Fintech revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors.

• The fintech sector, which currently holds a 2 per cent share of the global financial services revenue of  $12.5 trillion, is estimated to grow up to 7 per cent, of which banking fintechs are estimated to constitute almost 25 per cent of all banking valuations worldwide by 2030, the report said. 
• While the fintechs on average lost more than half of their market value in 2022, the report maintained that the plunge is a short-term correction in an otherwise long-term positive trajectory.