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 sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”