“The global impact of the pandemic will create a hyperdrive to digital banking solutions.
We have yet to see the full damage that the COVID-19 pandemic has caused. So far, every precaution we have taken to stop the spread of COVID from wiping down door handles, wearing masks, sanitizing everything we touch, etc., will not subside any time soon. Further, we are seeing fewer consumers handle actual cash, as it tends to carry the largest pathogens of germs due to the amount of circulation each bill endures through its lifetime. With the COVID-19 pandemic putting digitization into hyperdrive, we will see much greater use of digital banking technologies across channels and outside the brick and mortar, eliminating physical cash reliance.”