Role of Digital Payments in living through COVID-19 pandemic

The world’s entire ecosystem is undergoing a downfall in revenues as banks and financial institutions are facing the impact of COVID-19. Due to the spread of COVID-19, businesses and consumers are moving away from using cash and checks for payments as cash is seen as a potential carrier of the virus. As a result, the adoption of the digital payment solution is increasing and digital payment platform are witnessing a sharp jump in the number of users as a cash transaction is declined across a country.

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ABOUT THE AUTHOR

Shubhada Khokale

Shubhada Khokale works as a Marketing Associate at eInfochips. She is working into Internet of Things and Cloud Computing domain Shubhada completed her B.E. in Computer Science from MIT, Pune. In her spare time, She is interested in Travelling, Reading and learning about new technologies.