In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.
VISA surveyed 4,500 consumers and 2,000 small businesses in eight countries—the U.S., Canada, Brazil, Germany, Ireland, Hong Kong, Singapore and the U.A.E.—from 18 - 29 June 2020.
The accelerated adoption of digital has changed the way members will utilize credit unions and evaluate credit union services.
Airtel Africa, a telecommunications and mobile money services company, is scaling up its operations with the help of WorldRemit, a digital money transfer service provider, to broaden its instant money transfer services across Africa.
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
As governments issue movement restrictions to help curb COVID-19, businesses accelerated their digital transformation which includes, among others, digital payments.
The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.
COVID-19's Impact on Latin American Online Payment Methods 2020 - Digital Payments Boosted During the Pandemic
Since the outbreak of the COVID-19 pandemic, online purchase transactions have been on the rise in countries including Brazil and Mexico.