economies initially drove the use of electronic payments, followed by Emerging Market and Developing countries, while most low-income and developing countries have just seen its beginning.
Figure 19. Technology and Financial Inclusion
Sources: Global Findex and International Telecommunication Union.
Nevertheless, anumberofAsia-PacificEMDCs are at the forefront of some fintech use. For example, China is a global leader in mobile payments, accounting for more than half of total mobile payments in the region as of the end of 2015. 2 Mobile payments in China