70% of Britons prefer online shopping since pandemic
September 17, 2021, 3:55 am

70% of Britons prefer online shopping since pandemic

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The Yahoo Finance reported according to Reuters that a review by individual accounting startup Credit Karma showed, about 70% of Britons say purchasing online and on cell phones have turned into their favored shopping techniques, up from not exactly half preceding the Covid pandemic.

The report said the study, which has not been recently announced, studied 1,034 grown-ups in the UK in July to check how computerized spending and banking propensities have changed since COVID-19 limitations began.

More than half of respondents said their online shopping had expanded since the pandemic’s beginning, and of those, a greater number of than a third said their funds had accepted a shot as a consequence.

He added: “Healthy consumer spending, online or otherwise, is generally a sign of a healthy economy, which can be great for the market,” said Ziad El Baba, senior supervisor for UK and Canada at Credit Karma. Be that as it may, “shopping online can make the act of purchasing an item much less tangible for shoppers, making it easier for them to spend more than they would if they were shopping in a traditional brick and mortar store.”

COVID limitations have helped different advanced money regions, for example, purchase currently, pay later, which permit clients to divide installments for even little buys into portions, the review showed. Around 60% of respondents said they began utilizing purchase currently, pay later administrations during or after the pandemic.

Online stock and crypto contributing likewise saw development, with the greater part of respondents saying they began utilizing these administrations during and after the pandemic.

While online and portable financial take-up by Britons was at that point high preceding COVID-19 lockdowns, the pandemic might have sped up the shift, with 8% of respondents saying they like to bank face to face at a branch since the limitations started, down from 19% before 2020.

Source: yahoofinance

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.