E-commerce and payments services have been major beneficiaries of the COVID-19 pandemic. Some vendors are experiencing monthly growth rates five times above their best ever sales performance. However, for users trying to become fully digital, remote supplier evaluations are proving to be challenging, particularly as suppliers themselves are scrambling to manage through the turmoil.
This economic crisis also exposes the critical risks in the payments space. As we turn our attention towards the spectacular fall of Wirecard, the German payments company, we see implications that even companies not using their services could be affected by the collapse of this Dax 30 listed fintech.
Selection of MGI 360 Ratings to be presented (partial list):