Digital Market Outlook: FinTech transaction value in countries worldwide 2018

This statistic presents a ranking of the countries with the projected highest value of FinTech transactions worldwide in 2018. In 2018, China is forecast led the field with a FinTech transactional value amounting to approximately 1.6 trillion U.S. dollars. The United States and the United Kingdom (UK) took the second and third place in this ranking with financial technology transactions worth approximately 1.6 trillion U.S. dollars and 216 billion U.S. dollars, respectively. Of Asian markets, Japan had the second highest FinTech transactional value after China. An overview of all Digital Markets can be found here.
Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.

Countries with the highest FinTech transactional value worldwide in 2018 (in million U.S. dollars)*

Characteristic	Value in million U.S. dollars
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Release date

May 2018

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Region

Worldwide

Survey time period

2018

Supplementary notes

* Estimate.

“FinTech” is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook; digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

The characteristics of the digitization process of financial services include: simplified access for end users via the Internet or mobile Apps, an increase in the processing speed of automated processes, reduction in costs, a stronger focus on customer service, more convenience, higher transparency and the exploitation of network effects.

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