Friday
June 7
2019

Fintech Adoption up 64% With India and China in the Lead

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.

Source: International Investment (link opens in a new window)

Categories
Finance
Tags
emerging markets, financial services, fintech, mobile money