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 analyzes the role of regulators in promoting instant payments and identifies instances of payment instrument substitution.
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.
The GSMA shares the latest mobile money data and insights, including that 1.35 billion registered accounts are processing $1 trillion in transactions annually.
This WEF report explores how redefining and measuring the way digital payments interact with one another can help drive economic growth and financial inclusion.
Through surveys with consumers and payments practitioners, McKinsey share anticipated trends which will shape the region’s ‘payments revolution’ over the next five years.
A digital strategy for Ethiopia inclusive prosperity
The Mastercard New Payments Index, conducted across 18 markets including Colombia, India, Kenya and Mexico, shows 93% of people will consider using at least one emerging payment method in the next year.
Despite the near-term disruption to revenue growth related to the COVID-19 pandemic, Asia’s payments sector remains positioned for long-term success and is poised for a swift return to healthy growth.
“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.
This paper investigates the impact of mobile financial services - MFS (mobile money, and mobile credit and savings) on the informal sector using data from 101 emerging and developing countries over the period 2000-15.
The paper shows that behavioral intention, demonetization and facilitating conditions have a positive impact on the adoption of mobile payment services in India.
This ADBI working paper discusses measures to foster digital financial innovation in Indonesia.
This paper explores economic informality and how it relates to digital financial inclusion. It focuses specifically on the potential role that digital financial services–including those accessed through mobile phones and the internet can play in encouraging businesses to formalize their operations.
New IMF paper outlines policy strategies to help promote financial inclusion through fintechs in the Pacific Island countries. It calls on governments to close regulatory gaps and enhance digital and financial literacy while urging fintechs to take a regional approach to overcome scalability constraints.
This IMF brief takes a first stab at tackling the questions surrounding the rise of new forms of digital money.
CGAP worked with 18 fintech pilots across Africa and Asia. This set of case studies describes for each pilot the service that was piloted, the nature of its testing, and emerging lessons. Th…
Why should retailers shift to digital payments? An average digital payments user of Grab, a ride-hailing service, makes twice as many transactions than those who use cash and is 30% more lik…
World Bank joined hands with IFC on a project for digitizing and modernizing Côte d’Ivoire’s social protection payments. Results show a reduction in administrative costs and better targeting of beneficiaries.
The paper examines the effects of mobile money as financial technology and service innovation on consumer demand, connecting the effects to the fast evolving mobile technologies (from 1G to 4G).