Money & Payments

As the COVID-19 pandemic continues to bring rapid changes to all areas of business, we finally have an idea of what the new, leaner financial sector will look like in the aftermath.

In recent months, we’ve witnessed a stark acceleration in the switch to electronic payments. Arguably, out of necessity rather than choice. However, this shift only intensifies the age-old debate that cash is no longer king.

Despite being riddled with historic inefficiencies, payments are often overlooked by companies. But COVID-19 has exposed how slow, outdated payment processes are hurting business. Here are three key areas where new payments technology helps…

“Building societies will never be able to keep up with startups and online-only banks," is a common platitude you may have heard thrown around. With the right investments, however, building societies can remain competitive yet.

It was around the year 2000 when e-commerce became widespread and more popular among people. Online businesses were showing great potential and were promising returns. On a global level, we began to embrace the concept of using the internet…