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 report provides insights from the Digital Money Index, which tracks the development of digital money readiness in 84 countries. It shows a 5.5% improvement in overall digital money readiness over the last five years.
Today, over half of the world population lives in cities. By 2050, this number will increase to two-thirds. In this context, this study looks at the net benefits associated with adopting digital payments at the city-level.
The paper outlines potential for growth for FinTech for financial inclusion while emphasising on the need for regulatory approaches , citing some successful cases from India , Kenya and China.
It sets a model for an enabling environment for financial inclusion across five domains: 1. Government and Policy Support; 2. Stability and Integrity; 3. Products and Outlets; 4. Consumer Pr…