EY: India, China lead emerging market FinTech adoption

August 27, 2019 | FinTech

Written by FinTech Alliance

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EY
EY: India, China lead emerging market FinTech adoption

Global consultancy EY has found that FinTech adoption around the world grew to an average of 64% this year.

In Brief:

  • The report noted India and China led emerging markets, with 87% adoption.

  • It cited an ‘exponential’ rise in India since a digital push by the government and the demonetisation of a large amount of notes.

  • Consumer adoption in the US has grown 29.4% in the past four years.

What does this mean?

The report has been picked up by the press in Asia this week, since it’s a positive sign for emerging markets like India to show how leapfrogging legacy tech has paid off.

Read more here.

 

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