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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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.
Project Kirana is currently training 3,000 women shop owners and managers in the cities of Lucknow and Kanpur.
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 paper shows that behavioral intention, demonetization and facilitating conditions have a positive impact on the adoption of mobile payment services in India.
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 ADBI working paper discusses measures to foster digital financial innovation in Indonesia.
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
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.
New CGAP focus note explores the core idea behind future-ready G2P payments, lays out its advantages and challenges, and describes how governments can create modern G2P payments systems. It draws heavily from ongoing efforts in Bangladesh, India, Kenya, Tanzania and Zambia.
This study discusses the emergence of bKash as the m-banking pioneer in Bangladesh. It focuses on the services provided by bKash and its current operating scenario in Bangladesh. bKash’s str…
New IMF paper outlines policy strategies to help promote financial inclusion through fintechs in the Pacific Island countries. It calls on governments to close regulatory gaps and enhance digital and financial literacy while urging fintechs to take a regional approach to overcome scalability constraints.
Nandan Nilekani-led high-level panel submitted its report on deepening digital payments in India. It calls for pivoting the ecosystem from issuance to acceptance and shares practical recommendations for doing that. The report refers to 6 Alliance publications.
With an aim to create a cash-lite economy, the Reserve Bank of India has published its “Payments System Vision 2021.” The document can be a useful resource for members like Ghana who are wor…
Government of Bangladesh shifted to digital payments to transfer education stipends directly to mobile phone accounts of nearly 13 million mothers. In this report, CGDev takes stock of how t…
CGAP worked with 18 fintech pilots across Africa and Asia. This set of case studies describes for each pilot the service that was piloted, the nature of its testing, and emerging lessons. Th…
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…
The paper examines the role NPCI played in transforming the way India manages financial transactions, as well as what lessons can be learned from India’s experience.
New research from India states that low adoption of digital payments among small retailers is not a result of supply-side barriers, such as affordability and availability. It is due to deman…
The paper suggests a pragmatic approach for Bangladesh to financially include the underserved through Digital financial services (DFS) by promoting interoperability.