E-payment use is being encouraged by authorities

The rise in e-payment use is not a coincidence. Consumers across the world are opting for cashless payment services. The current situation is unprecedented and it is affecting several economies, including the finance sector. Countries across the globe are experiencing a growth in e-commerce operations. To top it off, this shift is being encouraged by authorities who are urging clients to go for contactless settlements to increase security levels. How is that so? As advanced by the Belgian government, “paying electronically allows you to respect the social distance”.

Cashless payments are considered to be safer