Payments Sector Primed to Lead Fintech Growth in 2021
Payments will be the biggest growth area in the coming 12 months, according to recent industry survey of fintech professions. A survey of fintech professionals indicates that 61 percent consider the payments sub-sector to be the highest growth area over the next 12 months. The survey was conducted by FinTech Connect, an industry trade show that asked respondents about growth areas in their field. Respondents also mentioned ID and Regtech (technology supporting compliance with regulations and regulatory agencies) and lending as being other areas with promising growth over the same period. Fresnel portfolio company Emergent Payments is well positioned to capitalize on growth in the sector.