The Bank for International Settlements has published a working
paper on the economic drivers of FinTech adoption, analysing key
forces such as unmet demand, competitive environment,
regulation, cost of finance and changing demographics.
On 4 February 2020, the Bank for International Settlements (BIS)
published a working paper on the economic forces driving
FinTech adoption across countries, focusing on the factors driving
the different adoption of FinTech innovations, i.e. the widespread
use of new applications, products or processes, in both advanced
economies and emerging market and developing economies (EMDEs).
According to the paper, even if FinTech is emerging in every
major region of the world, the cross-country rate of FinTech
adoption differs depending on the relevant economic environment and
field. The paper indicates that FinTech providers have established
a strong foothold in mobile payments, especially in EMDEs, where
consumers with mobile phones often
