SCMP’s inaugural report finds 87% of consumers in China use fintech services


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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 world’s largest economies. “China Fintech Report​” reveals China’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 world’s largest financial technology ecosystem. It contains detailed information on one...