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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Scaling Digital Wages: An Opportunity for Garment Employees and Manufacturers
Some African nations lead the world’s e-money businesses. And several are finding that leaving notes and coins behind is not only improving efficiency, safety and transparency, but it is also helping many people leave poverty behind.
This ADBI working paper discusses measures to foster digital financial innovation in Indonesia. It identifies having a fintech roadmap along with a national digital economy strategy, aimed at developing a sound ecosystem, as crucial pillars for success.
Payments generated $1.9 trillion in revenue last year with financial companies in Asia-Pacific taking home almost half of that amount. Read McKinsey's Global Payments Report 2019 to learn more.
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.
New Reserve Bank of India study shows that per capita income, education, availability of digital infrastructure and greater internet penetration help in the growth of digital payments in an economy. For India, it suggests that the government should focus on providing a conducive macroeconomic environment and safe and easy access to digital infrastructure.
This CG Dev paper, by Professor Njuguna Ndung’u, shows how M-Pesa’s success has led to a series of endogenous innovations that have shaped Kenya’s digital space. It outlines several important challenges that Kenya will need to address in order to further consolidate its success, including connectivity issues, digital ID, interoperability and consumer protection.
Interview with Gustavo Vega, President of the clearing house ACH Colombia
A new Karandaaz study shows that around 95% of merchants in Pakistan do not accept digital payments. To promote adoption, it calls for creating awareness among users, better infrastructure, interoperability and reliability of services.
Based on surveys from 566 business leaders, a new VISA report finds that the top 3 (payments-related) fraud concerns are ID verification, data privacy, and transaction monitoring. It calls for taking a more holistic approach to fraud management which involves a mix of new technologies and new skills.
This GSMA study shares lessons from Orange's work in West and Central Africa on implementing Person-to-Government (P2G) payment strategies. It calls for having unifying policies and champions to help promote coordinated and effective P2G payment platforms.
This Harvard Business School paper analyzes more than 2.5 million transactions from a leading online retailer to investigate the effects of payment digitization on the online retail industry. It concludes that consumers who switch to digital payments maintain their purchase frequency but spend more and are less likely to return their purchases.
Introduction: Framing of our blog series on distributed ledger technology
Blockchain Series: Blog 1
Blockchain Series: Blog 2
Blockchain Series: Blog 3
Blockchain Series: Blog 5
Blockchain Series: Blog 6