Fintech Industry Set to Explode, with $1.5 Trillion in Projected Revenues by 2030

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London, UK – With fintech revenues projected to grow sixfold from $245 billion to $1.5 trillion by 2030, the fintech sector is poised to revolutionize the financial services industry. This projection comes from a recent report by Boston Consulting Group (BCG) and QED Investors. While fintech has a two per cent share of the $12.5 trillion in global financial services revenue, it is estimated to grow up to seven per cent in the coming years.

Key Takeaways:

  • Fintech revenues are set to reach $1.5 trillion by 2030, a sixfold increase from the current $245 billion.
  • Asia-Pacific is expected to outpace the US and become the world’s top fintech market by 2030, with a projected compound annual growth rate (CAGR) of 27%.
  • The payments sector is projected to grow fivefold to $520 billion, driven by cross-border payments, “payment-plus” models, and the proliferation of real-time payments use cases.

UK and EU Fintech Sector Set for Major Growth

According to the report, the UK and European Union combined represent the world’s third-largest financial institution market and are expected to see substantial fintech growth through 2030, estimated at more than fivefold over 2021 and led by the payments sector. The report also revealed that North America, which currently has the world’s largest financial-services industry, will remain a critical fintech market and innovation hub, projected to grow fourfold to $520 billion in 2030, with the US accounting for a projected 32% of global fintech revenue growth.

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Asia-Pacific: The Top Fintech Market by 2030

Asia-Pacific is set to outpace the US and become the world’s top fintech market by 2030, with a projected compound annual growth rate (CAGR) of 27%. This growth will be driven primarily by emerging economies such as China, India, and Indonesia that have the largest fintechs, voluminous underbanked populations, a high number of small and medium-sized enterprises, and a rising tech-savvy youth and middle class.

Payments Sector Set to Grow

The report suggested that the payments sector will grow fivefold to $520 billion, driven by cross-border payments, “payment-plus” models (bill pay and payment apps offering adjacent services such as wallet services), and the proliferation of use cases driven by real-time payments. This growth will be fueled by the need to reduce transaction costs and enhance customer experience.

Fintech: A Crucial Driver of Global Economic Growth

As fintech continues to revolutionize the financial services industry, it is playing a crucial role in driving global economic growth, creating jobs, and powering businesses. While projections show exponential growth in the coming years, more needs to be done to ensure that key sectors fully benefit from the power of fintech. As Laimonas Noreika, co-founder and CEO of fintech company HeavyFinance, stated, “As our industry moves forward, we need a much wider conversation about the importance of protecting the environment, offering companies the opportunity to access sustainable climate investments, and driving cleaner, greener businesses by reducing CO2 emissions.”

Seizing the Moment

As the fintech journey is still in its early stages, all stakeholders must seize the moment. Regulators need to be proactive and lead from the front, while incumbents should partner with fintechs to accelerate their own digital journeys. With the fintech industry set to reach $1.5 trillion by 2030, the opportunities are endless for businesses looking to leverage fintech to improve their operations and drive growth.

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Despite the projected growth in the fintech industry, there are still challenges to overcome. The report revealed that more than half of the world’s population remains unbanked or underbanked, highlighting the need for innovative solutions to improve financial inclusion. In addition, there are concerns about data security and privacy, as well as regulatory compliance, which must be addressed to ensure the industry’s long-term success.


The fintech industry is set to revolutionize the financial services industry in the coming years, with projected revenues of $1.5 trillion by 2030. The growth will be fueled by increasing demand for innovative solutions, improving customer experience, and reducing transaction costs. While Asia-Pacific is set to lead the way, Europe, the UK, and North America will also see substantial growth.

As the industry moves forward, all stakeholders must work together to address challenges and seize opportunities. Regulators must be proactive in creating a regulatory environment that fosters innovation while protecting consumers. Incumbents must partner with fintechs to accelerate their digital transformation and stay competitive. Fintech companies must continue to innovate and improve their offerings to meet changing customer needs and preferences.

The future of fintech is bright, and businesses that embrace this growing industry will be well-positioned for success in the years ahead.

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