News
sQuid showcases innovative digital account technology at World Bank Annual Meetings
13 October 2017
We were honoured to participate at the World Bank and IMF Annual Meetings in Washington D.C. yesterday, where we had the opportunity to present our digital account technology at the Bridging the Inclusion and Technology Divide Fair.
The prestigious World Bank Annual Meetings are held each autumn to discuss a range of issues related to poverty reduction, international economic development and finance, providing a forum for international cooperation and enabling the World Bank and IMF to better serve their member countries.
Over 10,000 people attend the meetings, including 3,500 members of delegations from the member countries of the Bank and the IMF, roughly 1,000 representatives of the media, and more than 5,000 visitors and special guests drawn primarily from private business, the banking community and NGOs.
The Tech Fair brought together key technology innovators to showcase how technology is being used to promote inclusive development. And we were delighted to have the opportunity to demonstrate sQuid's technology, which has enabled over $1 million of payments to be distributed to beneficiaries in Kenya, Somalia and Nigeria, and over 200,000 schoolchildren to benefit from digital learning access since 2015.
Several other leading technology companies were also in Washington to discuss how digital technology is disrupting development and what could be done to level the playing field and harness its benefits.
At the Digital Economy for Development session, World Bank Group President Jim Yong Kim and Airbnb co-founder Joe Gebbia discussed how digital identification systems and mobile technology are crucial in providing the basis for access to services such as banking, electricity, healthcare and much more.
They highlighted the need for a global framework to protect individuals’ data, which is thought to be crucial in preparing a secure digital future for everyone. The pair emphasised how corporations, governments and organizations like the World Bank Group can come together to deliver essential services while also generating profit.
We’d like to thank the World Bank for inviting us to participate and showcase how our technology can enable digital financial inclusion and digital learning.
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To learn more about sQuid’s digital transaction and eLearning technology, please contact us.
Photo credit (World Bank Group)