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Accelerating winds of change in global payments
The COVID-19 crisis is having a significant and widespread effect on global payments across sectors. The most striking and potentially lasting impact is an accelerating pace of change in the industry.
Global cooperation to tackle digital divide
UNCTAD’s Digital Economy Report presents recent trends and discusses key policies for value creation and capture and calls for greater international collaboration.
Global evidence on contribution of MSMEs
New ILO study reveals seven in 10 workers are self-employed or in small businesses. The study also finds that an average of 62% of employment (in the 99 countries studied) is in the informal sector. It calls for creating an enabling environment for these businesses and supporting them through access to finance and digital infrastructure.
New insights into inclusion-focused fintech
The recently launched Inclusive Fintech 50 whitepaper looks at how early-stage fintechs are working on financial inclusion. Findings reveal that “funding is concentrated in several notable ways, innovation is not limited to technology and common standards are needed to bring clarity to the field.”
Mobile money spreads in Asia
Over the past five years, mobile money has gained traction in South Asia, which is experiencing an average annual growth rate of 46 percent in mobile money accounts—the highest across all regions. For more details check out IMF’s 2019 Financial Access Survey that was released last week
Global payments revenue reach $1.9 trillion
Payments generated $1.9 trillion in revenue last year with financial companies in Asia-Pacific taking home almost half of that amount. Read McKinsey's Global Payments Report 2019 to learn more.
New blockchain for social impact report
The new Stanford Business “Blockchain for Social Impact" report is out! The most common use case among its sample of organizations is records and verification, whereas the challenges cited most often are regulatory. The interviewees reported that launching the project was harder than anticipated.
