China global lead in Fintech and Mobile Payments

China global lead in Fintech and Mobile Payments

Mobile payments are just one of seven key markets for China’s booming fintech industry. Fintech is short for “financial technology” and refers to the application of technology within the financial services industry. Other areas include online lending, consumer finance, online money-market funds, online insurance, personal financial management, and online brokerage. Of the 27 fintech “unicorns”—fintech startups with valuations exceeding $1 billion—in the world, nine are Chinese (including one from Hong Kong) and 12 are American. Benefits Of Running In Groups China has leapfrogged ahead to become the undoubted center of global FinTech innovation and adoption – thanks to developments […]