FinTech, RegTech and Contactless Payments Through the Lens of COVID 19 Times

Abstract

With the current developments in technology as well as global pandemics, it has become necessary for
people to embrace technology. In the recent global epidemic affecting the banking systems, cashless
transactions and contactless banking have become indispensable. The technological advancements
witnessed world-wise have played a crucial part in enabling the cashless transactions as well as
contactless banking. The cashless transactions, as well as contactless banking, have been necessitated
by the current global health pandemic. COVID-19, or rather coronavirus disease 2019, can be
controlled by minimizing interactions among people. This paper seeks to find out how innovative
thinking together with artificial intelligence and the internet has fueled Contactless Payments and
contactless banking, besides, how these developments promote social distancing in COVID-19 times