StartUp Magazine April 2020

Page 10

10

E-RECEIPTS

How digital receipts can be used to curb coronavirus pandemic

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ince COVID-19 outbreak started in Wuhan, China, in December 2019, we have seen the world focus on little else.

Coronavirus is putting a strain on governments globally, with deaths arising from the virus infections rising every day as the pandemic spreads to every corner of the world.

Evans Okech, director KIBO CAPITAL GROUP

Startupmagazine.co.ke

April 2020

Economies are adversely affected, with key sector under serious threats of being faced out. There are fears that the virus will leave many desolate and bankrupt, as it brings down a number of economies. As of 1 April, there were 51 confirmed cases in Kenya, with 1 death. With many nations under partial or full lockdown, the government of Kenya has told its citizens to avoid all non-essential travel, rolled out emergency measures, closed schools and universities, cancelled gatherings and told people to embrace cashless transactions and technologies that avoid physical contacts. In the midst of all this, Covid-19 is reminding people that digital economy is better placed to absorb the shocks of any disease that discourages physical contacts and social gatherings. “Although we are faced with a global pandemic that is threatening our existence, I think there is an opportunity to rethink the whole model of how we


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