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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Mexico has been among the forerunners in tax digitalization, starting in the 1980s when it piloted digital Point of Sale (PoS) registration and invoicing.
Joint report by the Better Than Cash Alliance, the Center for Global Development, and the Overseas Development Institute, building on work with the International Monetary Fund in 2017.
Although cashless payment instruments have been available in Mexico for some time, their rate of adoption was not remarkably fast, until the last 15 years. This chapter seeks to document this phenomenon and discuss some hypotheses on why the adoption rate is still low.
For the first time, new evidence from 25 countries shows how governments and companies can move away from cash, as McKinsey Global Institute reveals a potential $3.7 trillion GDP boost…
500 million Indian smartphone users in next 5 years: a huge market for digital payments
Crossposted from the original post that appeared in The Economist Intelligence Unit…
Exciting study results on the Mexican government’s shift to e-payments