Community
The United Nations is wholly supportive of a future transition to a cashless society. The UN Capital Development Fund through its ‘Better Than Cash Alliance’ (BTCA) seeks to empower the poor to have access to bank accounts principally through a mobile phone or a debit card. This is an essential service for those who do not have access to a bank branch because they are located in rural areas of any less developed nation-state.
Using cashless electronic technology for banking in this context has a protective and inclusive role for any person. It will help prevent the theft of physical cash, and serendipitously support women, families and the elderly in rural and regional areas. Microsoft founder Bill Gates is an avid supporter of a cashless society and better access to banking for the world’s poor through modern technology. In the following YouTube video Bill Gates speaks about his philanthropic interest in seeing financial services being made available to the world’s poor.
https://www.youtube.com/watch?v=pKBxKCI66o4
The BTCA is financially supported by the Bill & Melinda Gates Foundation, the Ford Foundation, Visa, Citi, the ‘Bankers without Borders’ initiative by the ‘Omidyar Network’ through eBay founders Pierre & Pam Omidyar, MasterCard, USAID, and the UN Capital Development Fund.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Igor Kostyuchenok SVP of Engineering at Mbanq
28 May
Alisa Zejnilovic B2B Marketing at Klika
27 May
Denys Boiko Founder at Erglis
26 May
Rob Straathof CEO at Liberis
23 May
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.