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Tag: crossborderpayments

Geopolitics

The G20's Digital Dilemma: How Western Financial Imperialism Undermines Global South Inclusion Under the Guise of Security

The G20's ambitious roadmap to make cross-border payments faster, cheaper, and more inclusive is clashing with its safety and security goals, particularly due to expanded FATF rules requiring more personal information. This flawed, Western-dominated approach prioritizes theoretical security over real-world inclusion, effectively erecting new digital barriers that will exclude the most vulnerable in the Global South and expose them to AI-powered fraud.