Increasing women’s economic empowerment is an important motivation for expanding access to digital financial services for women.
Countries worldwide are using social assistance payments as a component of their response to the COVID-19 pandemic. This briefing addresses how donors and their partners can design and implement social assistance payments that are efficient and secure while providing recipients with reliable, convenient, and safe access to their payments.
Many countries have launched unprecedented relief packages to cushion the economic and social impact of the COVID-19 pandemic. Lessons from the COVID-19-related scale-up of social assistance can be harnessed by developing countries to rethink and strengthen the architecture of social protection systems in the future.
New or scaled-up COVID-19 social assistance in the form of cash transfers now reaches nearly 1.1 billion beneficiaries, one in every six people in the world. In a new CGD policy paper, we draw on early evidence from selected countries on the use of digital technology to implement these government-to-people (G2P) social transfer programs.
This Briefing provides guidance to policymakers to work with financial sector regulators and implement COVID-19 social assistance payments that facilitate rapid, remote account opening in compliance with anti-money laundering and counter-financing of terrorism (AML/CFT) rules.