Consumer adoption of fintech companies and products has grown rapidly worldwide between 2015 and 2019. As of 2019, 75 percent of consumers globally have adopted some form of money transfer and/or payment service. Insurance (insurtech) adoption has seen a significant growth from 8 percent in 2015 to almost 50 percent in 2019.
Consumer fintech adoption rates globally from 2015 to 2019, by category
The source defines adoption rate as: "The figures show the average percentage of respondents who reported using one or more FinTech services
in that category. Data for 2015 differs from that originally published in order to align to the 2017 categorization and averaging methodology"
FinTech includes money transfer and payments, budgeting and financial planning, savings and investments, borrowing and insurance.
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EY. (August 20, 2019). Consumer fintech adoption rates globally from 2015 to 2019, by category [Graph]. In Statista. Retrieved February 19, 2020, from https://www.statista.com/statistics/1055356/fintech-adoption-rates-globally-selected-countries-by-category/
EY. "Consumer fintech adoption rates globally from 2015 to 2019, by category." Chart. August 20, 2019. Statista. Accessed February 19, 2020. https://www.statista.com/statistics/1055356/fintech-adoption-rates-globally-selected-countries-by-category/
EY. (2019). Consumer fintech adoption rates globally from 2015 to 2019, by category. Statista. Statista Inc.. Accessed: February 19, 2020. https://www.statista.com/statistics/1055356/fintech-adoption-rates-globally-selected-countries-by-category/
EY. "Consumer Fintech Adoption Rates Globally from 2015 to 2019, by Category." Statista, Statista Inc., 20 Aug 2019, https://www.statista.com/statistics/1055356/fintech-adoption-rates-globally-selected-countries-by-category/
EY, Consumer fintech adoption rates globally from 2015 to 2019, by category Statista, https://www.statista.com/statistics/1055356/fintech-adoption-rates-globally-selected-countries-by-category/ (last visited February 19, 2020)
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