Banking the Underbanked: Making Money Movement More Inclusive

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This is a podcast episode titled, Banking the Underbanked: Making Money Movement More Inclusive. The summary for this episode is: <p>Welcome to Money Travels presented by Visa. In this episode, we're going to learn about remittances in different parts of the world. We are joined by Jairo Riveros, managing director for The Americas and global head of strategy at Paysend, a global fintech company, and Lucciana Alvarez Ruiz to discuss financial inclusion. For some of us it feels pretty seamless and easy to send and receive money, but for others, especially people who don't have a traditional bank account, it can feel impossible to exchange money across large distances. How is someone from a small town in Guatemala who is paid in the currency of another country supposed to send money back to their family if their loved ones don't have access to a bank? Often the solutions are costly, slow, and sometimes even dangerous if you have to physically carry cash for miles. But if you can access the internet from wherever you are, why can't you just move your money digitally?&nbsp; We'll explore the differences between regions from Eastern Europe to Latin America and get a sense of the remittances landscape and how money movement can become more inclusive. Listen now.&nbsp;</p><p>We hope you enjoy this fascinating new episode of Money Travels, brought to you by Visa.&nbsp;&nbsp;</p><p>&nbsp;</p><p>Follow Us:</p><p><br></p><ul><li><strong>Website</strong><a href="https://www.visa.com/visadirect" rel="noopener noreferrer" target="_blank"> https://www.visa.com/visadirect</a></li><li><strong>LinkedIn</strong><a href="https://www.linkedin.com/showcase/visa-direct/" rel="noopener noreferrer" target="_blank"> @Visa Direct</a></li></ul><p><em>Presented by Visa</em></p><p><a href="https://usa.visa.com/" rel="noopener noreferrer" target="_blank"><em>https://usa.visa.com</em></a></p><p><br></p>

DESCRIPTION

  • Visa Direct capability enabled through a financial institution partner.
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  • The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.
  • Visa neither makes any warranty or representation as to the completeness or accuracy of the information within this podcast, nor assumes any liability or responsibility that may result from reliance on such information and any information from third parties. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required.
  • The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect the views or positions of any entities they represent.Visa neither makes any warranty or representation as to the completeness or accuracy of the information within this podcast, nor assumes any liability or responsibility that may result from reliance on such information and any information from third parties. The information contained in this podcast is not intended as investment or legal advice, and listeners are encouraged to seek the advice of a competent professional where such advice is required.
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  • Visa and Morning Consult survey of 14,928 respondents in 10 countries. “Money Travels: 2023 Digital Remittances Adoption Report.” December 2022. 
  • The World Bank. “The Global Findex Database.” 2021. https://www.worldbank.org/en/publication/globalfindex/Report

GSMA. “Mobile Gender Gap Report.” 2023

https://www.gsma.com/r/wp-content/uploads/2023/07/The-Mobile- Gender-Gap-Report-2023.pdf