While most can agree that fintech applications are a great aid to first world countries, it is clear that in these places there are countless alternatives to use, whereas in the developing world, fintech can be much more effective. In this way, a report concluded that the adoption of fintech could increase the “GDPs of emerging economies by 6% or $3.7 trillion by 2025.” Looking into the future and the best applications of fintech, I think it could clearly be very beneficial for emerging economies to be introduced to fintech, so that they can get their industries up to speed quicker thanks to the aid of technology.
Link to article: https://www.forbes.com/sites/oracle/2017/03/14/how-fintech-is-powering-the-global-economy/#45e14e911b5e