Too Long; Didn't Read
How COVID-19 is Accelerating the Move to Branchless Banking is accelerating global trends. The pandemic might just end up tipping the scale, letting people become more comfortable with large transactions and loans being handled entirely in cyberspace. The switch to digital banking and its importance at the moment is arguably the difference between being able to put food on the table or not in a time of mass unemployment. The question as to whether this will truly undermine legacy banks and pave the way for digital-only challengers is unclear.