Global Fintech Adoption

Global Fintech Adoption

By Ashok Raman, 03 June 2022
Global Fintech Adoption

The global fintech industry has seen widespread adoption, consistently doubling every two years from 2015 to 2019. 64% global consumers adopted fintech services in 2019, compared to 16% in 2015, a cumulative annual growth rate of 43%. 

What’s most intriguing about the growth of Fintech worldwide, is that leading markets in Fintech adoption, measured by the percentage of a country’s population that has used at least one fintech service, are predominantly emerging markets. Places such as China (87% consumer adoption), India (87%), South Africa (82%) and Mexico (72%) blow developed markets like the USA (46%), Canada (50%) and Japan (34%) out of the water. In fact, the bottom 11 countries are all developed markets (Western European and North American markets, Australia and Japan), and 7 out of the top 10 countrie

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