Digital finance becomes lifeline during COVID-19 crisis: UN report

UNITED NATIONS, Aug. 26 (Xinhua) -- A United Nations report launched Wednesday said that digital finance has become a lifeline during the crisis caused by the COVID-19 pandemic. "The unprecedented social and economic crisis caused by the COVID-19 pandemic has put a spotlight on the role of digital finance in providing relief for millions around the world, supporting businesses and protecting jobs and livelihoods," read a report by the UN Secretary-General's Task Force on Digital Finance, launched by the UN chief Antonio Guterres. While the pandemic demonstrates the immediate benefits of digital finance, the disruptive potential of digitalization in transforming finance is immense. Mobile...