Cashing in on the transition to a cashless society

Pandemic has led to more dependency on digital payments

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...