Digital transformation is playing a crucial role in enhancing accessibility and inclusion across various sectors globally. Anna Tutova, Deepak Gupta, Maria Paula Oliveira, and Sarah Toukan discussed the rise of digital payments and mobile wallets in fostering financial inclusion in developing countries, highlighting ease of account access, instant access needs, security, reliability, and successful initiatives, as well as the potential of facial recognition payment technology.
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HIGHLIGHTS
(4:23) Mobile Wallets Driving Financial Inclusion
(12:24) Adoption Boost: Easy Signup, Security, and No Minimum Balance
(17:15) Expanding Digital Wallets: Government, Telecom, and Payment Provider Partnerships
(18:50) Emerging Markets Leading in Digital Wallet Innovation
(21:43) Real-Time Payments and Cross-Border Transactions Driving Adoption
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QUOTES
"For any retailers, ecommerce players who want to provide the very best user experience and payment experience, they have to be offering digital payments via digital wallets and of course via payments gateway."
"When you live in a society where you don't have that kind of reality, you're excluded from the modern world."
"It is really, it goes beyond just buying things, it's really a means of including people in modernity."
"I think it's a very beautiful innovation which enables the user in order to do the transaction in the easiest of the manner."
"Security is of the utmost importance."
"So people have grown accustomed to getting instant access. And this is just as important in the FinTech space."
"Necessity is the mother of all invention."
“It's interesting. It's really bringing access to financial services in order to enable people to improve their standard of living start to save for their families.”
"When we say that digital inclusion in terms of number of transaction, the India journey is very delightful if you see within the Asia pack."
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