What are the prerequisites for the Fintech industry to flourish in any given country? I would certainly name an adapted legislative framework, the so-called “regtech”, the economic environment and favorable investment climate, as well as mobile and online technologies penetration and the population’s age and digital literacy. It is the combination of those factors that determine leading Fintech supporting countries.

So, top digital countries in 2020 are:

10th place – Estonia


Highlights: digital payments, personalized financial solutions, and alternative lending methods.

9th place – Canada


Highlights: crypto and blockchain technologies, loans, and insurance.

8th place – Australia


Highlights: digital payments, personalized financial solutions and alternative lending methods.

7th place – Sweden


Highlights: neobanking and Fintech solutions for SMEs.

6th place – Netherlands


Highlights: digital payments, personalized financial solutions, and investments.

5th place – Switzerland


Highlights: cryptocurrencies and blockchain, crowdfunding, and wealth management.

4th place – Lithuania


Highlights: payments, loans and banking.

3rd place – Singapore


Highlights: digital banking, Fintech solutions for SMEs, wealth management.

2nd place – the United Kingdom

United Kingdom

Highlights: Challenger banks, personal finances and capital, blockchain, and microlending.

1st place – the USA.


Highlights: payments, Fintech solutions for the B2B segment, security, and insurance.

In my opinion, the rating includes developed or fast-growing economies driven by the advancement of digital technologies and, consequently, encouragement of investments. In the long term, I believe that creating conditions to scale up the Fintech industry is key to countries’ welfare and their readiness to address new challenges of our time such as the COVID-19 pandemic in 2020.