Digital Payments Seen To Boost Post-covid Economic Growth And Recovery
The limitation of face-to-face interaction during the COVID-19 pandemic led most businesses and employers to find recourse in digital technologies to keep their operations running. The pandemic has been truly disruptive for industries. However, it also brought out opportunities that made options such as remote work, automation, and data-driven decision-making, among others, immediately feasible. The pandemic accelerated the adoption of technologies that could also ensure continuous growth and recovery in the new normal. Among the most notable technologies that have seen growth during the pandemic is that of cash management services. BDO Senior Vice President and Cash Management System Head Carlo Nazareno explained that the importance of effective Cash Management Services (CMS), especially for SMEs, became undeniable during the pandemic. “Cash management consists of the strategies and processes that allow businesses, from SMEs to the top 500 or top 50 corporations, to move cash around...