Fintech adoption rate has risen to an average of 64 per cent this year, with emerging markets like China and India leading the way, according to a report by Ernst & Young (EY).
In its report titled ‘Global FinTech Adoption Index 2019’, EY said emerging markets like China and India (87 per cent adoption rate) led the charts, followed by Russia and South Africa (82 per cent).
Among developed markets, Netherlands (73 per cent), the UK (71 per cent) and Ireland (71 per cent) saw high adoption rates, it added.
