Many people would rather not handle cash or touch a germy ATM in the era of COVID-19, and as a result, the wallet is facing potential extinction. Given that the wallet is a traditional entry-level product, luxury brands will have to innovate to attract new audiences.

Gen Zers are increasingly prioritising banking that’s both ethical and sustainability-minded. Tomorrow, a challenger bank founded in Germany, positions sustainability as its top goal, leading the way for brands to merge necessary service offerings with values-driven behaviours.

A study has found that a majority of people worldwide wouldn’t welcome digital currencies issued by major internet tech companies, such as Facebook’s Libra. As scandal-beleaguered tech companies look to launch into finance, they’ll have to work hard to earn trust.

China may be returning to a state of ‘normality’ following COVID-19, but after spending months in lockdown, certain crisis-time consumer habits seem to be sticking around – one of the most visible being a mass shift to e-commerce. So, how do people want to browse and buy online post-pandemic?