Coronavirus Drives Rise In Use Of Fintech Apps

With the global-wide COVID-19 pandemic, people are enforced to practice social distancing and to enact shelter-in-place to flatten the curve.  With lockdowns in homes, consumers are shifting to a new digital lifestyle, ranging from working remotely to exercising to communicating with family and friends to managing finances online.  The novel Coronavirus has driven a 72% rise in the use of fintech apps in Europe according to the deVere Group.  Needless to say, the impact of the quarantine on fintech trends in the United States is a subject to be on your radar.

 

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