In advanced economies FinTech firms are focused on enhancing the efficiency and profitability of financial institutions. Financial inclusion, however, is an important dimension relevant to emerging economies. FinTech can alleviate these difficulties posed by limited access to financial services.

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Mobile payment services are blooming in China. Chinese users can now use these services to purchase goods and pay bills not only at domestic shops or even street merchants, but also at overseas stores. Equipped with a stable working system, Chinese service providers are trying to expand their territory into nearby countries where payment systems remain underdeveloped.