I don’t know about you, but I haven’t used the cash in my wallet since the onset of the lockdowns in March 2020. And I don’t miss it at all. I’ve found that the digital financial life is fast, safe and provides easy ways to track.
Digital, mobile and social channels are an indispensable part of everyday life. This was true before the pandemic but is even more definitive now. Economic lockdowns, social distancing and remote work have all contributed to a rapid migration to digital technologies.
Recent data from McKinsey argues that the U.S. advanced five years ahead in consumer and business digital adoption in only eight weeks. Schools pivoted to online learning, doctors adopted telemedicine, grocery stores shifted to online ordering and delivery and so on. Financial services were no different.
Read David Blumberg’s Full Forbes Article Here.