Soon Digital Banking for Half of the Population?

New data collected by Juniper Research has found that more than half (53%) of the world’s population could be digital banking by 2026.

Currently, digital banking services reach around 2.5 billion people worldwide. According to the research, however, this could be boosted to 4.2 billion within the next five years.

The reason for the usage boost has been attributed to increased digital transformation efforts which have helped banks to continue functioning effectively during the pandemic.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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