Millennials are looking for more transparent and flexible ways to pay. And with more than half of the world's population (over 3.8 billion people) under the age of 30, they're leading a transformation to digital payments.

The health crisis has transformed the buying behaviour of consumers, along with their willingness to spend, their prioritisation of products and, given ongoing lockdown measures, the method in which they spend.

The way people shop may have changed forever as a result of the COVID-19 pandemic. An accelerated shift to online shopping and changing trends among young shoppers have seen the rising popularity of alternative credit firms.