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 Report Responsible Practices to Address Seven Major Risks in COVID-19 Digital Financial Transfers identifies seven heightened risks resulting from the speed and scale of COVID-19 digital transfer responses.
Opening new payment gateways for merchants presents risks but much greater opportunities. Striking the right balance between fostering innovative services and managing risk is crucial.
"The study finds that the type of mobile coverage provided has a significant effect on the DFS UI and type of mobile phone that can be used for DFS access.Feature phones and Unstructured Supplementary Service Data transactions continue to be the choice for the vast majority users."
The paper proposes a new communication network, Speed PAy, that jointly connects the banks together and allows the customers to process all kind of transactions with the use of their cell phones and without the need for a new SIM.
The paper shows that behavioral intention, demonetization and facilitating conditions have a positive impact on the adoption of mobile payment services in India.
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.
Can digital financial services help bring them into the tax net? The answer is not simple, but quality infrastructure based on RDPGs is an integral part of the puzzle. Read the new World Bank working paper that also includes learnings from Uruguay on this topic.
Interview with Gustavo Vega, President of the clearing house ACH Colombia
This IMF brief takes a first stab at tackling the questions surrounding the rise of new forms of digital money. It identifies the benefits and risks and highlights regulatory issues that are likely to emerge with broader adoption of different forms of e-money.
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 4
Blockchain Series: Blog 5
Blockchain Series: Blog 6
IMF managing director Christine Lagarde is to be applauded for her recent leadership in the fight against corruption, and her recognition that there is an increasingly limited role for cash in digital economies.