I know that I take for granted that I am able to perform financial transactions, around the world via a multitude of channels, essentially any time I want. In fact, only because of my lifestyle, my biggest headache comes from a banking system in the US that often flags my non-US transactions as suspect for fraud.

Today's episode is about how we can take a look at individuals and businesses on the other side of that coin (yes, another wonderful pun). I'm referring to the vast majority of people who operate exclusively with cash, are unbanked and have little of any real access to credit. These individuals are not included in the efficiencies and benefits of the digital economy, and the gap only gets more difficult to bridge as time presses on.

My guest for today's 167th Terms of Reference Podcast is Badal Malick. Nadal is the CEO of Catalyst, an organization focused on helping India's small businesses and low income consumers unlock the power of digital payments to gain access to broader financial services and create opportunities vital to their future prosperity.

This is a fantastic discussion about financial inclusion where we cover both the size and chicken-and-egg nature of the problem, the 4 part solution Catalyst is implementing, Why financial inclusion is a potential game changer for so many and much more.