EY Fintech Adoption Index: China Tops the List, Japan is Buried at the Bottom. Where Does Your Country Rank?
By JD Alois
EY recently published its annual Fintech Adoption Index ranking 27 different countries on their willingness to part with traditional financial services and migrate to the new, shiny of digital financial services. Or, perhaps, Fintech services have simply filled a void providing a service where previously one did not exist.
The researchers at EY state:
“Adoption of Fintech services has moved steadily upward, from 16% in 2015, the year our first Fintech Adoption Index was published, to 33% in 2017, to 64% in 2019. Awareness of Fintech, even among non-adopters, is now very high. Worldwide, for example, 96% of consumers know of at least one alternative Fintech service available to help them transfer money and make payments.”
Photo courtesy of lau rey.