P2P Payments and Financial Inclusion

The evolution of the P2P solution has changed the financial system, influencing the underbanked and encouraging financial inclusion.

Sujoy Ghosh of Datacultr, Faisal Toukan of Ziina, Padmini Gupta of Xare, Faisal Al Haroun of Tap Payments, and Mohamed Khairy of Strategy& look at the current state of the space with the rise of crypto and the challenges that are yet to be solved.

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HIGHLIGHTS:

2:38 - Bridging the gap between banks and lenders

7:02 - Advantages of P2P payments

13:32 - Social payments & driving engagement

17:01 - Target segments

20:13 - Financial inclusion in a cost-effective way

25:42 - Digital payments

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QUOTES

"It takes the dimension of payments from being very one-way and transactional."

"The strategy is always to start with the youth and the affluent."

"We're talking about the fact that today, you can have instant payments, instant transfers without the need of having an IBAN account."

"It's making consumer lives easier. And it's making business lives easier. And it's also making the regulator's life way easier."

"Banks are always trying to catch up."

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