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FinTech: Coronavirus Impact on Payments (Near-Term Challenges Unlikely to Deter Secular Tailwinds)

March 2020 signalled the beginning of a steep decline in payments volume across the world as the COVID-19 pandemic forced many places into a lockdown. Fitch however believes that despite current contractions, long term growth drivers remain intact and in some cases even boosted certain growth trends, such as growing e-commerce and the shift from cash to digital payments.

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