China, India Lead the Way When It Comes to Using Fintech: Chart

(Bloomberg) -- Chinese and Indians are the biggest adopters of financial technology for services such as payments, transfers and borrowing money, according to a survey by consultancy EY. In China, 69 percent of digitally active consumers used two or more fintech services in the last six months, while in India, the figure was 52 percent, compared with the average of 33 percent across 20 markets in the study. Fintech firms are tapping into technology-savvy, financially under-served populations in countries like China, India and Indonesia, said James Lloyd, EY’s Asia-Pacific fintech leader.