How Much Does It Cost to Build a Fintech App? A Comprehensive Breakdown

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The COVID-19 pandemic has played a significant role in the rapid growth of the Fintech market. During the pandemic, digital lending and online payment platforms saw a surge in usage, with mobile banking and online payment apps experiencing a 72% increase in usage worldwide. This increased adoption of digital finance services has prompted traditional financial institutions to venture into the Fintech space, further fueling the growth of the industry.
Factors Affecting the Cost of Building a Fintech App
Now, let's delve into the factors that contribute to the cost of building a Fintech app.