Impact of COVID-19 on Cash And Online Payment Industry

Across many countries where the latest strain of COVID-19 tends to make an impact, social distancing and isolation have been put in place. Employees have been asked to work from home, cities have been placed under complete lockdown and educational institutions have been shut down, as if they never existed.

Cash as a Medium of Exchange, Loses Its Dominance
We all thought and strongly believed that cash will always be around, but it looks like COVID-19 is making us get some perspective on a lot of things, including this.

The fact that hand-to-hand exchange of cash or physical currency might transmit the virus, majority of the countries around the world are reconsidering the use of cash. In fact, it won’t be wrong to say that Corona Virus has turned out to be a catalyst in bringing digital payments into the mainstream.

For instance, China decided to abolish thousands of banknotes or disinfect them in order to stop the virus from spreading, at least in the short run. SCMP recently reported that a local branch of the People’s Bank of China has been destroying paper money that was circulated through high-risk settings in Guangdong province, such as food markets and hospitals.

South Korea also seemed to follow suit, while in the US, the Federal Reserve began to store banknotes coming in from Asia before they are recirculated back into the economy.

On the contrary, Canadians tend to go with a completely different approach. There are rumors that some people there have been shoving the banknotes into washing machines to get rid of Corona Virus, as their paper money is made of plastic. And, that is taking money laundering to a whole new level!

A Shift Towards Digital Payment Platforms
Ever since the lockdown, the frequency, as well as the total monetary value of transactions, has dropped. However, with people only buying necessary goods and storing them in one go, the value per transaction has increased more than ever before.

So, whichever part of the world you are, now is the perfect time for making the best of shopping carts and payment gateways. Having that said, apart from China, Canada, and the US, as mentioned earlier, here’s what others are doing:

Britain:

The use of cash in Britain has halved in just a few days after the imposition of a nationwide lockdown by the government. Even the stores that sell essential day-to-day use of goods and services are trying to avoid taking paper money. For transactions of GBP30 (~$40) and under, the majority of the stores tend to accept contactless payment, either by mobile payment or credit and debit card, for instance, Apply Pay.

Russia:

As far as Russia is concerned, where the official cases of Corona Virus seem to be low as compared to other countries, a lockdown is still instituted in Moscow and other major cities in the country. And, this leaves the country to rely on online payments and discourage the circulation of banknotes.

Australia:

In Australia, the basic amenities outlets and stores have also encouraged their customers to go with the online payment methods and avoid touching EPOS machines as much as possible.

Kenya:

Other emerging regions, such as Africa, known to be having the largest unbanked population in the world, is also taking measures in the global pandemic and emphasizes to make greater use of contactless payments.

M-Pesa, the dominant player in Kenya, is all set to waive fees, and hence the daily transaction limit has increased from Ksh 70,000 (=$660) to Ksh 150, 000 (=$1400).

Until 2018 or even 2019, digital payment adoption was quite slow and only was seen to be more in use by developed countries. Reasons being, demographic, cultural, and technological barriers-many of which were a function of economies at different stages of development. However, since the adoption is now made mainstream, due to the uncertain longevity of Corona Virus, getting onto the bandwagon and choosing an online payment solution is the step towards a better and a safer future.

Different Career Options after MBA Degree from Recognized Institution

Course after MBA program is useful to increase qualification for enhancing chances to get hired for the best career opportunity. There are lots of career opportunities available for highly qualified and capable to work with professional skill. Skills can be easily developed with online programs. As time passes, the demand of this Post Graduation program is increasing. Today, lots of people are making money after accepting teaching option after MBA.

Different MBA courses will open door of many avenues and you will have numbers of choices in your hand after finishing the course. If you want to work in separate air conditioner cabin or wish to have a great career then MBA is the best option for you. It is a great path that will take you on successful career. But still it is a common question of many students of MBA what to do after MBA? Check out some options where you can make the best career.

Consultancy: Trouble is a common element of any business and MBA is a trouble shooting program. After completing post graduation, it is a good option to join business consulting. Consultancy is a good field, in which you will meet challenge at each point. This field gives satisfaction of doing something unique.

Investment or Insurance Sector: If you are interested in money management then MBA in finance is the best career opportunity for you. It makes you expert to control and manage difficult monetary aspects. Once you finished your MBA then you are the most recommended in investment, banking or insurance field.

