The Covid-19 pandemic has made us extremely vulnerable. Throughout this crisis, more than ever, we have come to rely on computer systems, mobile devices, and the Internet to connect, shop, work, and exchange information.
Owing to the pandemic, retailers rapidly added new shoppers’ fulfillment possibilities, revamped their ecommerce sites, and moved their technology investments in light of changing consumer behaviours.
As a result, many digital and e-payment platforms have never been stronger. The Covid-19 crisis may have put the world economy on the sidelines, but in recent months online payment transactions have jumped by almost a third.
Average spending has tanked, but we still need money for our basic essentials. This need is greater than ever in these hard economic times, contributing to an rise in the demand for money transfers as well as digital payment platforms.
The Covid-19 winners
During this time, it has become significantly less tempting to visit brick and mortar banks but for most fintech firms, the future looks really bright. WorldRemit, for example, recently announced that the pandemic has stepped up the company’s rapid growth they have…
