Digital Financial Services and the Pandemic: Opportunities and Risks for Emerging and Developing Economies
The COVID-19 pandemic and the need for social distancing have put a spotlight on digital financial services.
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.
Originally published on CGAP.org
Crises of all sorts, from conflicts to natural disasters to health emergencies, are happening at unprecedented rates around the world — so much so that the United Nations convened the first World Humanitarian Summit this week.
A report by Electronic Cash Transfer Learning Action Network (ELAN)
A report by International Rescue Committee's (IRC)
The ability to make and receive payments electronically has emerged, in recent years, as a technology hero during natural disasters and health pandemics. At a time when more people than ever are affected by conflict and crisis, there is good news.
Saving Money, Saving Lives: A Case Study on the Benefits of Digitizing Payments to Ebola Response Workers in Sierra Leone
At the height of the Ebola crisis, Sierra Leone turned to mobile wallets to make fast, accurate, and secure payments to Response Workers. Before digitization, cash payments were slow, inaccurate, and open to graft and theft.
Building a Gateway to Digital Payments in Afghanistan: The World Food Programme’s E-Voucher Initiative
In Afghanistan, the World Food Programme (WFP) turned to digital payments to deliver food aid and has experienced many benefits by transitioning to e-vouchers and mobile money.
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.
Une nouvelle étude des Nations unies révèle que les paiements numériques versés aux équipes d'intervention contre Ebola ont permis de sauver des vies et d'économiser 10 millions de dollars
En utilisant les paiements numériques pour rémunérer les personnes employées dans la lutte contre Ebola, la Sierra Leone a énormément réduit les délais de paiement, évitant ainsi des grèves à grande échelle et garantissant une main d’œuvre stable pour éliminer Ebola. L'expérience de la Sierra Leone montre qu'il est crucial de se préparer tôt aux paiements numériques avant l'émergence d'une crise.
Unintended Consequences of Anti–Money Laundering Policies for Poor Countries