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How can we get unbanked people to go digital?

October 19, 2022

GZERO Staff

How Can We Get Unbanked People to Go Digital? | Closing The Gap | GZERO Media

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Sending remittances can be prohibitively expensive. How come?

It costs a lot to manage cash in a secure way for unbanked people, Rubén Salazar, global head of Visa Direct, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.

But some players are making progress in reducing costs, which the UN wants to cap at 3% by the end of the decade.

For Salazar, we need to tackle the problem holistically. That's why Visa has just inked a deal with Singaporean B2B payments platform Thunes to integrate digital wallets for unbanked people with Visa's digital payments network.

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How can we get unbanked people to go digital?

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As Trump returns to the White House, European leaders are reassessing their distaste for Trump, as well as their reliance on the US. In a wide-ranging conversation on GZERO World, Ian Bremmer sits with Finnish President Alexander Stubb on the sidelines of the World Economic Forum in Davos.

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At least 700 people have been killed over the past week in Goma, the largest city in eastern Democratic Republic of Congo, or DRC. Observers believe that M23’s war with government forces, which displaced 400,000 people in January alone, could quickly spiral into a regional war.

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The US president has imposed 25% tariffs on Canadian and Mexican imports and threatened to escalate further if the countries retaliated, which they have already done. Is Trump’s move legal? What’s likely to come next?

Ian Bremmer's Quick Take: Trump’s latest tariffs hit Canada hard—harder than even China. What’s behind this decision, and how are Canadians fighting back? Ian Bremmer breaks down the economic and political implications in this Quick Take.

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