Author: Ehtesham Peerzade

The COVID-19 outbreak has affected one’s economic and social well-being tremendously. But simultaneously, it has been a key driver of digitalization the world over. Digital payments, particularly mobile payments, have emerged as a means for enterprises and businesses to operate in this new normal. Payments historically had been confined to credit cards, debit cards, or cash. Yet with the advances of smartphones, today, payments can be made by simply taping or waiving a mobile phone over the terminal reader.