Payments are central to how governments transfer and receive financial resources; however, the way such payments are made is often not mainstreamed in public financial management (PFM) despite the fact that many of the direct benefits from effective digitalization of payments are identitical to those traditionally expected from strong PFM systems. The digitalization of payments does not provide a silver bullet for solving PFM problems; therefore it needs to be approached in an integrated way, with leadership from central agencies, including the Ministry of Finance, to exploit the synergies between the many different types of payments facilitated by digital technology.
The COVID-19 pandemic has demonstrated that countries which have disability identification mechanisms and registries already in place have been in a better position to provide fast relief and expand shock responsive support to persons with disabilities and their families.
How countries can create digital information systems for social protection in a way that is inclusive and right-based, leveraging technology without becoming a further barrier to inclusion?
The most valuable innovation is in G2P delivery systems that empower women to choose how to receive their cash.
COVID-19’s disproportionate impact on women must be urgently addressed through the provision of digital financial literacy and access.