3min chapter

TED Business cover image

Bonus: Financial Inclusion and Limits of a Cashless System | Ajay Banga

TED Business

CHAPTER

How Can We Transform Themselves?

There are still a billion people who do not have the right kind of fon or internate axcis. So as i said, you've got to find ways to reach them too. You can't only do it by phone. Leakage means administrative costs. And i call it theft because it's forty less cents on a dollar for the person who cannot afford even one cent less. That's what we dan to solve for. Take out middlemen. Use technology to help enable a direct government citizenry operation. Allow banks and n gos and and phone companies to intervene in the right way. Whet im frownd to tell you, as it's not about technology

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