April 25, 2024

Copy-paste | Fintech startups will find grateful users in Russia

Russian users of fintech services are not interested in anonymity, privacy and resistanceto censorship, they need low tariffs and ease of use and interesting functionality.

Russian user likes fintech

Russia is a tasty morsel for companies operatingin the field of financial technology. Today, 82% of Russians actively use fintech innovations, preferring applications and services for making transfers or payments, RBC writes with reference to the results of a study conducted by the auditing and consulting company Ernst Young.

EY analysts surveyed about 27 thousand.users and found out that fintech services for money transfers and payments are the most popular among Russians—about 90% of respondents use them. The least popular services were those offering investments in securities.

This gradation is explained by the low leveldevelopment of traditional financial markets and weak investment activity of citizens in general. The Russian financial system has formed recently and consumers are more accepting of fintech innovations, provided that they do not require large investments of deep knowledge in the field of investment and capital management.

Continued via the link: https://beincrypto.ru/finteh-startapy-najdut-v-rossii-blagodarnyh-polzovatelej/