How big is the fintech market in China? (2024)

How big is the fintech market in China?

China Fintech Market has generated a revenue of USD 85 Billion in the current year and is poised to achieve a CAGR of 18.05% for the forecast period. Payment platforms, which largely derive their user base from thriving e-commerce and social media platforms, by far dominate the fintech space in China.

How big is the fintech industry in China?

Chinese companies have been the vanguard in transforming financial services. Since 2013, the revenue of China's FinTech sector had increased more than 20-fold from 69 billion yuan in 2013 to an estimated 1.5 trillion in 2019.

Is China the world's largest fintech credit market?

China is home to the second-most highly valued fintech industry, with its financial technology giants worth a combined $338.92 billion in total market capitalization.

What is the size of the fintech market?

The global fintech market was valued at USD 294.74 billion in 2023. The market is projected to be worth USD 340.10 billion in 2024 and reach USD 1,152.06 billion by 2032, exhibiting a CAGR of 16.5% during the forecast period (2024-2032).

Which is the largest fintech country in the world?

Largest fintech ecosystems

According to the report, the United States is home to 134 unicorns, and, therefore, produces the most value in terms of fintech. Of the top 15 highest-valued financial technology firms globally, eight are from the US.

What is the trend in fintech in China?

The largest market will be Digital Investment with a AUM of US$1,492.00m in 2024. The average AUM per user in the Digital Assets market is projected to amount to US$186.90 in 2024. The Digital Assets market is expected to show a revenue growth of 19.58% in 2025.

What is the growth rate of fintech in China?

China Fintech Market has generated a revenue of USD 85 Billion in the current year and is poised to achieve a CAGR of 18.05% for the forecast period. Payment platforms, which largely derive their user base from thriving e-commerce and social media platforms, by far dominate the fintech space in China.

Which is the fastest growing fintech market in the world?

India is amongst the fastest growing Fintech markets in the world. Indian FinTech industry's market size is $50 Bn in 2021 and is estimated at ~$150 Bn by 2025.

Which is the 3rd largest fintech ecosystem globally?

India has ranked third among the countries with the most financial technology (fintech) unicorns in the world in 2023, with the US and UK retaining the top two positions globally.

Which country has the most fintech adoption in the world?

1. China. China and India, leading the fintech market for years, have emerged as the countries with the highest fintech adoption rate.

Where is fintech growing the most?

What is a fintech unicorn?

A Fintech Unicorn is a terminology used to describe a privately-held startup company in the financial technology industry that has a valuation of over $1 billion. This esteemed status of being a unicorn signifies exceptional growth and potential within the Fintech sector.

What is the size of the fintech market 2025?

What is the number 1 fintech company?

What is the fintech capital of the world?

The Global Capital

FinTech Atlanta is committed to connecting businesses and entrepreneurs with the tools and insight needed to succeed in our ecosystem. Check out some of our local resources.

What is the highest paying job in fintech?

Who regulates fintech in China?

The PBOC serves as the key regulatory body in these areas. For example, it issues the third-party payment licence required to engage in online, mobile and offline payment services (“Payment Licence”).

What is fintech in Chinese?

abbreviation for financial technology. 金融技术，金融科技（financial technology 的缩写）

Why has China proven to be the leader in fintech?

China's fintech¹ ecosystem has experienced an explosive growth since 2013, enabled by a substantial unmet demand for retail and small and medium-sized enterprise (SME) lending, the growth of China's middle-class consumerism, the rise of e-commerce, a high degree of digital connectivity, as well as permissive regulation ...

What is the biggest growing industry in China?

How FinTech is shaping China's financial services?

How is fintech shaping China's financial services sector? We see three dimensions of fintech in China, which are services and sales via internet channels; business model and service innovations based on technologies; and most importantly, financial institutions' operational improvements using internet technologies.

How many FinTech startups are there in China?

FinTech Startups in China. There are 3,840 FinTech startups in China which include Huobi, Animoca Brands, Bitmain, FWD, Megvii.

Which is the best country to start a fintech company?

When considering the best country to set up a fintech business, Bahrain, Singapore, India and Switzerland all have impressive stories to tell. Fintech is a rapidly growing sector, and one in which many locations are trying to attract start-up and established business.

Which is the top most fintech product?

What is the most disruptive fintech?

Coinbase. Perhaps the greatest example of fintech's disruptive capabilities, cryptocurrency, has changed the way the world views finance by splitting off currency from the influence of banks and governments.