The chief among the losers are cash transactions due to health hazards associated with the practice, and this has forced many Deposit Money Banks to close their brick and mortar offices to customers while the government fight the scourge of coronavirus, the report said.
“In practice, the reality will fall between the two extremes. We can still identify a few very likely trends, however. “Mobile telephony is another winner as we are obliged to make use of conference calls and video conferencing for routine conversations with colleagues and clients that we often held face-to-face in the office.
It added, “Thirdly, the crash in the oil price due to the weakening of domestic demand that was already evident before the onset of the virus has given fresh legs to fossil fuels.