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 Alliance contributed to the launch of Peru’s new mobile payment system, Bim, which plans to bring digital payments to 5 million Peruvians over 5 years.
A new report by the World Bank, the Better Than Cash Alliance, the Bill & Melinda Gates Foundation and Women’s World Banking provides insights on how digital financial services can help close the gender gap.
Digital payments can promote broader development goals of the G20 countries, according to a new report by the World Bank Development Research Group.
The Alliance and the Gates Foundation propose digital financial services as a means for this growth to be broad-based and inclusive, especially for to women.
Women need confidential and easily accessible financial services as well as control over their finances, and electronic payments bring these features to financial products.