11:47 - 26.10.2023

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October 26, Fineko/abc.az. By 2030, fintech of Azerbaijan will receive a market share of $1.5 trillion.

ABC.AZ reports that Azerbaijan Fintech Association’s chairman Ruslan Talibov said about this during his speech at the fintech forum in Baku.

He also shared his forecasts regarding the profits of the banking and financial sector in the coming years. Talibov added that in 2030, the global profit of the banking and financial sector is projected at $21 trillion.

"It is expected that $1.5 trillion of them will go to fintech. Azerbaijani fintech companies are also striving to expand their activities in order to gain a share in this market," Talibov said.