2015-2024
Base Year:
2018
CAGR:
19%
Key Players:
Market Overview
Payment platforms, which largely derive their user base from thriving e-commerce and social media platforms, by far dominate the fintech space in China. Digital payment is the leading market segment in terms of transaction values.
- Total fintech investments in Asia inched up to a new record of USD 8.6 billion in 2016, although the number of deals fell by more than 8%. More than half the region’s total fintech investment came from one deal of Ant Financial’s USD 4.5 billion funding round.
- Almost half the world’s digital payments in 2017 were made in China, through apps, such as Alipay (owned by Ant Financial, an affiliate of e-commerce juggernaut Alibaba) and WeChat (owned by Tencent Holdings).
Digitally savvy Chinese consumers, who have few reservations about sharing personal information, are ready to embrace FinTech offerings, creating opportunities for FinTech firms and incumbents willing to take on digital transformation.
These opportunities will come initially from the under-banked or unbanked populations of small and medium enterprises (SMEs) and consumers with unmet needs. FinTech firms are also targeting the maturing demands of the burgeoning middle class for wealth management, insurance, and private banking.
Scope of the Report
A complete background analysis of the Chinese fintech industry (which includes an assessment of emerging trends by segments, significant changes in market dynamics, and market overview are covered in the report.
| China Transaction Volumes | |
| Digital Payments | |
| Personal Finance | |
| Alternative Lending | |
| Alternative Financing |
| Insights on Other Segments | |
| Insurtech | |
| Blockchain |
Report scope can be customized per your requirements. Click here.
Key Market TrendsBooming Digital Payments Segment
The Digital Payments market segment is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point-of-sale (POS) via smartphone applications.
- Total transaction value in the Digital Payments segment amounted to USD 1033.5 billion in 2017.
- The market's largest segment is Digital Commerce with a total transaction value of USD 754.2 billion in 2017.
To understand key trends, Download Sample Report
Personal Finance Segment
- The Personal Finance market segment contains automated investment services that enable private investors to align their investment strategy or portfolio using automated recommendations.
- Total transaction value in the personal finance segment amounted to USD 38.1 billion in 2017.
- The market's largest segment is Robo-Advisors with a total transaction value of USD 35.7 billion in 2017.
Competitive Landscape
The report covers major international players operating in the Chinese fintech market. In terms of market share, few of the major players currently dominating the market.
Major Players* Complete list of players covered available in the table of contents below


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