Electronic payments are becoming increasingly common as markets seek efficiencies through new technologies. However, the shift from cash to electronic — particularly in a way that expands the benefits of financial inclusion and savings for the poor — is a complex process requiring leadership, resources and technical expertise.
In addition to raising awareness of the benefits of replacing physical cash with electronic payments, the Better Than Cash Alliance facilitates the transition for governments, the development community and the private sector by:
- Advocating for organizations to commit to transition their distribution of government benefits, humanitarian aid assistance, payroll, and supplier payments from cash to electronic.
- Providing policy, technical and financial assistance to identify and implement the most effective approach for local market conditions that maximize the benefits at each stage of the transition.
- Developing cutting-edge research products, best practices and case studies in order to drive the effective shift from cash to electronic payments globally.