Thursday, 10 March 2022
How Covid Changed the Payments Industry
Covid-19 caused clear shifts in payments preferences, changes that continue to reverberate through both banking and the world of nonbank payments providers. The most recent Federal Reserve Payments Study, delving deeply into data from 2019 and 2020, shows clear evidence that the pandemic jump-started migration from traditional forms of payments to a myriad of remote and innovative forms of payments.
Labels:
banks,
business,
covid19,
DeFi,
digital money,
fintech,
money,
neobanking,
payments