The central bank of central banks, the BIS or Bank of International Settlements, recently published a report titled “Covid-19, cash and the future of payments”, and it explores how the use of cash is being effected around the world in the age of pandemic.
A growing trend among the public is a concern of infection through handling of cash, and whether or not viral transmission through cash is scientifically proven, consumer preferences for payment options, are subject to change in the coming years. Adoption of next generation payment processing technologies is about to be accelerated thanks due in part to the ongoing crisis.
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