MyCredit CEO, Vladyslav Bilan, spoke at Power Payment Meetup, where he highlighted key fintech trends:
Digital banks and neobanks. Traditional banks are losing ground to neobanks, which offer more convenient services and lower fees. Vladyslav noted that these changes are inevitable.
Buy Now, Pay Later (BNPL). The BNPL model is being adopted not only by financial companies but also by giants like Apple. This opens new monetization opportunities through merchant fees.
Tips in mobile apps. The "tips" feature in mobile apps is becoming a new source of revenue. For example, it could boost "Nova Poshta’s" profit by 1-2%.
Cryptocurrency and financial monitoring. Cryptocurrencies are driving tighter control from traditional financial systems. However, Ukraine still lacks a clear strategy in this area.
Artificial intelligence and open banking. The integration of these technologies allows for the creation of innovative products, though many startups face challenges with monetization.
Fintech innovations open new opportunities, but for success, it's crucial to focus on financial stability and effective monetization strategies.