Neobanks, online transactions, financial inclusion… There are words we use every day that many people may find vague or difficult to understand. No matter how numerous these terms are, there is only one name: « FinTech ». At E-Pay Space, we look forward to sharing with you key concepts of the industry, so you can remain up-to-date with crucial topics.

Definition of FinTech?

Combining the words FINance and TECHnology, FinTech means the use of cutting-edge technologies to improve and facilitate financial services. FinTechs offer innovative options for online payments and loans, money and wealth management, and much more.

In numbers...

France’s FinTech industry has been growing by leaps and bounds. In 2015, there were less than 100 FinTechs. This figure has been multiplied by 10 in 2023, according to a survey by « France FinTech », an association that focuses on current and emerging issues in the financial services industry. 25% of major players in the FinTech sector has an international presence, creating more than 40 000 employments*. Given the Covid-19 pandemic and the economic difficulties, this growth is quite impressive and particularly significant.

Their advantage?

FinTechs have the potential to revolutionise the world of financial services, by replacing conventional approaches with faster, more efficient and cost-effective methods. FinTechs also help democratising access to financial services by making them more accessible.

Why E-Pay Space?

At E-Pay Space, we are proud to be part of this FinTech revolution. The innovative services we offer support business and consumer activities in order to achieve their financial on market goals. Our solutions provide a better alternative to paying with cash, cheques or vouchers and traditional payment cards.


We hope that this article gives you a better understanding of what FinTech is and its potential. Broaden your knowledge in the FinTech sector and explore our services today.

*Source of numbers:

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