In our December faiVLive webinar, FAI’s Tim Ogden sat down with financial policy expert Jesse McWaters, Head of Global Digital Public Policy at Mastercard, to demystify some basic questions around digital money and its evolving role in financial inclusion. What’s the difference between a digital payment system and a digital currency? What is blockchain really and how should we use it? Who makes the rules in a decentralized digital money system? Do those rules protect or expose consumers? Can the offerings and their regulations be designed to be pro-poor?
This two-part blog post distills the conversation from that webinar. This one covers some basic frameworks for thinking about these concepts. The next will cover the regulatory environment around digital systems.
Read MoreJoin FAI’s Tim Ogden in conversation with Jesse McWaters, the Global Head of Regulatory Advocacy at Mastercard, to explore some basic frameworks for understanding the differences between the rapidly growing types of digital currencies. Through this session you’ll gain a better grasp of new and evolving digital means of exchange, how they interact, and what that means for pro-poor financial inclusion.
Read MoreLast month, we gathered a group of expert panelists from around the world for a faiVLive on the possibilities for fintech to serve the poor and reduce inequality. What have we learned about where fintech advances inclusion, and when it creates a new (digital) divide?
Read MoreA recent experiment by researchers Jean N. Lee, Jonathan Morduch, Saravana Ravindran, Abu Shonchoy, and Hassan Zaman studied the interplay between rural-to-urban migration in Bangladesh, and the introduction of mobile banking to modernize remittances.
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