Three things that can speed up transition to cash-lite economy

Kenya remains a case study when it comes to a cashless economy. [Istockphoto]

Even way before the Covid-19 pandemic hit the globe, the move to cashless transactions had been at the centre of most economies. The journey to cash-lite economies is helping economies across the world increase transparency in the financial markets while also addressing threats like money laundering. Of course, for the consumer, it is more convenient, reliable and reduces exposure to theft.