EY Report: China Sees Highest Uptake of Fintech

China ranks top among 20 world markets in terms of fintech adoption, with 69% of surveyed consumer respondents saying they are actively using fintech services, 33 percentage points higher than the global average, according to a report by consultancy services provider EY; the report is based on more than 22,000 online interviews in 2017; around 64% of fintech users said they prefer using digital channels to manage “all aspects of their life”; money transfer and payment services are major drivers of the fast growth, said the report. Source

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