Despite the challenges posed by the ins and outs of the COVID-19-imposed lockdowns in 2021, the world of digital payments did not back-pedal in terms of its continuous innovation and rapid transformations within the ecosystem.
Merchants learned to incorporate newer and easier ways to reach and engage customers through digitally-powered storefronts; peers traded with different types of cryptocurrencies, as an alternative way to enjoy financial freedom and hedge their funds against economic instability; and more businesses embraced contactless payments technologies for more obvious reasons.
In short, financial institutions and individuals are deftly adapting to the demands of a pandemic-impacted and tech-accelerated world, which have presented an eruption of ideas, opportunities, and solutions to payment-related difficulties. These digital transformations form the springboard for what 2022 promises to unfold.
