The future of payments: Could Covid-19 end cash’s reign?

  • Covid-19 is pushing people to look at alternatives to cash, increasing the adoption of electronic payments

  • How banks can benefit: 1) Operating costs can be reduced; 2) Electronic payments can be a valuable revenue generator

  • Beneficaries: Equity (Kenya) and BRAC (Bangladesh) in banks, Safaricom, Sonatel in telcos and Qiwi and Jumia in tech

March 30th, 2020
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