Wage payments

Digitizing Wage Payments in Bangladesh’s Garment Production Sector

Digitizing Wage Payments in Bangladesh’s Garment Production Sector

Why Women Workers and Managers Prefer Electronic Wage Payments in Bangladesh

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.

Digitization of payments in Mexico saves billions

The Mexican government is saving an estimated US$ 1.27 billion per year, or 3.3 percent of its total expenditure, on wages, pensions and social transfers. How? By digitizing and centralizing its payments.

Call to action: Digitizing workers’ payments in the garment sector in Bangladesh

Leading brands call on other companies and suppliers in Bangladesh to grasp the opportunity to drive inclusion, efficiency, and transparency through wage digitization

In Bangladesh, key public and private sector actors commit to scaling digital wages across garment sector

Dhaka, November 20, 2019 - Media release by Government of Bangladesh: Building on what has been achieved so far, the government and the private sector have committed to working together to solve the challenges in ensuring all garment factories pay their workers digitally. The decision came from the Bangladesh Digital Wages Summit, which convened on 20 November in Dhaka.

The International Labour Organization commits to expanding the use of responsible digital payments to advance decent work

New partnership will result in promoting digital payments as an important tool to increase security, financial inclusion and economic opportunities in the workplace.

Can India Post rise up to the digital payments and financial inclusion challenge?

On 19 August 2015, the Reserve Bank of India approved licenses for eleven institutions to set up payment banks. The purpose was to have these banks further financial inclusion by providing small savings accounts and payment / remittance services to, “migrant labour workforce, low income households, small businesses, other unorganised sector entities and other users.”

Putting Digital Payments to Work in the Time of COVID-19

As the tragic human costs of COVID-19 mount, the need for practical, scalable, quick and effective solutions is urgent. Now more than ever, it’s time to put digital payments to work.

National Payments Corporation of India and the remaking of payments in India

The paper examines the role NPCI played in transforming the way India manages financial transactions, as well as what lessons can be learned from India’s experience.

The Digital Payments Opportunity: A Conversation

This blog was originally published on BSR.org

New United Nations study finds digital payments to Ebola response workers saved lives and $10 million

By using digital payments to pay Ebola response workers, Sierra Leone massively cut payment times, avoiding large-scale strikes and ensuring a stable workforce to defeat Ebola. Sierra Leone’s experience shows the critical importance of preparing early for digital payments before crises hit.

Get in the fast lane through digital payments

Responsible Digital Payments Guidelines

The Better Than Cash Alliance 'Responsible Digital Payments Guidelines' identify eight good practices for engaging with clients who are sending or receiving digital payments and who have previously been financially excluded or underserved.

Joining Central Bankers to Focus on Innovations in Consumer Payments

The World Bank and the Committee on Payment and Settlement Systems (CPSS) recently hosted the Third Meeting of the CPSS – World Bank Retail Payments Forum in Perugia, Italy.

Responsible Digital Payments: Reducing the risks that come with new opportunities

It’s all at our fingertips. The possibility to make a payment. The delight of receiving one. From Peru to Rwanda to India, people, governments and businesses are increasingly making their payment transactions digitally, whether by mobile phone, by card or online.

ACDI/VOCA: Why Electronic Payments are Game-Changing for Development Practitioners

At ACDI/VOCA we see firsthand how technological innovations are revolutionizing approaches to global economic development. This is particularly true for electronic payments. Around 2.5 billion people around the world are “unbanked.” Without access to financial services, they can’t save for the future, build assets or get credit. For those who do have access, the services are often rudimentary and inefficient. Electronic payments open doors and create lasting benefits for this underserved population by providing access to robust, modern financial services.

First There Was Cash-for-Assets – Could WFP’s New E-Payments Model be Scaled Up Too?

Kenya has been hailed as one of the developing world’s leaders in electronic payments. So it should come as no surprise that a sparsely populated, dusty village 500 kilometres from Nairobi is home to a pilot project testing whether an electronic delivery model for aid can be viable on a larger, commercial scale. Drought prone Merti is a small town in the arid and semi-arid lands (ASALs), of northern Kenya where The World Food Programme, MasterCard and local partner Equity Bank have been running a pilot point-of-sale electronic payments programme. .

An Inclusive Approach to Digital Payments Ecosystems: Accelerating the Transition from Cash Requires an Ecosystem Approach

The purpose of this working paper is to set out the key components and stakeholders in a digital payments ecosystem (DPE); to show how inclusive DPEs are vital in the transition from cash to digital payments; and to describe the key conditions for successfully building an inclusive DPE.

Pioneer governments lead the way on shifting from cash to digital payments

By BTCA Communications Team