How New Tech Is Transforming Finance In Emerging Markets ...Middle East

OILPRICE - Economy
How New Tech Is Transforming Finance In Emerging Markets
source : OILPRICE ( Middle East ) () 31
Even as the global economy grapples with inflation, supply chain constraints and high commodity prices, new payment solutions are helping billions in emerging markets access and deploy much-needed capital. Driven by a decline in cash payments during the Covid-19 pandemic, digital payments skyrocketed in line with the growth in e-commerce, as the financial technology (fintech) sector expanded to provide consumers with a wider variety of payment options. The growth of digital payments has been strongest in emerging markets, where noncash retail payments…

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