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
In this episode of GZERO Europe, Carl Bildt examines how the war in Iran is driving up energy prices, fueling inflation, and raising stagflation fears across Europe.
Most Popular
- YouTube
In this Quick Take, Ian Bremmer examines the stakes as the war in Iran enters its second month.
This weekend, “No Kings” protests against the Trump administration occurred across the United States, drawing an estimated 8 million people across more than 3,300 events from the Alaskan Arctic to Puerto Rico.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.