Digital payments

Maximising consumer voices in digital financial services policy-making

This report highlights strategies for advocating fair, safe, and sustainable DFS, addressing issues like resource constraints and the need for technical expertise.

Interoperability Between Central Bank Digital Currency Systems and Fast Payment Systems: A Technical Perspective

This report delves into the interoperability between central bank digital currencies (CBDCs) and fast payment systems (FPS).

Digital payments, informality and economic growth

This paper finds that as digital payments increase, economic growth improves. Specifically, a 1% rise in digital payment usage leads to a 0.10% increase in GDP per capita growth over two years.

Strengthening Digital Financial Inclusion in Government-to-Person Payments to Women: Lessons for Emerging Economies

This brief reviews the use of digital technology in G2P payments to women in India.

An Introduction to Digital Tax Payment Systems in Low- and Middle-Income Countries

The paper provides an overview of digital payment systems’ types, benefits, and challenges for tax collection in low- and middle-income countries (LMICs).

Guide to Data Sources For Financial Inclusion Research

This report introduces five global databases covering account ownership, payments, digital adoption, trust, and the digital gender gap. It suggests data gaps and indicators helpful in fostering evidence-based policymaking.

Instant Payments and Merchants— Pricing Policy Considerations

The paper explains the changes in pricing policy for instant payments compared to traditional card schemes and assesses their impact on market development.

Mobile Money and the importance of timely, complete payments to frontline health campaign workers in the fight to eradicate polio: pilot experience from a WHO digital payment platform in Africa

Promoting responsible digital wage payments

This ILO brief gives an overview of the different considerations to maximize the potential of digital wage payments.

Analysing faster payment systems (FPS)

This report looks at various faster payment systems (FPS) in the world and analyze the speeds at which payments are processed and settled.

Digital payments make gains but cash remains

While the digitalization of payments is a global trend, payment habits still differ across countries. Interoperability of payment systems within and between countries is key to ensuring that payments can be made seamlessly.

Sustaining digital payments growth: Winning models in emerging markets

An article by McKinsey that explores which digital payments models are best placed to gain momentum in emerging markets and what innovations may lie on the horizon.

Interlinking payment systems and the role of application programming interfaces: a framework for cross-border payments Report to the G20

Interlinking arrangements’ benefits, challenges and risks.

"Can Digital G2P Transfers Drive Financial Inclusion and Digital Payments? Evidence from India"

This paper explores factors that have driven the adoption of digital payments in India by beneficiaries of PMGKY, the large-scale COVID-19 relief program.

Accelerating Digital Payments in Latin America and the Caribbean

The World Economic Forum and IDB Lab explore how digital payments in Latin America & the Caribbean can continue to evolve in an open, inclusive and safe manner.

Defining and Measuring Payment Interoperability

This WEF report explores how redefining and measuring the way digital payments interact with one another can help drive economic growth and financial inclusion.

Beneficiary Experience of Digital G2P Payments in Bangladesh, Colombia, and the Philippines

This IPA study from the Philippines, Colombia & Bangladesh explores consumers’ experience with digital G2P cash transfers during COVID-19.

World Bank - Central Bank Digital Currency : A Payments Perspective

This guidance note examines key aspects of central bank digital currency (CBDC) design and implementation, and implications for financial systems worldwide.

Developing Inclusive Digital Payment Systems

This report from Centre for Strategic and International Studies makes a strong case for digital payments for equity, development and security.

Ethiopia Digital Payments Strategy: Digital Ethiopia 2025

A digital strategy for Ethiopia inclusive prosperity