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China is leading the way when it comes to fintech – What's new?

News you want to use week 24.

Last week, hundreds of fintech companies, from startups to tech giants, gathered at the Money 20/20 conference in Amsterdam, Netherlands. One key theme at the gathering was China’s leading role in the fintech industry. Alipay, a mobile and online payment platform, has 870 million active users, with 600 million in China and 270 million in the rest of the world.

These user numbers are a testament to how quickly Chinese consumers have leapfrogged ahead of other countries when it comes to using fintech.

 

Read more? Approx 2 min