Digital Banking Worth US$22.3 Billion by 2025
(07 September 2020 – Global) The recent trends in high-street banks’ move towards digitalisation has meant that the global digital banking industry will be worth US$ 22.3 billion by 2025.
The developments of secure payment gateways, ecosystems and other banking tools has created an environment where banks are comfortable in migrating to digital platforms. Supportive government initiative and policies have also been key contributors to this momentous change. The revenue streams from digital banking will provide new opportunities for global economic expansion.
“The role of digitisation is creating new opportunities for banks and corporates to develop their working relationship. This will consequently help to facilitate business expansion and economic growth worldwide” commented East & Partners Market Analyst, Pierre Sokoya.
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