full transcript
From the Ted Talk by Ajay Banga: Financial inclusion, the digital divide and other thoughts on the future of money
Unscramble the Blue Letters
WPR: And so one thing that's really struck me as you're talking through what financial inclusion looks like and how it wroks, is the ddnpceeney on toehnoclgy, on spthamoners, on internet access, and we know that this is something that a lot of people srgulgte to have access to this in developing nations, even in developed countries. Talk a little bit about how this might in some ways increase the digital ddviie, and sort of, how you respond to people who might criticize this idea in that way.
AB: There are two topics you just came across, the digital divide, which I think is a real issue. But just to be clear, all the examples I gave you, they work on smartphones and they work on old flip phones as well. That QR code, if you have a camera on your smartphone, you can take it, but there's a numerical number there, you could enter that nmuebr into your finger phone and get it across as well. Examples like that in Egypt, where we've oeepnd mobile weatlls on phones, they don't have to be on a snpmoatrhe, it could be on an old phone. So to be caler, these financial inclusion examples do not depend on smartphones, they do not depend on just internet access in your house, you do need a phone, a cell phone, in a number of the examples I gave you. But in the case of the micro and smlal credit enterprises, you don't even need a pnhoe. That actually is just the transaction history of the produce you bought and what you sold getting digitized and a bank being able to underwrite. There are other problems of infrastructure in those that we can talk about.
Open Cloze
WPR: And so one thing that's really struck me as you're talking through what financial inclusion looks like and how it _____, is the __________ on __________, on ___________, on internet access, and we know that this is something that a lot of people ________ to have access to this in developing nations, even in developed countries. Talk a little bit about how this might in some ways increase the digital ______, and sort of, how you respond to people who might criticize this idea in that way.
AB: There are two topics you just came across, the digital divide, which I think is a real issue. But just to be clear, all the examples I gave you, they work on smartphones and they work on old flip phones as well. That QR code, if you have a camera on your smartphone, you can take it, but there's a numerical number there, you could enter that ______ into your finger phone and get it across as well. Examples like that in Egypt, where we've ______ mobile _______ on phones, they don't have to be on a __________, it could be on an old phone. So to be _____, these financial inclusion examples do not depend on smartphones, they do not depend on just internet access in your house, you do need a phone, a cell phone, in a number of the examples I gave you. But in the case of the micro and _____ credit enterprises, you don't even need a _____. That actually is just the transaction history of the produce you bought and what you sold getting digitized and a bank being able to underwrite. There are other problems of infrastructure in those that we can talk about.
Solution
- works
- wallets
- opened
- dependency
- small
- smartphone
- clear
- smartphones
- number
- divide
- struggle
- phone
- technology
Original Text
WPR: And so one thing that's really struck me as you're talking through what financial inclusion looks like and how it works, is the dependency on technology, on smartphones, on internet access, and we know that this is something that a lot of people struggle to have access to this in developing nations, even in developed countries. Talk a little bit about how this might in some ways increase the digital divide, and sort of, how you respond to people who might criticize this idea in that way.
AB: There are two topics you just came across, the digital divide, which I think is a real issue. But just to be clear, all the examples I gave you, they work on smartphones and they work on old flip phones as well. That QR code, if you have a camera on your smartphone, you can take it, but there's a numerical number there, you could enter that number into your finger phone and get it across as well. Examples like that in Egypt, where we've opened mobile wallets on phones, they don't have to be on a smartphone, it could be on an old phone. So to be clear, these financial inclusion examples do not depend on smartphones, they do not depend on just internet access in your house, you do need a phone, a cell phone, in a number of the examples I gave you. But in the case of the micro and small credit enterprises, you don't even need a phone. That actually is just the transaction history of the produce you bought and what you sold getting digitized and a bank being able to underwrite. There are other problems of infrastructure in those that we can talk about.
Frequently Occurring Word Combinations
ngrams of length 2
| collocation |
frequency |
| financial inclusion |
9 |
| world food |
4 |
| food programme |
4 |
| billion people |
3 |
| save money |
2 |
| internet access |
2 |
| rural parts |
2 |
| cashless society |
2 |
| good objective |
2 |
| electronic forms |
2 |
ngrams of length 3
| collocation |
frequency |
| world food programme |
4 |
Important Words
- access
- bank
- bit
- bought
- camera
- case
- cell
- clear
- code
- countries
- credit
- criticize
- depend
- dependency
- developed
- developing
- digital
- digitized
- divide
- egypt
- enter
- enterprises
- examples
- financial
- finger
- flip
- gave
- history
- house
- idea
- inclusion
- increase
- infrastructure
- internet
- issue
- lot
- micro
- mobile
- nations
- number
- numerical
- opened
- people
- phone
- phones
- problems
- produce
- qr
- real
- respond
- small
- smartphone
- smartphones
- sold
- sort
- struck
- struggle
- talk
- talking
- technology
- topics
- transaction
- underwrite
- wallets
- ways
- work
- works