☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

Adapting to a digital economy around the world

October 28, 2022
GZERO Staff
Adapting To A Digital Economy Around The World | Economic Empowerment | GZERO Media

youtu.be

In the next decade, 70% of new value in the global economy will come from digital businesses. But more than 3.5 billion people without internet access will be cut off, and not all of them will live in the developing world.

“This is very much a global challenge,” Eurasia Group senior analyst Ali Wyne says in a livestream conversation hosted by GZERO in partnership with Visa.

Much of the developing world went digital during the pandemic. We see this, for instance: in Nepal, where it pushed people to go cashless and women in rural areas to embrace digital banking. Yet many remain unbanked, and that means they struggle to create wealth because they only deal in cash, according to Visa's Rubén Salazar. Having no bank account also makes it harder to send remittances, as we learn from a Mexican recipient and from the World Bank's Dilip Ratha.

There is hope, though. For Nextrade's Kati Suominen, digital payments are helping small businesses around the world reach new markets. The global move toward online shopping is a huge opportunity to scale, adds PayPal's Usman Ahmed.

In short, digital adoption faces many challenges but also huge opportunities to make things better for those who have the least.

Watch our recent livestream discussion on remittances and other tools for economic empowerment.

From Your Site Articles

More from GZERO Media

Putin says he supports ceasefire, but with a huge asterisk

A Russian army soldier walks along a ruined street of Malaya Loknya settlement, which was recently retaken by Russia's armed forces in the course of Russia-Ukraine conflict in the Kursk region, on March 13, 2025.

Russian Defence Ministry/Handout via REUTERS

The Russian leader has conditions of his own for any ceasefire with Ukraine, and he also wants a meeting with Donald Trump.

GZERO Explains: Where do things stand for Mahmoud Khalil?

Mahmoud Khalil speaks to members of the media about the Revolt for Rafah encampment at Columbia University on June 1, 2024.

REUTERS/Jeenah Moon

The court battle over whether the US can deport Mahmoud Khalil, the 30-year-old Palestinian-Algerian activist detained in New York last Saturday, began this week in Manhattan. Khalil, an outspoken activist for Palestinian rights at Columbia University, was arrested Saturday at his apartment in a university-owned building at Columbia University by Immigration and Customs Enforcement officers, and he is now being held in an ICE detention center in Louisiana.

Israel strikes Damascus

The Israeli Air Force launched an airstrike on Thursday, targeting a building in the Mashrou Dummar area of Damascus.
(Photo by Rami Alsayed/NurPhoto)

An Israeli airstrike destroyed a residential building on the outskirts of Damascus on Thursday in the latest Israeli incursion into post-Assad Syria.

Will Germany dump its debt brake?

Lars Klingbeil (l), Chairman of the SPD parliamentary group, and Friedrich Merz, CDU Chairman and Chairman of the CDU/CSU parliamentary group, talk at the end of the 213th plenary session of the 20th legislative period in the German Bundestag.

DPA / Picture Alliance

Germany’s government is in a state of uncertainty as the outgoing government races to push through a huge, and highly controversial, new spending package before its term ends early this spring.

The EPA’s new mission: business first, environment last

EPA Administrator Lee Zeldin, a Republican, speaks as the U.S. vice president visits East Palestine, Ohio, U.S., February 3, 2025.
Rebecca Droke/Pool via REUTERS/File Photo

On Wednesday, Environmental Protection Agency chief Lee Zeldin redefined the agency’s mission, stating that its focus is to “lower the cost of buying a car, heating a home, and running a business.”

Does Canada need to prepare for a US attack?

Paige Fusco

Canada has begun thinking the unthinkable: how to defend against a US attack. It suddenly realizes — far too late – that the 2% GDP goal on defense spending is no longer aspirational but urgent. But what kind of military does it need? To find out, GZERO Publisher Evan Solomon spoke with retired Vice Admiral Mark Norman, the former vice chief of defense staff in Canada and currently a fellow at the Canadian Global Affairs Institute.

60% of Germans believe energy transition is necessary – and they want to be more involved in decision-making

BMW Foundation

The energy transition is one of society’s biggest challenges – especially for Europe’s largest economy – according to a survey commissioned by the BMW Foundation Herbert Quandt and undertaken by the Allensbach Institute for Public Opinion Research. Sixty percent of those polled believe the energy transition is necessary but have doubts about how it is being implemented. A whopping 63% would like to be more involved in energy-transition decisions affecting their region. The findings strongly suggest that it’s essential to get the public more involved in energy policymaking – to help build a future energy policy that leads to both economic prosperity and social cohesion. Read the full study “Attitudes Toward the Energy Transition” here.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2020 GZERO Media. All Rights Reserved | A Eurasia Group media company.