Sessions » Banking the unbanked

Panel - Banking the unbanked

 

GREEN ROOM - 207AB
Day 2 - May 1

Data from the World Bank demonstrates that financial inclusion is progressing rapidly. From 2011 to 2014, the number of adults globally who lacked a bank account fell from 2.5 billion to 2 billion. When accounting for population growth, this meant that an additional 700 million people joined the formal financial system in a period of just three years, and the share of the adult population with a bank account grew from 51% to 62%. In developing countries, the growth in financial participation has been possible through the use of technologies like biometrics to give identities to the people who have not had them before, giving them access to the mainstream financial system.

This session will showcase these developments in India and Africa, including the technical and social and political challenges and the outcomes.
 

15:15
Introduction
Amy Zirkle, Vice President, Industry Affairs, Electronic Transactions Association (ETA), USA

Panelists:
Asem Othman, Team Lead, Biometric Science, Veridium, USA
Sami Lahoud, Senior Vice President of Global Acceptance Strategy and Engagement, Mastercard, USA
Stephen Kann, VP, Corporate Development, Money on Mobile, USA

16:20
Questions and Answers


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