NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, June 7, 2019

By Pedro Gonçalves

EY asked more than 27,000 professionals from 27 countries on their use of five fintech categories: money transfer and payments, budgeting and financial planning, savings and investments, borrowing, and insurance.

In China and India – where the likes of Ant, Tencent and Paytm dominate – 87% of those surveyed said they used fintech services. South Africa (82%), Russia (82%), Colombia (76%) and the UK (71%) also have high usage numbers. In contrast, usage is at just 46% in the US, 35% in France and 34% in bottom-of-the-table Japan.

Photo courtesy of bfishadow.