Fintech In Asia Gains Momentum As Consolidation Continues Says FintekAsia.com

Dalian, China, May 9, 2016 /ChinaNewswire.com/ - Financial technology, e-commerce, and online payments are all booming industries in Asia, especially in the largest markets of China, India, and Japan. From startup fintech incubators in Hong Kong to e-commerce vendor aggregators in Mumbai to huge online payment services in Hangzhou, many banks, traditional industries, and Internet companies are investing in the opportunities afforded by the growth of fintech in Asia.

"FintekAsia.com has combined the best news covering fintech in the region," says Roger Wu, editor at FintekAsia.com. "Our aggregated news partner list will continue to grow as we amass more immediately-usable information for finance, investment, banking, and technology professionals who need the latest news to make critical decisions in the region."

According to a Citigroup Inc. report released in March 2016, "China's e-commerce ecosystem is now larger than any other country in the world in terms of transaction volume." And statistics from China Internet Network Information Center also show that mobile payment users increased by more than 65% in the past year.

"Consolidation, especially in China, will continue as the largest services from Alibaba's Ant Financial, Tencent's Wechat Pay, and Baidu's Wallet service continue to accumulate smaller services," says Wu.

To help service the fintech market better, FintekAsia.com expects to hold and sponsor more regional events during 2016 to help connect fintech investors, businesses, and researchers.

FintekAsia.com started in early 2016 as a result of the increased demands of news and business intelligence for fintech news. As a part of the Asia Media Network, it has a great scope to draw in new high-level readership and produce compelling news reports. More information is available at FintekAsia.com.