• Home
  • Events
  • Webinars
  • White Papers
  • Blog
  • About
Go to...
    LendIt News – Daily Fintech Industry News LendIt News – Daily Fintech Industry News


    • All News
    • USA
    • Europe
    • LatAm
    • China
    • Lend Academy
    Go to...
      Home»Europe » Stay at Home Orders Lead to Rise in Fintech App Adoption

      Stay at Home Orders Lead to Rise in Fintech App Adoption

      August 5, 2020
      Europe, Fintech
      Views : 357
      0

      Fintech apps have seen a big rise in adoption the las few months as stay at home orders have been enforced; new research by the Open Up 2020 Challenge found 54 percent of UK consumers now use money management apps; more than 30 percent now feel more comfortable using banking and money management apps since lockdown and almost 25 percent trust online banking more now than before lockdown; 40 percent are terrified of the financial impact of the pandemic and 30 percent have started to prepare for a second round of lockdowns; Lubaina Manji, Senior Programme Manager, Nesta Challenges, said to AltFi: “While the economic picture coming out of the pandemic seems bleak, it’s encouraging to see many people actively seeking out tech solutions to manage their money and preparing for further uncertainty.” AltFi.

      Tags : digital banking, Nesta Challenges, Open Up 2020 Challenge
      Share :
      • Facebook
      • Twitter
      • Linkedin
      • Email
      Next article
      Mozper Launches Digital Banking Service for Latin American Families
      Previous article
      More News for August 5th, 2020

      Leave a reply

      Click here to cancel reply.