Emerging markets: how contactless transaction are making a difference

How can farmers and merchants in isolated rural areas be given access to secure financing? How can governments tackle the informal economy, thus turning fraud and money laundering into an unprofitable activity? How can the estimated 815m undernourished people around the world receive their allotted food rations with greater flexibility? The answer is through the digitization of transactions, which involves the electronic safeguarding of confidential information that can be accessed only by authorized individuals or organizations. As such, digitization represents an essential step towards solving the key problem of the digital age — how to secure sensitive information.