Fortune Favors the Bold - The Official Mastercard Podcast The Cashless Society: A Live Episode
Mar 13, 2018
Ravi Shankar Chardavetti, a doctoral research fellow focused on cashless economies, and Rebecca Manti, an expert in digital aid from the International Rescue Committee, dive into the future of money. They discuss the vibrant shift towards cashless transactions, highlighting successful examples from Scandinavian countries. The duo shares fascinating insights into how digital e-vouchers are transforming aid delivery and the financial empowerment of recipients. They also explore the inclusive potential of cashless systems, emphasizing the need for equitable access.
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New Zealand's Inspirational $10 Bill
- Ravi Shankar Chardavetti hasn't used cash for at least 5 years and brought back a $10 bill from New Zealand as a souvenir.
- The bill features Kate Sheppard, a pioneer of women's suffrage, inspiring progress in currency representation.
China's Rapid Cashless Transformation
- China transformed from mostly cash-on-delivery e-commerce transactions in 2009 to two-thirds of transactions being cashless by 2015.
- Mobile wallets like Alibaba and Tencent revolutionized everyday payments including small purchases at hawker stalls.
Refugee Family's Cashless Empowerment
- Rebecca Manti shared the story of an Iraqi refugee family empowered by digital cash aid to make their own choices.
- They used the aid to find housing, save for education, and seek employment, rebuilding their lives independently.