Data presented by Tradingplatform.com indicates that the global value of the top 100 Fintech is at $2.8T and steadily approaching $3T.
Commenting on the data, Edith Reads said. “The Fintech industry has become increasingly stronger. The sector is becoming more popular by the day. Despite the global economic malaise, the sector is growing. With little regulatory fine-tuning, Fintech will be exceptional.”
She added: “The digital payments sector is the most important segment of the Fintech industry. It accounts for more than 80% of global Fintech revenue. People who have adopted the practice of soft cash during COVID-19 still rely on Fintech. In addition, many people use blockchain for financial transactions.”
Visa and Mastercard lead the pack
The leading fintech companies by market capitalization are headquartered in the United States. The payment companies of Visa and Mastercard are the most valuable, with market caps of nearly $478 billion and $368 billion, respectively.
The Chinese Ant Financial, or Ant Group, is in third place with a market value of $312 billion.
Technology is a key driver in the Fintech sector
While Visa showed an anomaly in the first quarter of the year, many fintech platforms have shown positive growth in their share value. The development is anchored in the adoption of Fintech by almost all countries worldwide.