Armenia Fintech Sector Grows 25 Percent Annually

Armenia's fintech sector grows at 25 percent annually with the Central Bank's regulatory sandbox attracting $90 million investments, reaching 34th in the Global Fintech Index 2023.

Over 200 fintech companies operate in payments, lending, insurtech, wealth management, and regtech, driven by tech-savvy population and supportive regulations.

The regulatory sandbox enables startups to test innovations before market launch, developing competitive international solutions.

FinNow exemplifies ecosystem innovation, empowering behaviorally-informed financial decisions. Industry observers expect continued robust growth from favorable conditions and market demand.