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The COVID-19 pandemic has created many payments and financial challenges for businesses and consumers alike, Angelos said, and money movement is digitizing rapidly, largely driven by FinTechs that are driving that digitalconversion among consumers. Building A Faster Fast Track .
While the eventual goal for perhaps all participants in the pre- COVID-19 commerce ecosystem was to center their operations around a digital-first mentality, priorities have shifted some in the last several weeks. The percentage of consumers buying groceries online has tripled, from 3 percent on March 6 to 9 percent on March 28.
Last but not least: there must always be an emergency exit in a digitalconversation. While the focus was on Germany, the ideas and direction are common across many countries in Europe and beyond, where high inflation and energy costs, along with other factors, are driving more people into delinquent payments.
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