Achieving broad access to digital financial services is a necessary condition for an equitable digital G2P payments program and can open wider opportunities to beneficiaries.
This report seeks to answer the question: Can G2P payments provide an on-ramp to financial inclusion? It does so by focusing on the confluence of three different movements to improve the economic well-being of low-income individuals and households in developing countries: financial inclusion; digital financial services; and government-to-person payments (G2P payments). Its findings suggest that currently there is little indication that G2P payments do result in increased financial inclusion through...
Digital finance has expanded opportunities for millions of women across the globe, yet there remains much work to do to achieve gender equality in financial services. This report discusses policies for achieving equal financial inclusion, including the role of digital G2P.
This working paper seeks to provide an overview of dominant perspectives, policies and operational and regulatory approaches that are shaping existing initiatives to digitise social protection programmes across the Global South. It focuses on Government–to–person (G2P) transfers and reviews both grey and academic literature and addresses two specific questions: To what extent do the transformations brought about by the digitisation of G2P programmes contribute to facilitating poor and vulnerable people’s...
Evolution, Not Revolution: The New BTCA Report Reflects Continuity and Change in Thinking on Digital Payments Ecosystems
The past few years have witnessed a dramatic increase in the use of digital payments worldwide. The percentage of global transactions conducted in cash fell from 89 percent in 2013 to 77 percent in 2019, and mobile wallets grew in popularity. The demands of social distancing brought on by the COVID-19 pandemic have only reinforced those trends. It has been projected that half of all people will use mobile wallets...
UN Principles for Responsible Digital Payments: Building Trust, Mitigating Risks & Driving Inclusive Economies
This Better Than Cash Alliance report details principles for building responsible digital payment systems. An update to BTCA’s 2016 publication, the report emphasizes the importance of consumer trust driven by reliability, interoperability between services, and conscious efforts to include marginalized communities, particularly women.
The most valuable innovation is in G2P delivery systems that empower women to choose how to receive their cash.