The recent rapid development of FinTech and related spheres has fundamentally changed various economic sectors into increasingly innovative, varied, and customer-focused. Some countries have gradually arrived at a national-level FinTech ecosystem that can cater to different stakeholders’ needs and leapfrogged those of other countries. And yet, not all countries can successfully leapfrog others in their FinTech ecosystem development. This paper focuses on the case of Russia and its successful development of the FinTech ecosystem bringing valuable insights for promoting growth, access, and innovation in financial ecosystems worldwide, benefiting society and the economy. Our preliminary findings suggested some of the triggers of such leapfrogging, as well as the involved stakeholders and their actions.
Nurbaev, Vladimir; Au, Cheuk Hang; and Chou, Chih-Yuan, "National FinTech Ecosystem Leapfrogging – Case Study of Russia" (2023). ACIS 2023 Proceedings. 3.