Paper
Ending Poverty with Electronic Payments
A look at the digital and direct payment landscapes
6 pages
Between 2011 and 2014, 700 million people started a bank account for the first time, representing a giant step toward the World Bank goal of universal financial inclusion by 2020. Paul Niehaus and Michael Faye discuss how global money could transform formal and informal business as the digitalization of payments pushes the cost of basic financial transactions down toward zero.
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