The world has gone into isolation due to the Covid pandemic. In this critical situation, Social distancing is the most effective way to prevent the spread of this deadly virus. Covid SOP has forced businesses to realize the importance of digitization in traditional businesses.
The mandated shutdowns and social distancing measures have let the business revenues drop to negative. But this pandemic has enabled the traditional businesses to find opportunities to let their revenue stream running.
Ecommerce and fintech have helped traditional businesses to bring their businesses online and keep the revenue stream running during this difficult time. It has been observed globally that online payment has been increased by 200 percent during the Covid lockdown.
Lockdown and social distance SOP’s have forced the consumers to realize the importance of online purchase to prevent the COVID virus spread.