Money20/20 announced today it is canceling its in-person events for the remainder of the year, and will instead host a virtual conference from Oct. 26-28.
“We really wanted to make our Money20/20 Europe and USA shows happen for you this year. Unfortunately we have had to take the very difficult decision not to run our events in 2020,” the event organizers said in a statement online. “As travel restrictions and the global response to Covid-19 have continued to evolve, it has become clear that we can no longer be sure that we can deliver the quality and quantity of attendees and ROI that our community expects from Money20/20.”
Money20/20 hosts fintech-focused events in the U.S., Europe and Asia. The company had events scheduled for Sep. 22-24 in Amsterdam and Oct. 25-28 in Las Vegas. Instead, the company aims to host in-person events in 2021, including an Amsterdam event from June 8-10, and a Las Vegas event from Oct. 24-27. In July, FinTech Futures reported Amsterdam event sponsors were considering pulling out of the event due to concerns about low attendance.
Enthusiasm for Money20/20’s in-person events this year seemed to have dwindled since the COVID-19 outbreak. In July, fintech author Chris Skinner put out a Twitter poll asking followers, “For those who normally go to Money 2020, are you going this year as a physical event?” Of 177 respondents, more than 76% said no, while a little over 15% said they were thinking about it and only 8.5% said yes.
“We will be spending the next few months reimagining our shows for 2021 and beyond, using all our creative powers to supercharge the money ecosystem in new and unexpected ways,” Money20/20 said in the statement.