Transacting safely in times of coronavirus; how the pandemic has fuelled digital payments
Progressive Grocer|June 2020
Transacting safely in times of coronavirus; how the pandemic has fuelled digital payments
THE RAPID SPREAD OF CORONAVIRUS POSITIVE CASES IN THE COUNTRY HAS NECESSITATED A TRANSITION FROM BANK NOTES TO DIGITAL PAYMENTS.
Nityanand Sharma

The novel coronavirus (COVID-19) outbreak has traversed around the globe and has infected over 9.4 million people. What started as a supposed epidemic quickly emerged into a pandemic, leading to a public health and economic crisis of epic proportions. Businesses across industries and sectors have experienced a first-hand impact of the virus outbreak due to the ongoing nationwide lockdown, manpower shortage, and supply chain issues.

Some sectors like travel, aviation, and logistics have come to a grinding halt, whereas the rest are operating at limited capacity. Despite the severity of the present scenario, the digital payments segment stands to benefit tremendously from the pandemic in the long run. Let us see why.

Reluctance to handle physical cash

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June 2020