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Political Unrest When Governments Fail Struggling Citizens | Economic Empowerment | GZERO Media

Political unrest when governments fail struggling citizens

What happens when 1.4 billion people are cut off from the global economy because they don't have a bank account at a time of mounting crises?

"The geopolitical ramifications are potentially huge," Ali Wyne, senior analyst for Global Macro-Geopolitics at Eurasia Group, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.

First, it was COVID. Then came the twin blows of the food and energy crises, aggravated by Russia's war in Ukraine. When people are struggling, Wyne adds, they'll look to their governments for solutions.

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How Can We Get Unbanked People to Go Digital? | Closing The Gap | GZERO Media

How can we get unbanked people to go digital?

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.

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