Digital Financing services helping world coping with COVID-19

Posted by smith jones on November 13th, 2020

https://www.letsnurture.ca/blog/how-can-digital-financing-services-help-a-world-coping-with-covid-19.html

According to the recently released Global Economic Prospects, the global economy will shrink by over 5% due to the pandemic in 2020. Digitized services were already on growth before the out-break of COVID-19, and now it is one of the most needed services for finance.COVID-19 is not just a health crisis, but a public crisis hampering the financial needs of people. And this has turned out to be an economic crisis for people in developing countries. As reports of distress pour in from individuals, small businesses, and the financial institutions that serve them, it is clear that the financial inclusion community has a vital role to play in supporting the financial services ecosystem as part of the global response to the pandemic.