The COVID19 Crisis Has Accelerated The Growth of FinTech

Written by TonyToreto | Published 2020/10/20
Tech Story Tags: coronavirus | covid-19 | covid19 | coronavirus-impact-on-business | fintech | fintech-and-cybersecurity | technology | impact-of-covid-19-on-world

TLDR FinTech is one of the surging economic areas of the world. People have shown a desire to rather shop online than go outside to risk catching the coronavirus as expected, this has meant a growth in the digital payments sector. With banks closing shop and other locations seeing limited to no activity at all, people have had to move into online, digital payments as a means of keeping themselves from being stranded. Even people who preferred in-person shopping still had to open digital payment accounts as shops refused to collect cash and directed users to make online payments.via the TL;DR App

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Written by TonyToreto | Writer
Published by HackerNoon on 2020/10/20