Which country is the biggest adopter of fintech? Is it fintech powerhouse, Great Britain? Or is it its Southeast Asian rival, Singapore? Big Four accounting firm Ernst & Young recently surveyed over 22,000 “digitally active consumers” to find out and apparently, it’s neither.
According to the firm, China is the world’s biggest adopter of fintech, with 69% of its digitally active consumers using two or more fintech services in the last six months. Coming in second is India, with 52%, while rounding up the top three is the U.K., with 42%.
Interestingly enough, Hong Kong – which came in 11th place – bested Singapore with a 32% rate versus the Lion City’s 23%. Singapore, despite being Asia’s apparent fintech hub, only managed to post a 17th place showing.
In any case, here’s the top 15:
South Africa, 35%
Hong Kong, 32%
South Korea, 32%
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