Fintechs more likely to be licensed in upper-middle income countries
Licence issue rate across central banks broadly unchanged year on year
Central banks in upper-middle income countries issued the highest number of licences to financial technology institutions over the past 12 months, the Fintech Benchmarks 2025 find.
Respondents from the economic group allotted an average of 15.8 licences in 2024. Their peers from high income jurisdictions issued an average of 5.3 licences. Only one lower-middle income central bank provided data on the question. The respondent says it licensed just one entity within the period. In all, benchmark
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