The online payment platform, PayPal, has reported a stark rise in the segment of online digital payment from customers aged 50 years and above, which is its highest increase in customers belonging to that age group from March to April.
The company's CFO John Rainey points out the increase in prize size as the reason for the rise in old demographic or so-called "silver tech" that has boomed up the total payment volume. Rainey said in an annual event, "We expect food stockpiling to continue especially in cities exposed to logistic disruption. The confluence of expected food price increases alongside an economic contraction and rising unemployment will push up the risk of civil unrest."