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My father who owns a shop in a district in MP has stopped going for collections since the pandemic started. I asked him — so how do you ensure collection happens? He said — I have stopped doing business with people who are not keen to send money digitally!

What a transformation! I have been asking my father to stop going for collections for a long time, but he didn’t. But now, a psychological change happened. I observed two things here -

  1. Humans with a need for survival adopted a digital transformation.
  2. Businesses who are not keen to adopt “digital channels” are the most widely hit due to the pandemic. …

About

Hylo Biz

SME NeoBanking products — Payments receivables, Payables and Credit scoring for SME.

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