PwC’s survey reveals how even before the COVID-19 pandemic, cashless payments like sending a text to pay for a bus ticket in Turkey, or using a QR code to buy groceries in China are evidence of a steady shift to a digital economy - a shift that might ultimately lead to a global cashless society.
Many critics have said that the budget may be politicised as the Conservative party are looking to strengthen their hold on the government. FinTechs have a very unique position in all of this, and today we wanted to look at how good the Budget is for FinTechs.
Ron Kalifa’s Review is covered in 5 sections by specialists at PwC:
Access to Investment, Listing Transformation, Skills and Talent, National Connectivity, and Policy and Regulation
‘The use of BNPL products nearly quadrupled in 2020 and is now £2.7 billion, with 5 million people using these products since the beginning of the coronavirus pandemic.’
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