The global pandemic of 2020 has created opportunities for digital payments, a type of financial technology (‘FinTech’). Lockdown restrictions across the world have led to a big surge in digital payments and online payment platforms globally. According to Mastercard’s research in 2020, 64% of European consum-ers prefer to pay by tap-and-pay cards (Mastercard, 2020). ATM cash transaction withdrawals in the UK fell by 62% in late March 2020 when the lockdown re-strictions were imposed. In Spain, cash withdrawals dropped by 90% (Thomas & Megaw, 2020). Countries such as Russia and the USA however have seen a brief surge in cash withdrawals due to fears of cash hoarding. Rise in the use of digital platforms will boost digital financial products and e-commerce. At the same time, however, the sharp rise in digital payments has excluded the vulnerable,