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. ​ 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. Beginning from the early 2000s, the payment and settlement system of Korea has been re-shaped and reinforced around credit cards, and this transition was made possible due to the well-penetrated banking sector. Still, there is room for further innovation in terms of consumers’ convenience built into a robust payment and settlement system, but regulation reforms should precede for ideas to materialize in this direction.