Closing The Gap
The weaknesses of a digital economy
No Silver Bullet on Closing the Digital Access Gap | Economic Empowerment | GZERO Media
November 11, 2022
Is there any downside to going cashless?
Not really, but there are challenges, Usman Ahmed, head of Global Public Affairs and Strategic Research at PayPal, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.
On the one hand, digitizing payment allows the creation of other financial services around it — mainly access to finance for the unbanked. On the other, there are privacy and security concerns, although these also exist with cash.
Overall, though, Ahmed believes that going digital is something that nobody will solve on their own. Governments and the private sector need to work together, and digital access is useless without digital literacy.
From Your Site Articles
More For You
- YouTube
Can sovereignty and cooperation go together? Franck Paris, the new director general of the Paris Peace Forum, says sovereignty without cooperation is "just an illusion."
Most Popular
Paraguayan President Santiago Peña (photo) submitted his resignation on Thursday, November 5, amid a political and financial crisis triggered by the intervention of Ueno Bank, a banking institution linked to the president's former business associates.
Handout / Latin America News Agency via Reuters Connect
The tiny South American nation is in turmoil after a spectacular bank collapse left about half of its 6 million people without access to their money.
The California governor announced the move on Thursday in an open letter in which he called state-sanctioned killing “incompatible” with the state’s values and morally wrong.
- YouTube
In this GZERO Europe, Carl Bildt looks at the challenges facing Serbia’s Student List following its dramatic election victory over longtime nationalist leader Aleksandar Vučić, who had ruled the country for 14 years.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.