Ideas & Updates

Better Than Cash Alliance Perspectives: The Development Community

Around the world, 2.5 billion people lack access to formal financial services.

As a result, most poor households live almost entirely in a cash economy. Shifting to electronic distribution of social benefits, humanitarian aid or payroll can advance financial inclusion and help poor people build savings while achieving cost savings, efficiency, and transparency.

The recent Better Than Cash Alliance launch event gathered together governments, the development community, and the private sector–all aligned around a common goal to shift the world from cash to electronic payments.

We took the opportunity to gather unique perspectives from global leaders tackling this important issue. The first set of perspectives come from members of the development community, including:

Mercy Corps CEO Neal Keny-Guyer

World Food Programme Executive Director Etharin Cousin

CARE CEO Dr. Helene Gayle