Viewpoints

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PERSPECTIVES ON DIGITAL CURRENCY

Jan 23, 2013

World Economic Forum

Davos Discusses “Better Than Cash”

 

On Wednesday morning at the World Economic Forum in Davos, Switzerland, Visa and Citi co-sponsored a roundtable event with the Better Than Cash Alliance. The discussion on the global shift by governments, the development community and the private sector from cash to electronic payments was opened by Visa Group President of the Americas, Bill Sheedy.

Over 50 dignitaries and thought leaders attended the panel discussion moderated by Zanny Minton Beddoes, Economics Editor from The Economist. The panel included Juan Jiménez Mayor, Prime Minister, Republic of Peru, Dr. Mauricio Cárdenas, Minister of Finance, Republic of Colombia and Florencio B. Abad, Secretary of Budget and Management, Republic of the Philippines.

The panelists discussed the benefits their countries are experiencing through the shift to electronic payments including transparency, cost savings, economic growth and increased financial inclusion.

Organizations including the World Food Programme, Mercy Corps, and UNCDF described the challenges and opportunities in making this transition and highlighted the importance of greater collaboration between the public sector, private industry and the development community.

Read more about the event from Ruth Goodwin-Groen, Managing Director of the Better Than Cash Alliance here.

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Posted by: Douglas Sabo, Visa Corporate Responsibility on January 23, 2013 at 4:27 pm

Sep 15, 2010

Update from Elizabeth Buse: Dispatch from the World Economic Forum

Greetings from the World Economic Forum in Tianjin, China!

This week’s conference was a fascinating and enriching experience for me, as I engaged with technology leaders, business partners, government officials, media and other influencers from around the world to highlight the benefits of digital currency for consumers, merchants, governments and economies worldwide.

Without question, the goals of the World Economic Forum and Visa are strongly aligned, as both organizations seek to promote social development and economic inclusion globally. In fact, on Monday, I participated in a panel discussion which specifically looked at the importance of aligning commercial and societal objectives when seeking to do business in emerging and “frontier” markets around the world.  In short, I made the point that we all need to seek to understand what governments are trying to do, assess the local situation and be prepared to adapt our business strategy accordingly. For those of you who are interested, a webcast of the panel discussion is available.

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Posted by: Elizabeth Buse, Visa Group President, Asia Pacific, Central Europe, Middle East & Africa on September 15, 2010 at 12:29 pm