☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

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

youtu.be

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.

From Your Site Articles

More from GZERO Media

20 years after Merkel, men still hold most top offices

German Chancellor and chairwoman of the Christian Democratic Union (CDU) Angela Merkel addresses a news conference in Berlin, Germany September 19, 2016.
REUTERS/Fabrizio Bensch

Angela Merkel was elected chancellor of Germany on November 22, 2005, becoming the first woman to hold that job. During that time Merkel was arguably the most powerful woman in the world, presiding over one of its largest economies for four terms in the Bundesregierung. Twenty years on, the anniversary is a reminder of how singular her breakthrough remains. It’s still the exception when a woman runs a country.

Three issues dividing the EU right now

European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 10, 2025.
REUTERS/Yves Herman

While the European Union has never been more critical, it is also facing a trifecta of divisive challenges.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.