The coronavirus outbreak has largely impacted the lifestyle choices and preferences of people. The most notorious change worth mentioning is the growing inclination toward digitization. Amid the pandemic, work-from-home, online shopping, digital payments, video streaming and video game have gained immense popularity. With the new trends making way, Internet will continue to be a significant requirement in daily lives.
The pandemic has been a blessing in disguise for the e-commerce industry as people continue to practice social distancing and shopping online for all essentials, especially food items. Thus, on par with the digitization trend, the upcoming U.S. holiday season is expected to see a significant surge in online sales. A Mastercard (NYSE:) SpendingPulse report predicts online sales growth of 7.5% during the “75 Days of Christmas” period that runs from Oct 11-Dec 24.
The world is gradually moving toward digitization that is increasing the dominance of technology in the financial