How Digital Public Goods Are Bringing the $10 Trillion Informal Economy Into the Digital Payments Loop

Explore how digital public goods are revolutionizing the informal economy in this 43-minute conference talk by Paula Hunter of the Mojaloop Foundation. Discover the potential of interoperable payment systems and government-to-person (G2P) payments to bring 1.4 billion unbanked individuals into the digital economy. Learn about the post-COVID-19 digital renaissance and how over 100 countries have implemented digital G2P payments. Understand the role of open-source software like Mojaloop in catalyzing financial inclusion and creating a pathway for the $10 trillion informal economy to enter the digital financial sector. Gain insights into how developing countries and mobile money operators are leveraging digital public goods to achieve interoperability and financial inclusion goals, particularly through the use of simple mobile phones.