According to fintech industry statistics, in 2020, $5.2 trillion worth of digital payments were made and this number is expected to reach $6.7 trillion by 2023 with a CAGR of 12.8%.
Surveys suggest, 63% of people were not familiar with the term fintech.
And only 16% were able to define it.
Here are 5 things you didn't know about the Fintech industry.