Day: July 1, 2020

Impact of Covid-19 on Payments and Fintech

Covid-19 has disrupted the economy in a real bad way. One thing is crystal clear: the economic and human impact is significant due to this virus. The way people shop has drastically changed. People have become more cautious to shop at public places. Also since many people are working from home, they are comfortable being at home and prefer things to come to their doorstep than them stepping out. At the same time, even the way they prefer to make the payment has changed. It is going to be a challenging situation if there is a sudden spike in payment processing both for payment processors and merchants.

Desire To Be More Cashless:

People are really cautious about using cash and coins during the current situation. That’s because the virus can survive on cash and coins. It can survive on metal surfaces such as doorknob, counters etc.

There is a significant … Read More