Chapter 8
https://www.amazon.com/Cashless-Society-101-Leadership-Innovation/dp/1637306660/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1660677390&sr=8-1 #bookcreators #booklaunch #cashlesssociety
Contrary to the Western view of Africa and indeed most emerging markets as poor and devoid of innovation worth supporting, China is leading the world by delivering incredible success stories. China’s success stories range from Alibaba, the world’s biggest IPO in the last decade on the New York Stock Exchange (NYSE) to recent e-commerce success of SoftBank capital backed South Korean e-Commerce firm Coupang (NYSE:CPNG) also on Wall Street’s NYSE [Asia Nikkei].
In an ideal world, the ethical Cashless Society would apply the same ownership and trust standards equally. Equal application of trust means an African, Chinese, European or US company would all be given the same financial regulatory treatment. Unfortunately, we are still decades from this reality as transactions to Africa are treated as a risk or liability while transactions from the West as evidenced by the extravitive foreign subsidiaries and conglomerates are not.
Beyond banking the Unbanked, a service needed by about four billion people globally, there is an increasing need for inclusion across all areas of innovation despite the digital divide. From education to mobile money, traditional models of cash based businesses are being disrupted across Africa and the world. The consumer is king now and service delivery is mobile first and human always, meaning that localization and cultural relevance will continue to drive mass adoption and sustainability of Cashless Society innovations.
#AskAsingia about #CashlessSociety101:
Taking Charge of Healthcare: The Rise of Mobile Health Kiosks
Are You the Product? The Open Data Movement and How It Affects You
Apple Vs. Facebook: Understanding How This Legal Battle Affects Your Rights