartphones. More than 1.5 billion new smartphones are sold yearly. Portability, reasonably good security and cost-effectiveness make smartphones a nearly-ideal platform for financial account management, and the cloud has vastly boosted this trend. Not surprisingly, emerging/developing nations where the economy is expanding rapidly have been among locales to most readily adopt FinTech innovations. If a shortage of bank branches existed in India, for example, mobile banking solved the problem. If a modern insurance industry was not fully developed in Vietnam or Thailand, online insurance expanded the market. If consumers had few credit cards or checking accounts anywhere in the world, then payment platforms like Paypal solved a major need. The market in Asia is a perfect example. A late-2019 study by Bain/Google/Temasek found that 50% of Southeast Asians (home to 600 million people) are underbanked, 90%+ are under-insured and about 80% lack investment accounts. FinTech is rapidly solving those problems.


Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.


Key Findings:

  • Plunkett Research analyzes the top trends changing the industry, and provides in-depth industry statistics. In addition, this publication profiles the top 235 companies in the FinTech, Cryptocurrency & Electronic Payments Industry.

Available Formats:

  • Printed Almanac: ISBN 978-1-62831-632-2 (Available)
  • E-book: ISBN 978-1-62831-957-6 (Available)
  • Plunkett Research Online (Subscribers)

Key Features Include:

  • Industry trends analysis, market data and competitive intelligence
  • Market forecasts and Industry Statistics
  • Industry Associations and Professional Societies List
  • In-Depth Profiles of hundreds of leading companies
  • Industry Glossary

Pages: 348

Statistical Tables Provided: 7

Companies Profiled: 244

Geographic Focus: Global

Price: $379.99

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

This feature-rich book covers competitive intelligence, market research and business analysis—everything you need to know about the FinTech, Cryptocurrency & Electronic Payments business including:

  1. Introduction to the FinTech, Cryptocurrency & Electronic Payments Industry
  2. Cryptocurrencies and Blockchain Explained
  3. The Difference Between Cryptocurrencies and Stable Coins/National Treasuries Consider Issuing Stable Digital Currencies
  4. BNPL (Buy Now Pay Later) Options Gain Payments Market Share
  5. Digital Wallets Gain Payments Market Share
  6. The SuperApp Begins to Develop in FinTech
  7. Real Time Payments (RTP)/Instant Payments to Grow
  8. Neobanks/Virtual Banks Explained/Top Competitors
  9. A Brief History of Artificial Intelligence (AI) and the State of the Industry Today
  10. Voice, Face & Image Recognition Change the Wireless World, Enhanced Through Artificial Intelligence (AI)
  11. Insurance Underwriting Uses Artificial Intelligence (AI)/Policy Holders Allow Their Habits to Be Tracked for Lower Insurance Rates
  12. Robotic Process Automation (RPA) Is Replacing Human Workers
  13. Digital Assistants Include Amazon’s Echo and Google’s Home/Alexa and Similar Software Power Third-Party Developers
  14. Growth in Big Data Supported by Expansion of Cloud Computing and Predictive Analytics
  15. Artificial Intelligence (AI) Powers Hedge Fund Investment Strategies
  16. Banks and Mobile Apps Vie for Previously Underserved Markets, Including Hispanics
  17. China Sees Growth in Online Payments, Banking and Lending/Alipay Soars
  18. The Internet, Smartphones and ATMs Replace Bank Branches and Tellers
  19. Smartphones and Financial Technology (FinTech) Enable New Mobile Payment Methods
  20. Peer-to-Peer (P2P) Payment Systems, such as Zelle and Venmo, Soar in Popularity
  21. In Emerging Nations, mChek and M-PESA Enable Remote Banking via Smartphone
  22. Online Competition Changes the Mortgage Industry
  23. Open Banking May Revolutionize the World of Banking and Finance
  24. The Future of Banking, Credit Cards, Mobile Payments and Mortgages

FinTech, Cryptocurrency & Electronic Payments Industry Statistics

  1. FinTech, Cryptocurrency & Electronic Payments Industry Statistics and Market Size Overview
  2. Artificial Intelligence Industry Statistics and Market Size Overview
  3. Investment & Securities Industry Statistics and Market Size Overview
  4. U.S. Banking, Mortgages & Credit Industry Statistics and Market Size Overview
  5. Global Credit Card Industry Statistics and Market Size Overview
  6. FDIC Insured Institution Statistics: 2nd Quarter 2021
  7. Employment in the Banking Industry, U.S.: 2015-July 2021

Companies Mentioned Include:

  • Apple Inc
  • Microsoft Corporation
  • Visa Inc
  • Fidelity Investments Inc
  • Intuit Inc
  • Stripe Inc
  • TD Ameritrade Holding Corporation
  • Experian plc
  • KakaoPay Corp
  • IHS Markit Ltd


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eBook or Book:

This industry onlyPublication date: Jun 2022
ISBN-13: 978-1-62831-957-6
ISBN-13: 978-1-62831-632-2