Top 3+ Financial Technology (Fintech) Applications in 2024
We’ve compiled the perfect mobile applications for fintech in 2024 and the ways they are changing our world.
A quick question for you. How many fintech applications do you use every day? Do you use one or two, or more? According to research that the average US generation makes use of 4.3 fintech apps.
Fintech app development has elevated the financial world to a new level in a relatively short amount of period of. The apps have allowed customers to have access to a range of financial services like trade in stocks, cross-border transactions investment and trading in cryptocurrency as well as other services that could be difficult to use due to the complexity of processes.
This means that more people are participating in financial transactions, thanks to the intuitive fintech mobile apps.
So, whether it’s applications for mobile banking or crypto-trading or investment apps, the experts from Quytech have compiled the top 10 fintech applications in 2024 that have impacted various segments of the financial world. Therefore, with no delay let’s start the conversation.
Fintech Mobile App Development Industry: Current Market Statistics
Source: Deloitte
- According to reports Fintech will be an $1.5 trillion industry in 2030.
- Global fintech revenue was around EUR92 billion as of 2018 and are expected to boost to over EUR188 billion in 2024 (pre-COVID-19 prediction).
- According to a study that found nearly half of US users use fintech frequently, as opposed to just one-third of customers in 2021.
- Worldwide BNPL (Buy now pay later) transactions are expected to increase by nearly $450 billion between 2021-2026.
- By 2025, about 4.5 billion people worldwide are estimated to use mobile-based payments that’s nearly 2 billion by 2022.
These latest figures reveal that fintech applications are dominating and they will be dominating further in the years ahead. Continue reading to learn more about the top 10 fintech applications in 2024.
Top 3+ Financial Technology (Fintech) Applications in 2024: An In-depth Analysis of Leading Solutions
Chime
It was founded in 2012, and Chime was founded in 2012, Chime app is operated by Chris Bratt and Ryan King. It’s an Neobanking application that offers a broad variety of banking services like free account opening as well as instant cash transfers, depositing checks through mobile devices, bill payment as well as finding ATMs in the vicinity and much more.
The Chime application is supported by two banks: Bancorp Bank and Stride Bank. Chime can be used cross-platform that means it’s available on both Android as well as iOS devices, and provides the same user experience.
Users can create and manage their Chime account without having to pay any charges for monthly usage. Chime is a free app that allows users to open and maintain accounts. Chime app also provides 24/7 customer service to resolve complaints of users via phone and live chat.
- was established in 2012
- Founding Partners: Chris Bratt and Ryan King
- Category: Neobanking App
- Highlights: Instant payments, mobile check deposit bill payments and push notifications, near ATM locator, and much more.
-
Mint
Mint is among the perfect personal financial applications that helps users with managing their finances all in one place. Mint is a budget tracker and planner application that allows users to keep track of their expenditure and bills from banks, credits card bill investment transactions, loan payments and many other financial transactions.
The Mint app can also help users keep track of their expenditures and develop and manage budgets that are custom-designed to achieve their financial objectives. Aaron Patzer created the Mint application in 2006, and then it was later acquired by Intuit.
The app is compatible with the Android as well as iOS platforms. Users can also access their Mint accounts on the Mint website.
- It was created in 2006
- The Founders: Aaron Patzer, later bought by Intuit
- Category: Personal finance app
- Highlights: Expense tracking, credit score assessment Credit cards and investments tracking loans, personal budgeting, and much more.
-
Paypal
- Established in 1998, PayPal was established in 1998 and is an market leader when it comes to online payments which allows customers to transfer money and pay online in a matter of minutes and with complete security. It offers a variety of options for users, such as online money transfer in addition to bill and money split options, credit and debit card processing, e-checks and multi-currency payment.
PayPal is accessible on Android, iOS, and other platforms. Users can also log into their accounts together the official site. Additionally, PayPal also offers Business Accounts for online retailers and sellers.
The business account is distinguished by its benefits, like lower fees for received payments the ability to access PayPal products and services, manual entry of payments as well as transaction management. It is also possible to set up monthly subscription services and much more.
- It was created in 1998
- The Founders of HTML0: Ken Howery, Max Levchin, Luke Nosek, Elon Musk, Peter Thiel, Harris Fricker, Christopher Payne, Ed Ho and Yu Pan
- Category:Digital payments app
- Highlights: Online money transfers and e-check processing, as well as split bill options, credit and debit connection to credit cards and much more.
