Singapore's fintech adoption almost triples in 2 years

The rate of fintech adoption among Singapore consumers has almost tripled in just two years, according to the EY Global FinTech Adoption Index 2019. Singapore's adoption rate jumped from 23% to 67% between 2017 to 2019. The jump positions Singapore as a leader across Asia-Pacific, though the region's overall adoption rate is nothing to scoff at (64% in 2019, from 33% in 2017). But outshining Singapore, China and India emerged global leaders with a 87% consumer fintech adoption rate. Globally, an average 89% of consumers are aware of the existence of in-store mobile phone payment pl...