Bonus: Financial Inclusion and Limits of a Cashless System | Ajay Banga
TED Business
TED
4 • 1.2K Ratings
🗓️ 23 August 2021
⏱️ 18 minutes
🧾️ Download transcript
Summary
Roughly two billion people worldwide don't have access to banks or financial services like credit, insurance and investment. How do we bridge this divide? Former Mastercard CEO Ajay Banga sits down with TED current affairs curator Whitney Pennington Rodgers to discuss how innovative public-private partnerships can help bring everyone into the digital economy -- and why we’re not ready for a totally cashless system.
Transcript
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| 0:00.0 | Ted Audio Collective |
| 0:11.0 | You're listening to Ted Business and I'm Madu Back in Ola. |
| 0:15.2 | What does it mean to be unbanked? |
| 0:17.7 | It means you don't have a bank account or credit card. |
| 0:20.5 | You pay for most things in cash, money orders, or prepaid debit cards. |
| 0:25.8 | Two billion people fall into this category of unbanked or underbanked. |
| 0:32.2 | Ajay Banga is trying to change that. |
| 0:35.0 | He's the former CEO of MasterCard, now the executive chairman of MasterCard's Board of Directors. |
| 0:41.4 | In his conversation with Whitney Pennington Rogers, Ted's current affairs curator, |
| 0:46.5 | Banga explains how financial inclusion can improve lives and make the world a lot more equitable. |
| 0:53.8 | This is a bonus episode, so I'll be back with more later this summer. |
| 1:03.2 | Support for this podcast comes from BCG. |
| 1:05.7 | What you're about to hear is a work of imagination, but not fantasy. |
| 1:09.2 | So starts every episode of BCG's new podcast, Climate Vision 2050, |
| 1:13.4 | which pulls us into a future where we've radically reduced carbon emissions |
| 1:16.9 | and saved ourselves from climate catastrophe. |
| 1:19.7 | From the future of travel to food and fashion, |
| 1:22.6 | what might life be like in a world that has actually managed to address climate change? |
| 1:27.4 | Listen to BCG's Climate Vision 2050, wherever you get your podcasts. |
| 1:31.6 | A net zero world is within reach. |
| 1:34.3 | Hey, listener, a quick favor. |
| 1:36.6 | We are conducting an audience survey and we'd be really grateful if you could take just a few minutes to respond. |
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