Expo 2020 Dubai: Financial Services, Fintech and Wider Digital in China

  • Date: 06-Mar-2022
  • Source: The Fintech Times
  • Sector:Financial Markets
  • Country:UAE
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Expo 2020 Dubai: Financial Services, Fintech and Wider Digital in China

With the theme ‘building a community with a shared future for mankind—innovation & opportunity,’ at an area of 4,636 square metres, the China Pavilion is one of the largest national pavilions at Expo 2020 Dubai . In terms of tech as a whole, Chinese innovation has been on display such as with one of Expo 2020 Dubai’s premier partners, Terminus Group . The company has supplied various Optis and Titan Series robots at the World’s Fair to aid visitors . With a population of around 1.4 billion people, the largest country in the world by population metric has had over 1.1 billion of its population enjoy the benefits of fintech across various areas. This includes the likes of mobile payments, insurance, banking and consumer lending. Also, fintech has allowed for over 30 million micro and small enterprises (MSEs) to gain access to loans, according to a 2021 report published by the World Economic Forum called The Next Chapter for Fintech in China . According to the same report, there are three stages of the fintech industry’s development. First, from 1984 til 2003, The computerisation of China’s banking sector was completed, which gave the country a modern payment infrastructure, seeing key