The fintech revolution is going to change international trade as much as the digital revolution changed the media business and it is beginning now. Mobile phone money like M-pesa and microfinance lenders are bringing trade to the unbanked. Peer to peer lenders are disintermediating the big banks. Protocols based on blockchain technology will make the transfer of funds across borders instantaneous & cheap.
– Vivianne Arnold at the APEC Public Private Dialogue, SOM1, Philippines