Major nationwide Fintech survey to Springboard NZ’s economy
The technology sector has become New Zealand’s second largest export earner, and fintech is the second largest technology sub-sector by revenue.
Kiwi fintech firms generate $2.14 billion in export earnings. To support export growth and momentum, FinTechNZ in partnership with New Zealand Trade and Enterprise (NZTE) has launched a nationwide survey to understand what NZ businesses experience when in or entering new global markets.
The survey will generate community-led data insights, including key weightless export issues and market barriers. The
results will help inform export-focused fintech companies and NZTE’s work to support firms to become export-ready and grow internationally.
FinTechNZ CEO Jason Roberts says the survey will help many tech, but particularly Fintech firms in Aotearoa prepare to return to business as usual after the covid lock downs.
“A total of 80 per cent of fintechs are exporters, so the results of the survey and the future direction for New Zealand are really important.
“Post-covid NZ businesses are considering markets and destinations, for example the growth and proximity to Asian markets. The new UK Free Trade Agreement is also important.
“All these issues will be central to the FinTechNZ hui taumat event in Auckland on 23 February.
“Technology is changing the way the financial industry operates and delivers services. The market is undergoing a major shift that leverages innovative and cutting-edge fintech, such as the shift away from plastic card payments. These technological developments have largely driven the growth of fintech worldwide.
“Technology is changing the way the financial industry operates and delivers services. The market is undergoing a major shift that leverages innovative and cutting-edge fintech, such as the transition from plastic card payments to digital, such as digital wallet solutions for phones. These technological developments have largely driven the growth of fintech across world.
“Fintech is here to stay. As technology improves and becomes even more ingrained in people’s everyday lives, there will be more embedded finance, such as payments and lending, and more embedded insurance than ever before.
“Regardless of how centralized or not these solutions are or will become, the future looks bright,” says Roberts.
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