paper fintech finance FinTech - Shaping the Financial World

The economic forces driving adoption across countries

Author: Jon Frost

  • How does fintech develop differently around the world? Why?
  • The fintech market has a lot of opportunity for growth
    • Growing where the current financial system isn't meeting demand
  • The average cost of sending $200 USD to EMDEs is 6.84%
  • Fintech innovations often have a higher up front cost but lower cost per new customer
  • Fintech adoption is higher where financial services are very expensive or there isn't much competition
  • Regulatory environments can both hinder and help fintech adoption
    • Regulatory arbitrage doesn't seem to be a high driver for adoption
  • Countries with a younger generation are also adopting fintech faster
    • More digitally active users
    • More trust in technology?