Entrepreneurship: It is a destination for those people who like to take daring in their life. Business is just like a roller coaster ride and MBA program helps you lot to recognize methods and techniques to enjoy this ride. While you are doing business at that time you should put each and every thing, which have learnt. Your each reaction will give you result, thus if you react wrong then you’re gone. MBA degree program provides different view of business modules, thus you can be aware about current trend that may turn in profit.

Analyst: An exhaustive syllabus in MBA will improve your analytical skill, by which you can get idea about current and past market trends. With this way, your knowledge will help you lot to analysis current condition and potential outcomes of changes in the market.

MBA is a kind of multipurpose educational program that can unlock door of lots of opportunities. If you really want to make a good career then MBA program is the best option for you.

How to Migrate On-Premise SharePoint to Office 365: Complete Guidelines

How to Migrate On-Premise SharePoint to Office 365: Complete Guidelines

“Hello! I’m the admin of my company & I have encountered some security issues. We need to migrate On-Premise SharePoint to Office 365. But we are unable to find any step by step mechanism. We are kind of stuck in this situation. We surfed through internet & was unable to perform the respective task. Can you please suggest any of the methods for migrating from SharePoint to Sharepoint 365?”

Are you also looking for this solution? Well, then you are at the correct place. By exploring this post you will get to know how to migrate On-premise Sharepoint to O365 You can try various manual techniques or can refer a third party utility like SharePoint Migrator for SharePoint file migration.

Various Manual ways for SharePoint to SharePoint Online Migration

There are various SharePoint migration solutions which are discussed below:

Method 1: Copy Files Manually

This is the least possible way to migrate On-Premise SharePoint to Office 365. But the files can move in this manner also, so it has been discussed here. The user can move files using Explorer view in SharePoint to the destination. But, transferring file in this way can be lost & sometimes it happens that they lost metadata also. Information like “Created by” & “Created date” will get misplaced or lost. Instead of this the details of the person moving these files get inserted. It starts showing the time when it was moved. This is the main reason why this method is not recommended.

Method 2: Use SharePoint 365 Migration API

This is the new method to transfer SharePoint On-Premise to Office 365. The Microsoft has provided an inbuilt utility named as Azure. In the following method, the user migrates the content to migration package which is then sent to the Azure storage. When the timer job runs in the cloud computing platform Azure, the storage package will be taken & thus is moved to O365. The conversion depends upon the package settings.

This is the best & quick solution to migrate SharePoint to SharePoint Online in very short duration. The only problem with this mechanism is the requirement for moving. You can try this method, but you have to establish the whole environment beforehand.

Method 3: Try Microsoft FastTrack

Microsoft let its users use free data migration services when there are Office 365 customers with 150 users or more. This method helps the admins to move the data by providing the tools & various other documentation.

Method 4: Hybrid Migrating

This method is not a technical method for Sharepoint 2010 to Sharepoint Online migration. In this mechanism, both the environments that are the SharePoint & the Office 365 are running & are there on linked together.

In other words, the users do not have to transfer their content from SharePoint to Office 365. Instead, the user should use Office 365 & should create new sites here. Once the connections are made, the user can navigate between both of these platforms. Even after some time, the user will not realize that which platform he/she is using.

The following method does not provide any technical approach to transfer the data from SharePoint to SharePoint 365. But in some scenario’s the objective can be achieved by simply performing this.

Perfect Solution: Use of Third Party Utility

To migrate SharePoint to Office 365, users can try with the third party utility like SysTools SharePoint Migrator to move data from On-Premise SharePoint to SharePoint 365 platform. This is a very effective tool to transfer data from On-Premise to cloud. Some of the best features which makes it different from the others are discussed below:

Gives an option to migrate Office 365 data back to SharePoint
Migrate Office 365 data to another O365 account
The tool performs mailbox mapping
Supports the version like 2003, 2007, 2010, 2013 & 2016
Conclusion

Sometimes there is a need to migrate On-Premise SharePoint to office 365. Thus, the possible migration techniques are discussed above. But there is the risk factor that is associated with these manual steps. Hence, it is advised to choose an automated solution like SharePoint Migrator. According to the experts, it is an efficient solution to export data from SharePoint to SharePoint 365. The working of the tool is also very easy. Also, it provides very effective results.