How Has Digital Finance Softened the Impact of COVID-19?

Digital finance or more specifically mobile finance made us realize about its strong existence in this critical juncture of socio-economic repercussion amid COVID-19 crisis. Concerning over usage of contagious products like cash and card, mobile-based payments are seemed to be safer and resilient in this contagious pandemic and have the potential to be a game changer for digital finance. Having shielded with patchy social distancing and protection measures, mobile finance comes as a saviour for govt to provide timely, hassle-free and efficient financial services to the vulnerable public overcoming the financial apocalypse. While cash and card can act as carrier for the novel coronavirus, there mobile finance offer contactless digital payments.