NEW DELHI: India has become one of the leading markets for finance apps usage after China, according to data from App Annie and Liftoff.Developing markets such as Indonesia (+115%) and India (+95%) are seeing hockey-stick growth year-over-year when it comes to finance app usage.Tez — Google Pay in India — had a breakout year, adding 36 million new downloads and chalking up 50% year-over-year growth of its download base.In comparison, mature markets such as France (+15%), Germany (+30%) and Japan (+30%) are seeing healthy increases year-over-year, while sessions are gaining steam in North America (Canada +2% and US +10%).Global consumers accessed finance apps over 1 trillion times in 2019. That’s double the number reported in 2017. Session growth rates range from 35% to nearly 4x as consumers turn to apps to manage their financial futures.The potential for future growth is strong, as deregulation opens new markets and innovation continues, said the report.The size of the user base belonging to the top 10 fintech apps (measured in monthly active users or MAU) increased by 20% compared to 15% for traditional banking apps.In APAC — with the exception of China — the audience for fintech apps grew at least twice as fast as banking apps.Significantly, the difference is most dramatic in Indonesia and Japan, where growth in the number of fintech app users exceeds that of banking apps users by a factor of up to 3x.It’s a different story in Canada and Germany where the growth gap between fintech and banking apps narrows to 1.2x.