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

Monday, November 13, 2017

The level of financial technology (FinTech) adoption among digitally active Indian consumers has surged over the past two years and exceeded the global average, says a report.

According to EY FinTech Adoption Index, India has the second highest FinTech adoption rate among digitally active consumers at 52 percent, only second to China at 69 percent.

Usage is significantly high in large cities with a 66 per cent adoption rate followed by 51 per cent usage and adoption in small and medium cities.

Photo courtesy of Ava Systems.