The Universal Access to Payments (UA2P) Index – David Fagleman – [Episode #33]

In the latest episode of our P.I.T Exchange podcast, Jens Seidl engages in a compelling discussion with David Fagleman, director of Enryo Consulting and a renowned expert in the cash and payments industry. The episode delves into the critical issue of Universal Access to Payments (UA2P) and the recent launch of the UA2P Index designed to assess how various countries are progressing toward this goal. Get your copy of the Index HERE.

What is Universal Access to Payments (UA2P)?
Universal Access to Payments is the principle that every individual, regardless of their circumstances, should have the ability to safely and conveniently make and receive payments, as well as store and access their money. This concept extends to both consumers and businesses, ensuring that everyone can engage in financial transactions without barriers. The conversation highlights the importance of accommodating diverse payment preferences, whether individuals choose to use cash or digital methods.

The Creation of the UA2P Index
The index evaluates G20 countries across three levels: Essentials, Progress, and Pioneer. It highlights innovations like India’s real-time payments infrastructure, UPI, and challenges such as Canada’s lag in certain advancements, aiming to provide actionable insights into global payment systems.

Refining the Data and Methodology
The episode delves into the challenges of data accuracy, the need for fair comparisons across nations, and the importance of stakeholder feedback. Efforts to incorporate visual tools like radar charts help make the data accessible and insightful for policymakers and payment stakeholders.

The Societal Impact of Payment Systems
Beyond infrastructure, the discussion emphasizes the broader implications of payments on financial inclusion, autonomy, and societal well-being. Examples include cash’s role in empowering women and its importance for individuals with cognitive challenges, underscoring the need for a holistic approach to payment systems.

Want to Hear More About Payments?
If you’re eager to dive deeper into payments, join us in Paris next year at the Central Bank Payments Conference and Global Payments Summit! Explore the latest innovations and stay ahead in this fast-evolving industry.

Disclaimer: While we embrace open dialogue and value diverse perspectives, it’s important to note that the views expressed by individuals in our podcast episodes are entirely their own. They may not necessarily align with the views, opinions, or positions of the organization they are associated with.