Digital payments

New United Nations Study Shines Spotlight on Peru’s Progress on Digital Finance

As McKinsey Global Institute reveals a potential $3.7 trillion GDP boost in emerging economies, the report outlines how Peru can continue to advance its digital finance agenda …

Mexico’s route to financial inclusion begins with commitment to reduce the use of cash

One of the largest economies in Latin America keeps growth momentum going by joining the United Nations’ Better Than Cash Alliance to foster a financially inclusive economy…

Uruguay makes great strides toward the universalization of access to financial services

The government joins the United Nations-based alliance of governments, companies and international organizations that works to accelerate the move toward digitization of payments…

Modelo Perú Webinar

The Better Than Cash Alliance recently held a live webinar with key players behind the launch of Peru’s new mobile wallet. “Bim” is the first product of Modelo Perú, which plans to bring dig…

Launched! World’s first interoperable shared mobile payments platform

The Alliance contributed to the strategy, design and launch of Peru’s new mobile payment system, Bim, which plans to bring digital payments to five million Peruvians over the next five years.

Peru’s banks push through a unified digital payment system.

Modelo Perú: A Unique Approach to Financial Inclusion

By Jeffrey Bower, Digital Finance Specialist, Better Than Cash Alliance …

The Better Than Cash Journey: Colombia & Malawi

This is the second in a series of articles written by Maura Hart on the achievements of several Better Than Cash Alliance members. These highlights capture the innovative work by governments, businesses and development organizations to fulfill their commitment to transition from cash to digital payments.

Grupo Bimbo joins the Better Than Cash Alliance to help small businesses in Mexico boost profits

Through Red Qiubo, Grupo Bimbo provides small businesses with the necessary technology to accept digital payments in their operations.

Grupo Bimbo, world’s largest baking company, joins the Better Than Cash Alliance

In becoming a Better than Cash Alliance member, Grupo Bimbo, the world’s largest baking company, announced that it will strengthen its commitment to digitize traditional small shops in Mexico.

Toward a cash-free world with the Global Findex

Development Research Group When the Better Than Cash Alliance (BTCA) was formed almost three years ago, about half of the world’s adult population had some type of bank account. Last week th…

Saving $15.5 million by replacing cash with cards for Colombian coffee farmers

Two case studies from the Better Than Cash Alliance present innovations from Colombia’s digital payments ecosystem

Digitization of payments in Mexico saves billions

The Mexican government is saving an estimated US$ 1.27 billion per year, or 3.3 percent of its total expenditure, on wages, pensions and social transfers. How? By digitizing and centralizing…

Build on progress made in Colombia’s shift to electronic payments, says Better Than Cash study

Building an inclusive financial ecosystem is critical to accelerating the shift away from cash in Colombia and Latin America…

Event: Achieving an Ecosystem Approach to Digital Payments in Colombia

On Tuesday, January 27th, the Better Than Cash Alliance along with the Departamento para la Proseridad and MINHACIENDA hosted an event in Bogota entitled “Achieving an Ecosystem Approach to …

Colombia’s Coffee Growers’ Smart ID Card: Successfully Reaching Rural Communities with Digital Payments

This case study is the first to examine a shift to electronic payments in a large-scale rural business-to- business context.

Digitization Helps Small Merchants Keep Jobs and Profits in Mexico

Guest post by Alicia Rendon Contro, Grupo Bimbo…

Towards a Stronger Digital Financial Ecosystem in Peru

The Better Than Cash Alliance supports a unique initiative of the Peruvian Banker’s Association (ASBANC) that brings together banks and major telecom operators…

Is Cash the Enemy of Financial Inclusion?

The Better Than Cash Alliance, hosted by UNCDF, gathered with colleagues at the Consultative Group to Assist the Poor (CGAP) Council of Governors Annual Meeting last month in Urubamba, Peru….

Shift to Electronic Payments Saves Mexican Government US$1.27 Billion Annually

Study concludes Mexico’s savings and other benefits and provides tangible lessons for other nations…