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April 28, 2021
Forms of contact-less payments have been on the rise prior to 2020, but the pandemic only accelerated that trend. Smartphone capabilities that allow users to perform financial transactions via apps can continue to help fuel the
Financial technology, or fintech for short, is opening up opportunities for innovative companies to work around social distancing. One of those ways is via smartphone apps, where the space has risen over 60%, according to the deVere Group, one of the world’s largest independent financial advisory and fintech organizations.
“Pre-coronavirus, we were already in an exciting new era driven by the lightning pace of the digitalization of our everyday lives,” noted James Green, deVere Group’s Divisional Manager of Europe, in an email. “But like so many areas of our lives, the pandemic has accelerated this trend.”