Payment startups big winners of e-commerce boom

Startups in the flourishing digital payment industry are now worth a fortune as Covid-19 has forced people to increasingly embrace e-commerce. — AFP Relaxnews

They were little known before the pandemic, but startups in the flourishing digital payment industry are now worth a fortune as Covid-19 has forced people to increasingly embrace e-commerce.

Online shopping, contactless card readers and mobile payments are nothing new, but lockdowns and fears of contagion changed consumer behaviour during the coronavirus crisis.