From the show floor at Mobile World Congress, Visa’s Head of Corporate Responsibility, Douglas Sabo interviews thought leaders from the public, private and NGO sectors about the impact mobile services are having on financial inclusion efforts around the world.
Next in the series, Douglas sits down with Till Bruett, Advisor and Programme Manager for the United Nations Capital Development Fund (UNCDF’) Mobile Money for the Poor initiative.
In this video, Bruett shares an overview of UNCDF’s work around the world and highlights the convergence of the diverse set of stakeholders supporting financial inclusion.
On Wednesday morning at the World Economic Forum in Davos, Switzerland, Visa and Citi co-sponsored a roundtable event with the Better Than Cash Alliance. The discussion on the global shift by governments, the development community and the private sector from cash to electronic payments was opened by Visa Group President of the Americas, Bill Sheedy.
Over 50 dignitaries and thought leaders attended the panel discussion moderated by Zanny Minton Beddoes, Economics Editor from The Economist. The panel included Juan Jiménez Mayor, Prime Minister, Republic of Peru, Dr. Mauricio Cárdenas, Minister of Finance, Republic of Colombia and Florencio B. Abad, Secretary of Budget and Management, Republic of the Philippines.
The panelists discussed the benefits their countries are experiencing through the shift to electronic payments including transparency, cost savings, economic growth and increased financial inclusion.
Organizations including the World Food Programme, Mercy Corps, and UNCDF described the challenges and opportunities in making this transition and highlighted the importance of greater collaboration between the public sector, private industry and the development community.
Read more about the event from Ruth Goodwin-Groen, Managing Director of the Better Than Cash Alliance here.