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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The paper identifies opportunities and challenges in using the interface and options available in a smartphone to solutions that are more flexible, more accessible based on literacy levels, and more secure than traditional ‘feature’ phones.
Using various global datasets, this study quantifies the effect of financial inclusion and digital payments on income and individual government tax revenues to be an additional $4.1 trillion in the world economy.