From the Digital Divide to Inclusive Innovation: The Case of Digital Money

This report is concerned with a profoundly transformative technology, one that affects a crucial element of the fabric of society. It examines digital money, a technology that moves economic transactions, payments, remittances, transfers etc, from the physical into the digital world. Just as commu...

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Bibliographic Details
Main Authors: DODGSON, Mark, GANN, David, WLADAWSKY-BERGER, Irving, GEORGE, Gerard
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4726
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5725/viewcontent/rsa_digital_money_report_june_2013.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:This report is concerned with a profoundly transformative technology, one that affects a crucial element of the fabric of society. It examines digital money, a technology that moves economic transactions, payments, remittances, transfers etc, from the physical into the digital world. Just as communications and publishing have been transformed by digital technologies, so too will financial services. The progress of digital money will inevitably surprise us and it will develop in unexpected ways, but we believe it is on the cusp of delivering a remarkable transformation in the global economy. It will end the divide between those who can and those who cannot participate in formal economic transactions. It may usher in a new era of more inclusive innovation that involves billions of more people around the world in constructing the services that affect their future.