Juliia Fedosiuk, CEO of UAPAY, took part in the UAFIN.TECH conference, where experts discussed the development of fintech in Ukraine and expectations for 2024.
We have highlighted for you the main aspects of the fintech industry and technological innovations for the coming year:
The growth of the fintech sector.
In recent years, the value of the sector has increased from millions to billions of US dollars, which shows its steady growth even during the difficult times of war.
The challenge in 2024 is artificial intelligence.
Banks are actively implementing artificial intelligence to improve efficiency and expand capabilities.
European integration and fintech solutions for veterans.
Attention is paid to the return of Ukrainians from the EU and the role of fintech in this process, as well as the development of solutions for veteran companies.
Trends in the banking system.
Banks are developing alternative financing instruments and adapting to changes in the European business environment.
Payment technologies.
Ukrainians are increasingly interested in digital payment technologies, especially cashless payments and innovations such as open banking and instant payments.
Mastercard statistics: 84% of Ukrainians have a bank account, and 9 out of 10 transactions with payment cards are cashless.
Technological transformations are already here, and we are ready for new challenges!