The BFSI sector is thriving at a rapid pace while witnessing a paradigm shift from traditional payment into online payment. Fintech, the term coined after integrating technology in the finance sector, has added convenience for customers and security for the financial institutes. Today, as people tend to make payments online using robust digital payment solutions, the fintech sector can offer a new set of opportunities to startups.
Various entrepreneurs, investors, and financial companies have either moved toward fintech or are planning to make the most of it. As per the prediction of a reputed agency, the global fintech market will grow tremendously to reach $309.98 billion by 2022. If you own a startup or are in search of an idea that can enable you to leverage the benefits of the fintech sector, here we give the top ten ideas that are going to rule in the coming years.
Here we go.
- Top Ten Finance App Ideas for Startups
1. Peer to Peer (P2P) Payment Apps-
The peer-to-peer payment market witnesses exponential growth in a couple of years. Google Pay, Venmo, and PayPal are some of the noteworthy examples of P2P payment apps. You can also consider this app to offer your consumers an excellent facility to transfer money instantly across bank accounts and payment systems.
These apps are designed to eliminate the need for any intermediaries, and as a result, the app users can save money in the form of commission fees while making any online transaction.
NFC, face recognition, and voice recognition are the most popular technologies to consider if you want to build a peer-to-peer payment app.
Original Source: Kotlin Vs Flutter: Which Should You Choose For Cross-Platform App Development?
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