2020 has been a year for the technology companies which bolstered the digital transformation across the globe. The year has also proved to be an inflection point for the Australian fintech space.
From all-time highs to multi-baggers, record numbers to new partnerships and launches, this has been an action-packed year for the BNPL space. The pandemic has worked as a catalyst for the entire fintech space bolstering some of the significant fundamental changes in a few months which otherwise would have taken a few years. Going into the next year, the emerging trend of digitalization and cashless payments is expected to grow further, which would maintain the steam for fintech space.