Why Shift to Electronic Payments

Around the world today, governments, the development community and the private sector make billions of dollars of cash payments to people living in poverty, including disbursements of salaries, payments to suppliers, pensions, social welfare stipends, cash-for-work programmes, emergency relief payments, and others. While cash is preferable to the distribution of food and other in-kind goods, these programs present a missed opportunity to expand financial inclusion and help people in poverty grow assets.

Shifting these programs to electronic payments creates lasting benefits for people, communities and economies, including:

Cost Savings

Cost Savings

Electronic payments can decrease the direct and indirect costs associated with physical cash or distribution of in-kind goods.

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A woman in a bank.

Transparency

Electronic payments can increase the immediate accountability and tracking of financial flows, resulting in less corruption and theft.

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People in a banking unit.

Speed & Security

Electronic payments can result in safer and speedier delivery of funds.

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Women in a mobile banking unit

Financial Inclusion

When implemented effectively, electronic payment programmes have the potential to provide an on-ramp to financial services for those currently excluded from the formal financial system.

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Economic Development

New Market Access and Economic Development

Electronic payments can open doors to fee-for-service business models in previously un- and under-served areas by reducing transaction costs.

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Yolanda Sanchez smiling in a park

Electronic Payments Changing Lives

Read Stories of How Electronic Payments Have Changed the Lives of People Living in Poverty.

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Join The Alliance
Governments

Governments

A more efficient, transparent and secure means of disbursing benefits.

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Development Community

Development Community

Create lasting benefits for people, communities and economies.

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Private Sector

Private Sector

Reduce many of the costs related to hard currency payments.

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