The Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to help achieve the Sustainable Development Goals.
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On 19 August 2015, the Reserve Bank of India approved licenses for eleven institutions to set up payment banks. The purpose was to have these banks further financial inclusion by providing small savings accounts and payment / remittance services to, “migrant labour workforce, low income households, small businesses, other unorganised sector entities and other users.”
Government of India joins the United Nations’ Better Than Cash Alliance to share success stories from the world’s largest financial inclusion programme…