Mobile wallets grew as a result of the lockdown

 

During this past year, online buying and other digital activities experienced a drastic growth and this has led to an increase in people using mobile wallets. This is a result of the coronavirus pandemic. Indeed, government lockdowns have led to more buyers depending on e-commerce and other online platforms. This has been the case in several countries across the globe. As such, in a bid to conduct financial transactions with ease, consumers have been choosing to leverage new technologies to complete their tasks.

Mobile wallets experienced growth during the lockdown © Royalty-free image