With Portugal under lockdown and shoppers seeking to avoid cash payments, fintech is a sector that has reported some good news. A survey of its members conducted April 14–16 by the local fintech association, Portugal Fintech, found that almost a quarter of the undisclosed number of respondents said the Covid-19 pandemic had had a positive impact on revenues. While 14% said the effect had been positive, a further 10% had seen their revenue increase by 30% or more. Only 3% of fintechs surveyed had had to resort to laying off staff. In the area of funding too, of the 29% in the fintech segme...
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