Thunderbird：2025年全球支付的未来与第四代支付网络研究报告（英文版）

The Fintech industry is revolutionizing the international financial landscape by expanding products and services to be more inclusive, more accessible, and more frictionless. According to the World Bank’s Global Findex, there are 1.7 billion adults worldwide who do not have a bank account. However, of those 1.7 billion adults, 1.1 billion of them have a cell phone which allows them to have access to certain financial services. In emerging markets, particularly in Africa, Fintech companies