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This working paper finds that the introduction of payroll accounts among largely unbanked factory workers in Bangladesh led to increased account use and consumer learning.
Despite the near-term disruption to revenue growth related to the COVID-19 pandemic, Asia’s payments sector remains positioned for long-term success and is poised for a swift return to healthy growth.
This paper suggests pathways forward to help realize these benefits, with specific recommendations.
Mexico has been among the forerunners in tax digitalization, starting in the 1980s when it piloted digital Point of Sale (PoS) registration and invoicing.
The COVID-19 crisis is having a significant and widespread effect on global payments across sectors. The most striking and potentially lasting impact is an accelerating pace of change in the industry.