Reports indicate that the 2020 health emergency has increased the use of digital transactions while decreasing the use of physical money.
Free Book Preview Money-Smart Solopreneur
This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success.
3 min read
For some time it has been predicted that, eventually, cash could fall into disuse to give prominence to electronic payments. Now, the COVID-19 pandemic could make these projections a reality.
Based on the trends seen in 2019 and so far in 2020, it is speculated that global cashless transactions will have an annual growth rate of 12% until 2023. In Latin America the growth rate will be 6%, according to the World Payments Report 2020 published by Capgemini.
The same report indicates that