Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

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Name: Join us next time on LinkedIn Live here on YouTube or at www.aroundthehornpod.com #podcast
Uploaded: 2023-11-08T07:06:06+00:00
Duration: 45 s
Channel: Tom Burton
Description: Short excerpt from a YouTube podcast discussion (uploaded by Tom Burton) about the shift from cash to digital payments in countries such as India and…

8 Nov 2023 · 1 min

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0:45

Short excerpt from a YouTube podcast discussion (uploaded by Tom Burton) about the shift from cash to digital payments in countries such as India and Brazil and the economic implications—specifically whether measured growth reflects real output or formalization of previously unrecorded (‘black’) economic activity.

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Very interesting. India and Brazil particularly, there's a huge move towards digital payment system, which is. So a lot of the economy in the past was cash based, unlike the developed economies, as they are transitioning to the digital payment system, which means with a phone, you handle everything. Some of the economic growth, I feel. So I'm not sure if all of the growth is real growth or what we would call as the black economy turning into white economy, which is the bad money that is not accounted for is becoming accounted for because of the digital payments. Okay, so let me ask you a question that actually goes with.
Man, this is the story. Right. So as you were talking about, Latin America, really moving that direction.
Brazil particularly. Yeah.
Right. But that's been the mode in Africa for.