Total investments into peer-to-peer lenders, payment services companies and internet insurers globally rose to $19.1 billion, 60 per cent more than in 2014, data from KPMG and CB Insights showed.

In Asia, investments rose at a much faster pace, led by mammoth funding rounds for fintech companies in China and India, and with billions of consumers in the region using their mobile phones for everything from buying insurance to paying for goods, the trend is expected to continue.

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