The World Economic Forum in collaboration with The European Sting puts forward the interesting idea that the impact of fintech may be underestimated; financial innovations are unlike other inventions in that they can directly impact the efficiency of the financial sector; they point to the massive impact of M-Pesa in Kenya, as well as Alipay and WeChat Pay in China where fintech has increased the efficiency of the financial system; fintech could help drive economic growth by improving capital allocation and increasing efficiency. Source.