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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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South Korean president ousted, election looms

People celebrate after President Yoon Suk-yeol's impeachment was accepted, near the Constitutional Court in Seoul, South Korea, on April 4, 2025.

REUTERS/Kim Hong-ji

South Korea’s Constitutional Court on Friday voted unanimously to oust impeached President Yoon Suk-yeol over his decision to declare martial law in December. Supporters of Yoon who gathered near the presidential residence in Seoul reportedly cried out in disappointment as the court’s 8-0 decision was announced. Others cheered the ruling. The center-right leader is now the second South Korean president to be ousted.

Budget clash puts South African government on brink of collapse

African National Congress (ANC) members of parliament react after South African lawmakers passed the budget's fiscal framework in Cape Town, South Africa, April 2, 2025.

REUTERS/Esa Alexander

The second largest party in South Africa’s coalition, the business-friendly Democratic Alliance, launched a legal challenge on Thursday to block a 0.5% VAT increase in the country’s new budget, raising concerns that the fragile government could collapse.

Israel strikes Syria to warn Turkey

The Israeli Air Force launched an airstrike on Thursday, targeting a building in the Mashrou Dummar area of Damascus. Israeli Defense Minister Yoav Gallant confirmed Israel's responsibility for the attack, which resulted in one fatality.

Rami Alsayed via Reuters Connect

As we wrote in February, Turkey’s president, Recep Tayyip Erdogan, has big plans for Syria. Erdogan’s government was a crucial backer of the HTS militia, an Islamist rebel group that ousted longtime Syrian strongman Bashar Assad in December, and it now wants Turkey’s military to take over some air bases on Syrian territory in exchange for Turkish training of Syria’s new army.

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How can we get unbanked people to go digital?

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How can we get unbanked people to go digital?

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Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

Stocks have plummeted, layoffs have begun, and confusion has metastasized about the bizarre method the United States used to calculate its tariff formula. But Donald Trump says it’s “going very well."

The second largest party in South Africa’s coalition, the business-friendly Democratic Alliance, launched a legal challenge on Thursday to block a 0.5% VAT increase in the country’s new budget, raising concerns that the fragile government could collapse.

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Subscribe to GZERO Media's newsletter: Signal

Remember the TikTok ban? The new deadline President Donald Trump set for the app to find an American buyer or be banned from US app stores, midnight Saturday, is rapidly approaching.

Overnight, the US moved to having the world’s highest tariffs by a long margin. Here is Ian Bremmer's Quick Take on the near and long-term fallout

Have you stayed atop GZERO’s news coverage this week? Here's your chance to prove it.

Someone needs to take National Security Advisor Michael Waltz’s phone out of his hand.

Donald Trump’s much-anticipated “liberation day” tariff announcement on Wednesday is the biggest disruption to global trade in decades, so the political, diplomatic, and economic impacts will take time to become clear.