GES 2017 :Ruth Patricia Goodwin about digital economy

Hyderabad Nov 30: The Global Entrepreneurship Summit Day 3 has begun and various discussions took place on Day 2 of the summit. A panel discussion on 'Payment Platforms: What's the Next Game Changer' took place and the session was attended by the co-founder of Flipkart Sachin Bansal,Ruth Patricia Goodwin, PayPal vice president Lisa Mather have participated in the discussion.

Speaking at the summit Ruth Patricia Goodwin-Groen of Better Than Cash Alliance, a programme of United Nations Capital Development Fund (UNCDF) said: "these were interesting times for entrepreneurship in India as financial inclusion was being given top priority with millions of bank accounts were being opened for financial inclusion."

She has also said that "the big take away was saving of billions of dollars through Direct Benefits Transfer facilitated through fillip given to financial inclusion and opening of Jan Dhan accounts."

Ruth Patricia added that " The financial inclusion, however, has advantages, for instance, it builds the credit history, makes it easy for an entrepreneur to secure a loan. Speed, consistency and scale and security would accelerate digital transactions."