23 Results
David Hensley Founder at Enryo Limited
Artificial intelligence (AI) is one of the most transformative technologies of our time. It is already being used to automate tasks in a wide range of industries, from healthcare to manufacturing and more recently finance. It is having a major impact on the digital world, with applications such as social media algorithms, search engines, and virtu...
02 October 2023 /retail /inclusion Imagine a world without cash
Super apps are mobile applications that offer a wide range of services, including messaging, social media, e-commerce, and financial services. They are becoming increasingly popular in Asia, where they have already become essential tools for everyday life. For example, the Chinese super app WeChat is used by over 1.2 billion people to send message...
25 September 2023 /payments /inclusion Imagine a world without cash
Financial inclusion is the ability of individuals and businesses to access affordable and appropriate financial services. It is essential for economic development and poverty reduction. However, billions of people around the world remain unbanked or underbanked, meaning they do not have access to formal financial services. Digital wallets are a ty...
18 September 2023 /payments /inclusion Imagine a world without cash
As payments become increasingly cashless we inevitably become more reliant on technology. This highlights the challenge that we need the ability to make cash-like payments offline without access to the internet. Many commentators see this as the holy grail of digital payments. The first satellite payment is generally believed to have been made in...
11 September 2023 /payments /inclusion Imagine a world without cash
The case for introducing a universal access to payments index The traditional view of going digital is unsettling to many because it represents a fundamental shift in the way we interact with the world. For centuries, we have been accustomed to interacting with physical objects and spaces. We have held books in our hands, made purchases and spoken...
04 September 2023 /sibos /inclusion
The fintech revolution has transformed the way we bank, invest, and manage our finances. But while fintech has been embraced by younger consumers, older adults have been slower to adopt these new technologies. A survey conducted in 2022 by PWC for the 2022 Global Fintech Adoption Survey* highlighted the clearly highlighted this gap:- 18-24 66.6% ...
28 August 2023 /payments /inclusion Imagine a world without cash
In simple terms, seigniorage is the profit that a government or central bank makes from issuing currency. It is the difference between the cost of producing the currency and the face value of the currency. For example, if it costs a government £0.10 to produce a £1, then the seigniorage for that is £0.90. Surprisingly seigniorage is considered a ...
21 August 2023 /regulation /inclusion Imagine a world without cash
Digital payments are becoming increasingly popular all over the world. In 2022, the global digital payments market was valued at over $7 trillion and is expected to grow to over $10 trillion by 2028. There are many benefits to increasing digital payments, including: Convenience: Digital payments are much more convenient than cash or checks. You ca...
14 August 2023 /payments /inclusion Imagine a world without cash
The decline of cash access in communities is a growing problem, with a disproportionate impact on rural and deprived areas. This is due to a number of factors, including the increasing digitization of payments, the closure of bank branches, and the withdrawal of ATMs. The move to digital payments has been driven by a number of factors, including t...
07 August 2023 /people /inclusion Imagine a world without cash
The move towards a cashless society is gaining momentum around the world. Governments, businesses, and consumers are all seeing the benefits of a digital payments system, such as increased efficiency, security, and convenience. However, there are also some challenges that need to be addressed before a cashless society could be fully realised. One ...
31 July 2023 /payments /inclusion Imagine a world without cash
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