A recent study by International Monetary Fund found that digital financial inclusion improved around the world, particularly in Africa and Asia, and even where traditional financial inclusion was stalling or declining. In China and India, online payments and messaging apps prompted the development of fintech services. In all cases, the development of digital money was spurred by systemic actors, such as Alipay and Wechat Pay in China, and Paytm in India.
Read more at IMF.com