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If the world were to lose access to the internet for 24 hours, the economic hit globally would come to over $51.4 billion.

Punch Newspapers Sections Published 2 May 2021 Yomi is a semi-educated, middle-aged man living in the bustling city of Lagos, Nigeria. As a real estate agent, Yomi often closes the sale of properties, whereupon every transaction, he returns to his home with a huge amount of cash. One fateful day, his apartment catches fire and he loses N2m in the inferno. Why did he choose to hoard cash at home rather than deposit it in a bank for safekeeping? We can only hazard a guess. What Yomi’s unfortunate tale underscores is the fundamental need for financial inclusion as it is crucial to improving th...

England’s eagerly awaited non-essential stores’ reopening date of 12 April may come too late to stop a permanent change in the way Brits shop

Almost half of Asia Pacific prefers digital payments By 46% of Asia Pacific’s 1.8 billion online population using an e-wallet regularly The notion of a cashless society has never seemed a possibility in the cash-heavy region The shift towards digital payments increases potential and efficiency in regional economies, as well as reducing costs of doing business for SMEs From the light tap of a contactless card to the convenience of online payments, the switch to cash-free consumerism has surged over the last decade. Currently, the Asia Pacific, which holds an online population of 1.8 billion...

Push for Oprah on $50 bill, Kamala Harris on $100, Taylor Swift on $20 Print this article As President Biden considers putting Harriet Tubman on the $20 bill, a group has emerged with several other proposals to put women on bills. The British information firm Merchant Machine called for putting Vice President Kamala Harris on the $100 bill, media big Oprah Winfrey on the $50 bill, and tennis champ Serena Williams on the $10 bill. Photo courtesy Merchant Machine And if Tubman is sidelined, the firm suggested singer Taylor Swift on the $20 bill. In a proposal shared with Secrets...