This week EY published its
fintech consumer adoption trends survey. There are significant regional variations with BRICS countries taking the top four spots. Chinese and Indian users have the strongest appetite for fintech at 87% adoption each. Russia and South Africa took third and fourth spots at 82%, and Brazil was only sixteenth with a rate of 64%.
The U.S. trailed in at 24th out of 27 countries with 46% adoption, one spot behind Canada. The global average is 64% according to the survey of 27,000 people.
This week the
SEC announced it is suing Kik over the messaging company’s $100 million ICO. There’s been a backlash with some saying the SEC is being heavy-handed and will push cryptocurrency business to Asia. But EY’s statistics show that already consumer demand for fintech is higher outside of the U.S.
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