Better Than Cash Alliance Perspectives: The Development Community
Guest post by Doug Sabo, October 4, 2012
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:
About the Author
Vice President, Head of Global Corporate Responsibility & Philanthropy at Visa
Corporate responsibility professional with extensive experience in sustainability, corporate social responsibility, community involvement, philanthropy (corporate giving / foundation), employee community involvement, government relations, public/private partnerships and corporate ethics. Also have led corporate engagement in international organizations such as the World Economic Forum and the Clinton Global Initiative.