Remote Working and Fintech Opportunities
Remote working is rapidly picking pace in the global working setup nowadays. Only a few years back, remote working was seen as an alternative to only a handful of companies policies. In the present day, remote working not only became the saving grace during the pandemic but has also proven more efficient and beneficial for many industries. Thanks to the brilliant scope and reach of technology, many of us had the privilege and opportunity to continue in remote setups.
Many companies have now started offering remote working setups owing to the massive success of remote working and its contribution during the pandemic. A large number of these jobs offer permanent remote working systems.
A few industries have witnessed the impact of the growing demand for remote workers globally, where it seems to have achieved an exhilarating niche, fintech being one of them.
Fintech has been in the limelight for some years now, owing to its rapid development and evolution, which has disrupted some of the mainstream past practices. With fintech’s steaming engine refusing to die, the industry has become one of the most valuable industries ruling the global economy. Unlike other industries that underwent turmoil because of the pandemic, the fintech industry experienced an excellent growth trajectory.
The prominence of online payments, tap-and-go payments, cross-border remittances, e-wallets, UPI (Universal Payment Interface), and many more technologies grew globally due to the impact of Covid-19 on businesses and our daily lives. With governments imposing nationwide lockdowns, it became impossible for people to sustain their businesses, jobs, and livelihood and provide for their families, giving rise to the need for alternatives to the existing setups.
Remote Working Prompting Fintech Opportunities
Although driven by the pandemic, remote working and fintech have developed a symbiotic relationship, where both have considerably benefitted from the other. Fintech’s contribution in facilitating remote working is undebatable. Powered by technology, the fintech industry has broken several conventions and made pathways that have helped connect the world better. With remote working’s application and prominence actively growing, there have been uncountable growth opportunities for fintech. The most distinguished category that has driven the success of this symbiotic relationship is e-Payments.
E-Payments and Remote Working
E-Payments have been one of the single-most effectual factors that have helped people sustain their businesses, livelihood, and jobs during the pandemic. As more and more people work remotely, the role of e-payments takes a bigger and more relevant shape.
People living in cities all across the globe are ordering food online like never before, giving rise to fintech opportunities. Concepts like “Staycation” and “Workation”, have emerged due to the growing prominence of remote working, giving way to more fintech opportunities in the form of virtual cards, online payments, etc. Remote working has also had a massive contribution to online shopping. Being confined to limited space with limited people nudged the masses to explore online shopping like never before, which gave behemoths like Amazon even further success. With the online market becoming the new normal, countless new businesses established an online-only presence, compelling many existing businesses, to also explore and offer online portals, making way for more fintech integration.
Final Thoughts
The roles of fintech and remote working have genuinely flourished with time, and their importance has grown exponentially across the globe. Fintech has seen some remarkable opportunities come it’s way owing to the growth of remote working. As more people choose remote working over fixed offices, the number of fintech opportunities grows. Remote working and fintech have grown extensively together throughout the pandemic, and even today they continue to rapidly expand.
