The Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to help achieve the Sustainable Development Goals.
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Why should retailers shift to digital payments? An average digital payments user of Grab, a ride-hailing service, makes twice as many transactions than those who use cash and is 30% more lik…
This report covers overview and constraints of setting up a social protection system for informal workers in Asia. It also includes interesting case studies of some Asian countries including Bangladesh, the People’s Republic of China (PRC), Indonesia, Pakistan, and the Philippines.
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.
Focussing on women, and micro, small, and medium enterprises (MSMEs), the paper highlights that digital financial solutions could play a significant part in closing gaps in financial inclusion and povides insights from Indonesia, Philippines, Cambodia, and Myanmar.
Over the past five years, mobile money has gained traction in South Asia, which is experiencing an average annual growth rate of 46 percent in mobile money accounts—the highest across all regions. For more details check out IMF’s 2019 Financial Access Survey that was released last week
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 top barriers to mobile ownership in Asia are literacy and skills and affordability, with family disapproval also featuring as a major barrier in parts of South Asia.
Through an extensive literature review, the paper provides evidence about role of mobile banking as well as branchless banking is significant for women entrepreneur’s empowerment, especially for financially including them.
Transportation Series: Blog 4…
This inaugural study from the Tech for Good Institute presents data-based insights and public-private perspectives on how to support the platform economy’s growth in Southeast Asia while mitigating its risks.
This report from IFC, the 1st large-scale use of platform data in the region, shows that growth could be higher with greater investment in women entrepreneurs.
Digital Payments and Financial Inclusion Key to Poverty Alleviation and Economic Growth, say World Leaders…
The mobile money industry is now processing a billion dollars a day and generating direct revenues of over $2.4 billion. With 690 million registered accounts worldwide, mobile money has evol…
The global economy is experiencing important technological shifts, with the rise of digital technology a key driver. This can be seen today in the rapid growth of the digital economy, broadl…
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.
Finance Ministers of the economies of Asia-Pacific Economic Cooperation (APEC) endorsed the new Better Than Cash Alliance report on the role of digital payments in sustainable agriculture on 21st October, in Viet Nam.
His Excellency Jose L. Cuisia Jr., Ambassador of the Republic of the Philippines to the United States of America, and Mr. Paolo Eugenio Baltao, President, G-Xchange (a subsidiary of Globe Te…
Blockchain Series: Blog 4