New Delhi, June 29 -- Digital payments expanded during the COVID-19 quarantine as demand for payment processing continued to drive integration. Access to banking operations became an issue in the US initially as thousands of small businesses quickly applied for assistance. The initial demand for small business loans from the "CARE ACT" passed by the US Congress, overwhelmed traditional banks, which brought to light the need for fintech processing.

How Did Fintech Assist

It seems cliche to say that fintech thrives on providing access to banking and payment processing by providing a user-friendly interface and secure apps. What has occurred in the banking space is that fintech has created innovative access to an old industry during a cris...