Cashing in on the transition to a cashless society

Pandemic has led to more dependency on digital payments

clock • 4 min read

Although most areas of our lives have become fully digitised over the past two decades, the way we pay for goods and services has remained remarkably analogue in the Western world.

While some of us have taken to using our smart gadgets at checkouts we have largely continued to live our lives in a world dominated by cash and cards. But over the past two years alone, the pandemic has forced us into greater dependence on digital payments, wallets and even currencies, than ever before. A huge investment opportunity is presenting itself in the emerging disruptive fintech firms, payments giants and digital banks to enable our transition to an increasingly cashless society. Emerging velocity While the concept may appear relatively new, the digital payments economy...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot