Future fintech or bank use for B2B payments worldwide in 2019 and 2020

Published by Statista Research Department, Jun 13, 2023
Companies worldwide increasingly favored fintech solutions for future B2B payments in 2020, more so than bank-developed payment options. Indeed, over half of the respondents that year - compared to roughly one out of three in 2019 - planned to either increase or significantly increase fintech use. Important reasons why fintech were preferred to banks, according to the source, included the overall security of these platforms as well as their cost relative to other solutions available on the market.

Over the next 1-3 years, how do you expect your use of fintech payment solutions vs. those of banks to change?

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Source

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Release date

October 2020

Region

Worldwide

Survey time period

March to July 2020

Number of respondents

300*

Age group

18 years and older

Special properties

Coporate roles, including treasurer and CFO

Supplementary notes

The source adds the following information in regards to the respondent regions of operation:

  • North America: 89 percent;
  • Latin & South America: 30 percent;
  • Europe: 42 percent;
  • Africa: 17 percent;
  • Middle East: 23 percent;
  • Asia Pacific: 36 percent.

The source does not provide additional information on the type of survey that was conducted.

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