For quite some time now, contactless payment services have been introduced. In fact,
solutions such as mobile wallets have been quite
popular in China. However, they were still struggling in other countries, until
Covid-19 happened. The outbreak of the coronavirus changed the financial
landscape completely and people became more aware of the importance of cashless settlements. In fact,
governments across the world were encouraging consumers to opt for digital
methods instead of cash
to limit the spread of the virus. Hence, mobile wallet usage surged.
More people are using mobile wallets © Royalty-free image
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