Nation sees highest uptake of fintech

Money transfer, payment services among major drivers of fast growth

China ranks top among 20 world markets in terms of fintech adoption, with 69 percent of surveyed consumer respondents saying they are actively using fintech services, 33 percentage points higher than the global average.

According to the report by consultancy services provider EY, based on more than 22,000 online interviews in 2017, global fintech adoption has been growing fast since 2015 when EY did its first study on the issue.