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The weaknesses of a digital economy
No Silver Bullet on Closing the Digital Access Gap | Economic Empowerment | GZERO Media

The weaknesses of a digital economy

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.

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Jack Ma blasts global financial regulators' curbs on innovation

October 25, 2020 5:31 PM

SHANGHAI (BLOOMBERG) - Alibaba Group founder Jack Ma criticised global financial regulations for stifling innovation and urged China to seek a system that accommodated development.

Li hints China may open up finance sector to foreigners

March 29, 2019 5:00 AM

Chinese Premier Li Keqiang has added to speculation that China may soon announce new rules that will allow foreign banks and insurance firms to increase their presence in China, as senior US officials arrived in Beijing for more trade talks.

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