Among all the industries that got shaken up by COVID-19, the payments industry is arguably the one that saw the most disruption. However, in the past six months, e-commerce, digital payments, and other online services have all registered excellent growth. The pandemic has reshaped how consumers and businesses interact with each other and this will shape the future of the payments industry. Here are a few of the trends that were observed during this time.
COVID-19 has undoubtedly had an adverse impact on the financial world. Firms are scrambling to survive this downturn by looking for new ways to generate revenue and cut costs.
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