The Bilderberg’s “Cashless Society” Proposal and Rwanda’s US Supported Cashless Payment System

Saturday, June 20, 2015
By Paul Martin

By Timothy Alexander Guzman
Global Research
June 20, 2015

One of the main topics at the Bilderberg Group meeting held last week in Telfs-Buchen, Austria was the idea of promoting a cashless society. It seems like governments in Africa think that a cashless society is a good idea, which is good news for the Bilderberg elite, but really bad news for the rest of us. The Independent, based in Uganda reported that John Karamuka, the head of payment systems at the National Bank of Rwanda is optimistic in creating a “cashless payment system” for ordinary Rwandan citizens. According to the report, Mr. Karamuka announced during the introduction of Airtel’s cashless payment system that “a lot of work remains to be done to build a solid cashless payment system in the country” he continued “Progress made towards creating a cashless economy is good, but is still far from the country’s vision”.

The National Bank of Rwanda has partnered with Airtel Rwanda, an affiliate owned by Bharti Airtel, a global telecommunications company with operations across Africa and Asia that would allow subscribers to pay bills from their mobile phones. Airtel Rwanda officials said that subscribers will be allowed to “pay electricity bills, television subscription and school fees through their mobile phones. The service will be expanded to include tax payment and water bills before the end of the year”.

Karamuka stated that “We need to move from simple money transfer to other financial services where one can pay for water through electronic channels; pay school fees, taxes and even [groceries] through merchant payment. This is when the country will be able to say it is moving towards a cashless payment society.” On October 29, 2014 the United Nations Capital Development Fund (UNCDF) published an article praising Rwanda’s leadership for their transition to a cashless society:

Today the Government of Rwanda has moved to accelerate its plans to transform Rwanda into a cashless economy and achieve 80 percent financial inclusion by 2017

The Rest…HERE

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