Traditional money changer business disrupted by FINTECH start-ups…

Technology disruption is happening in every industry. Even the traditional money changer is facing the pressure of FINTECHs (Financial Technology Start-ups) changing the way currency exchange is done. FINTECHs have a wider reach, lower fixed costs (eg. No retail rental) and can operate 24hrs without human intervention). It’s a question of time before a cashless society becomes a reality. Check out this article on what’s happening to the currency exchange industry….

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