Polish fintech market worth €860 mln - Deloitte

According to the "CEE FinTech Report" compiled by consultancy Deloitte, the Polish fintech market is worth €860 million, making it the biggest in the CEE region (€2.2 billion). In Europe, the biggest market is in the UK, were fintech companies had €26 billion in revenue. “The CEE region has huge potential for growth. As much as 75 percent of the population has internet access and 55 percent owns a smartphone,” said Daniel Martyniuk, director at Deloitte Digital. “There is a correlation between the size of the financial sector and growth of the fintech market. That’s why the biggest potential is in Austria, Poland and Czechia. Polish bank assets are valued at €360 billion, Czech at €195 billion, while in Austria it has surpassed the €1 billion mark,” Martyniuk added.