Which of the following global occurrences increased the use of Fintech? OCorona virus pandemic OCorona virus vaccinations OCorona virus deaths OAll of the above virus hospitalizations
Solución de tutoría real
Responder
Solución
Revisado y aprobado por el equipo de tutoría de UpStudy
Mind Expander
The coronavirus pandemic acted as a catalyst for the adoption of Fintech solutions worldwide. With physical distancing measures in place, people turned to digital platforms for everything from banking to investing, leading to a surge in contactless payments and online trading. This shift not only demonstrated the convenience of Fintech but also highlighted the need for efficient financial services in challenging times. As traditional brick-and-mortar banking faced operational challenges and reduced foot traffic, Fintech emerged as a lifeline for consumers and businesses alike. The pandemic encouraged innovations such as peer-to-peer payment systems and digital lending, making financial services accessible to a broader audience. So, while the pandemic was undoubtedly challenging, it also sparked a Fintech revolution!