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Finally, fostering a strong demand for payment solutions requires continuouseducation and awareness efforts to encourage consumers and businesses to adopt digital payments. In the lending space, the number of peer-to-peer borrower accounts reached 30 million in 2021, rising at a CAGR of 50% between 2018 and 2022.
For example, in 2018, 18% of American doctors reported treating a patient via telemedicine. Teachers, administrators, students, and parents around the world scrambled to find solutions that would enable learning to continue. Education is commonly said to be countercyclical, with demand increasing in times of economic downturn.
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