China Leads the Way in FinTech Adoption

In certain circles, FinTech has been one of the hottest buzzwords of the last few years, as investors clamour to get on board with the future big players in the emerging industry. In terms of adoption rates though, FinTech still has a long way to go.

Nowhere is the less true, however, than in China. Of the digitally active population there, 69 percent of people are users of some kind of financial technology service. India and the UK make up the top three with 52 and 42 percent respectively. Of the countries looked at by professional services firm EY, the industry has made the least progress in Belgium and Luxembourg, where only 13 percent are users.