- October 29, 2022
- Posted by: Stratford Team
- Category: Economy
One of the most important changes happening in the global economy today is invisible. It’s the accelerating move from hard currencies and brick-and-mortar banks to digital and mobile-based platforms for commerce, payments, and banking.
This shift, which got a boost from the COVID pandemic, will transform the global economy from the ground up: broadening households’ and entrepreneurs’ access to the financial tools they need to thrive and grow, which strengthens national and regional economies, ultimately spurring more global economic growth. The annual value of the digital economy is already valued at $14.5 trillion. And through the next decade, it will account for nearly three-quarters of global GDP expansion.
At the same time, the move to digital brings with it fresh challenges. The most basic one is access. Even as you comfortably read this on a device screen, more than 40% of the world’s population still is not using mobile internet. The…
