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 study designs business models for electronic payment services, utilizing the principle of branchless banking and reviewing relevant aspects of IT risk management, for rural area communities in Indonesia.
Based on a sample of 62 developing countries, the paper provides empirical analysis showing increase in the use of FinTech has a positive effect on the level of financial inclusion, which in turn advance sustainable economic development.
"The paper evaluates the level of financial inclusion in Republic of Macedonia through analazysis of indicators in some basic categories like number of accounts, borrowed funds and payment services. "
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.
The Guidance focuses on facilitating access to formal services for financially excluded and underserved groups, including low income, rural sectors and undocumented groups. It extensively explores the initiatives taken in developing countries as it is where the challenge is the greatest.
The paper presents detailed insights from 15 years of financial inclusion research to highlight the importance of fintech, including proposing product development ideas for Fintech players, to better serve developing world market.
This paper looks at the impact of shifting to digital payments in Progresa-Oportunidades-Prospera Programme. It finds that delivering social protection payments digitally into savings accounts led to beneficiaries from low-income bracket favoring bank accounts over informal saving arrangements. It also found consumption smoothing and better risk management among the beneficiaries over time.
Moving toward universal access to financial services is within reach, thanks to new technologies, transformative business models, and ambitious reforms.
A Handbook on Regional Integration in Africa advises and informs on current dynamics, opportunities, challenges and policy options for Africa’s regional integration agenda. It is a unique resource for supporting capacity-building on African regional trade issues.¸
In this paper, they focus specifically on areas where digital financial services have significant potential to accelerate financial inclusion through their impact on existing business models. They also provide recommendations for governments and regulatory authorities on how to encourage the development of digital financial services to increase inclusion.
This paper recommends actions that policy makers and donors can take to improve the provision of financial services to crisis-affected populations.
Payments on messaging and e-commerce platforms set to increase China’s GDP by $236 billion by 2025, unlocking new economic opportunities for people and small businesses
Digitizing Wage Payments in Bangladesh’s Garment Production Sector
H&M group becomes the first global fashion brand to join the United Nations’ Better Than Cash Alliance
Payday can be an ordeal for women garment workers in Bangladesh. Often, they must wait in long lines, carry wads of cash through crowded streets, or encounter a mother-in-law demanding money.