The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.Existing wealth has grown much richer in the developed economies, resulting in the exclusion of other classes caused by monetary policies designed to stimulate the economies. What’s unique about this great wealth transfer east is that this region has the highest share of their investments in cash and deposits.
This is the great fintech and digital opportunity.
The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth. With the accelerating pace of innovation in mobile communications and fintech, the region is expected to not only leapfrog the US & Europe by 2019, but also integrate millions of unbanked people into the global economy.