THE POWER OF DIGITAL FINANCE TRANSFORMING HOW PEOPLE TRANSACT RECEIVING PAYMENTS MAKING PAYMENTS Salary Utility bill Remittance School fee Government subsidy Convenience store Bank 1 Payment provider Telecom Fintech Retailer Bank 2 Digital payments network THE POTENTIAL ECONOMIC IMPACT 1.6 BILLION $3.7 TRILLION $110 BILLION newly included annual reduction in individuals (6%) GDP boost by 2025 government leakage $4.2 TRILLION 95 MILLION $2.1 TRILLION in new deposits New jobs in new credit THREE REQUIRED BUILDING BLOCKS Widespread digital Dynamic financial Products people prefer infrastructure services market to existing alternatives Widespread connectivity, robust Risk-proportionate regulation New digital products offering true digital payments infrastructure, promoting stable financial system advantage in cost and utility for and well-disseminated personal and open markets fostering people to use them identification system innovation