SCMPࢀ™s inaugural report finds 87% of consumers in China use fintech services

China may be on its way to becoming the first cashless society, according to the inaugural report of South China Morning Post, which explored the financial technology (fintech) ecosystem of one of the worldࢀ™s largest economies. ࢀœChina Fintech Reportࢀ"¹à¢€ reveals Chinaࢀ™s massive domestic financial market has an estimated 87% of consumers using fintech services, a $29 trillion (200 trillion yuan) mobile payment market in 2019, and the largest global market for online securities trading. The report is a comprehensive resource on the latest trends and future trajectory of the worldࢀ™s largest financial technology ecosystem. It contains detailed information on one…