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      "text": "Finding 1: 25% of SMEs have adopted FinTech globally.",
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      "text": "FinTech adoption rate: 25%",
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      "text": "Global FinTech Adoption Index 2019",
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      "text": "Our survey shows that the FinTech adoption rate among SMEs is poised to rise. About 22% of non-adopters already use FinTech services in three categories, which means they are on the verge of becoming FinTech adopters. This ties in with our question about future use, in which we asked SMEs if they intended to use each FinTech service in the next year. By that measure, the global adoption rate could surge from 25% to 64%. FinTech adopters share common characteristics across markets. They are likely to be high-growth companies, backed by venture capitalists (VCs): adoption rate among VC-backed SMEs is 38%. Adopters also tend to have a global outlook: the adoption rate among SMEs with an international customer base is 55%. There is also an emphasis on internet sales, with nearly all FinTech adopters (96%) agreeing that online and mobile sales channels are important to their organization. FinTech adopters are also heavy users of online payment processors and online billing and invoice management solutions.",
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      "text": "Across the five markets we surveyed, China displays the highest FinTech adoption rate at 61%, followed by the US, at 23%. The adoption rate globally is 25%. That means that within the past six months, one in four SMEs globally has used services provided by a FinTech in all four categories. When SMEs use a FinTech, it essentially means that they have selected that FinTech to be a vendor. Because SMEs commit resources and personnel to select their vendors, the decision to use a FinTech is deliberate and made in a professional context. SMEs adopt FinTech to address specific business problems and provide credible solutions. Therefore, 25% is a high adoption rate when it comes to companies adopting new technologies. The exceptionally high adoption rate in China is indicative of the widespread use of financial platforms and ecosystems. Were China not part of the mix, the average global FinTech adoption rate would be lower, at 17%. In that case, the US would have the highest SME FinTech adoption among the four markets, followed by the UK and South Africa.",
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      "text": "SMEs worldwide have become significant users of FinTech",
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