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In 2001, Bank of America became the first bank to top 3 million online banking customers, more than 20% of its customer base. In 2009, a report by Gartner Group estimated that 47% of United States adults and 30% in the United Kingdom bank online. The early 2000s saw the rise of the branch-less banks as internet only institutions.
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods such as checks and money orders.
Technological unemployment is the loss of jobs caused by technological change.It is a key type of structural unemployment.. Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (), and humans' role in these processes are minimized.