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 chapter provides an overview of financial inclusion around the world and discusses the empirical evidence on how the use of formal financial services significantly contribute to inclusive growth and economic development.
At the heart of this financial transformation is the rise of digital payments services through which nearly any individual or business can send or receive money in real time for almost any p…
This report provides insights from the Digital Money Index, which tracks the development of digital money readiness in 84 countries. It shows a 5.5% improvement in overall digital money readiness over the last five years.
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.
The report provides key findings from the mobile money workshops conducted by Electronic Cash Transfer Learning Action Network (ELAN) in January 2016- one in Dakar (Senegal) and other one in Gisenyi (Rwanda).
The report finds that infrastructure is one of the most critical parts of delivering electronic payments and also remains woefully lacking. At present about 43 percent of all consumer payments are made with cash.
The toolkit provides a comprehensive view of scale and nature of Mobile money opportunities; strategic considerations around interoperability and enabling third parties; further providing some insights and best practices around the same.
Distributing benefits, such as child support, unemployment and disability assistance, has been transformed by the use of prepaid cards. Instead of mailing paper checks, 40 states now use Vis…