Welcome to the Better Than Cash Alliance blog. We hope you enjoy our online community as we feature commentary from the Better Than Cash Alliance founders and partners and highlight successful stories from around the world about the shift from cash to electronic payments. Our blog will tell the ongoing story of how electronic payments are advancing global financial inclusion, empowering people and growing emerging economies. If you have questions or comments, please contact us. We welcome your feedback.
Kenya is moving towards emerging market status and the government’s focused strategy of creating an electronic payments economy is contributing to its growth. During a reception hosted by the Better Than Cash Alliance at the World Bank / IMF Spring Meetings, Better Than Cash Alliance Managing Director Dr. Ruth Goodwin-Groen asked Kenya’s Dr. Geoffrey ...
By Matt Renaud, Chief Financial Officer, ACDI/VOCA 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 ...
By: Ruth Goodwin-Groen, Managing Director, Better Than Cash Alliance At the World Economic Forum Annual Meeting in Davos, Switzerland, this morning, the Better Than Cash Alliance hosted a roundtable discussion with Juan Jiménez Mayor, Prime Minister, Republic of Peru; Dr. Mauricio Cárdenas, Minister of Finance, Republic of Colombia; and Florencio B. Abad, Secretary of Budget ...
By: Doug Sabo, Visa Corporate Responsibility Around the world, 2.5 billion people lack access to formal financial services. As a result, most poor households live almost entirely in a cash economy. Shifting to electronic distribution of social benefits, humanitarian aid or payroll can advance financial inclusion and help poor people build savings while achieving cost ...
