Isolation and lockdown to drive the use of fintech apps

Fintech is becoming the new normal since the world has to readjust to new living and working conditions

Isolation and lockdown to drive the use of fintech apps. Source: pixabay.com

According to deVere Group, the financial advisory company, the use of financial apps in Europe has increased by 72% in a week due to social-distancing amid the COVID-19 outbreak.

For instance, Zoom Video Communications gained more 32% in share since the market began its decline in mid-February.

Besides, the fintech apps enable immediate, 24/7 access to the use and management of their money. It means personalized, on-demand services at lower costs.

It is also expected that due to the COVID-19 pandemic, the move towards fintech will be significantly accelerated.?This way, deVere Group has launched its contactless advice service in responding to the coronavirus outbreak.

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