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This paper explores factors that have driven the adoption of digital payments in India by beneficiaries of PMGKY, the large-scale COVID-19 relief program.
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.
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.
The Bain & Company report shows that two Alliance members, Indonesia and Vietnam, are growing the fastest and the adoption of digital payments in the region is expected to cross $1 trillion by 2025.
This paper explores the nexus between financial inclusion and financial innovation by looking at data from 6 South Asian countries - including 4 Alliance members.
This ADBI brief discusses policy interventions that can help governments in the Asia Pacific region leverage fintech to close the gender gap in financial inclusion. It calls for ensuring tailored services that promote ease of use, flexible regulation to promote access and active coordination among relevant government ministries to enhance financial education.