Digital payments: fuelling the rise of the digital economy

Categories : Blog


Author: Xavier Martin

The global economy is undergoing a rapid transformation, with the rise of the digital economy playing a pivotal role in reshaping industries and driving growth. Digital payments have emerged as a key catalyst for this transformation, facilitating seamless transactions, fostering financial inclusion, and unlocking new opportunities. At Digital Frontiers we are convinced that digital payments can bridge the financial divide, empowering individuals, and small businesses to participate in the formal economy. It´s for this reason that we created the Instant and Inclusive Payments System program to better equip the payments professionals that are working on these deployments.

But the digital economy is not only about payments; it encompasses a broad spectrum of activities, including e-commerce, digital services, and online platforms. The increasing digitisation of various sectors has opened doors to innovation, efficiency, and global connectivity, providing unprecedented opportunities for businesses and consumers alike.

In the new digital economy, people require a diverse set of skills to navigate and thrive. Traditional skills are being complemented by a range of digital competencies necessary to adapt to the rapidly evolving landscape. With this objective in mind, we created in partnership with the Fletcher School at Tufts University the course Imagining a Digital Economy for All (IDEALS) to equip public and private decision makers to understand and measure the state and trajectory of inclusive digitalisation in an economy using the latest research to extract relevant insights.

The digital economy is rapidly growing and reshaping industries across the globe. By understanding the intricacies of this transformative force, individuals can position themselves for success and seize the numerous opportunities it presents. We need to address the challenges and implications of the digital economy, including data privacy, cybersecurity, and ethical considerations, fostering responsible and informed digital citizenship. IDEALS serves as a valuable investment in equipping learners with the knowledge and skills necessary to thrive in the digital age. Ready to unlock the potential of the digital economy and gain a competitive edge in today’s rapidly evolving world? Sign up now for our comprehensive course on the digital economy!


Xavier Martin

DFI Divisional Director