A global transition of payment is underway, challenging incumbents and re-defining the long-established payment methods and timescales. In general, the history of payment is characterised by constant societal and technological change, as well as by increasing indispensability to economic activity. At present, the rise of the Internet, digitisation, and changes in consumer preference have accelerated the usage of e-payments.
Post-COVID, the world has changed, and social distancing has become the norm. Right from city-based side-hustlers to local sole traders, there is a need for flexible, safe, and adaptable finance tools. And this is where London-based startup Pomelo Pay fills the gap.