December 2015
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©Better Than Cash Alliance
NEWS

How women can add $12 trillion to global economy

To provide a major boost to the global economy, G20 leaders promised last year to bring over 100 million women into the labor force by 2025. A new report by the World Bank, the Better Than Cash Alliance, the Bill & Melinda Gates Foundation and Women’s World Banking provides insights on how digital financial services can help close the gender gap. The paper was endorsed by leaders at the recent G20 summit in Turkey.

Check out our new report and blog posts on Gallup and the World Bank’s Chief Economist blog.

Featured News

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©Better Than Cash Alliance

NEWS

Payment technology innovations useful for women with low literacy

The “Innovative Digital Payment Mechanisms Supporting Financial Inclusion” stocktaking report, released as part of the G20 leaders’ communiqué, is a tool for policy-makers to find new ways to bring digital payment systems to everyone. It highlights several ways that technology infrastructure, design, and delivery channels can help develop better ways of offering financial services. It also examines technological innovations that enable users with low literacy levels to access financial services, noting that this is an issue that disproportionately affects women.
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©Government of Peru

BLOG POST

Governments at UN Global Goals Summit highlight how financial inclusion empowers women

As the year comes to a close, we'd like to look back at some of the powerful speeches that governments delivered at the UN Global Goals Summit earlier this year. Peru and Indonesia noted the importance of reaching women with digital payment methods in order to achieve full financial inclusion. Additionally, the President of Tanzania, as well as Ministers from around the globe, stressed how digital payments and greater financial inclusion are helping their countries reach key Sustainable Development Goals.
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©Bill & Melinda Gates Foundation

BLOG POST

Uganda farmers, majority women, use mobile technology to make digital payments

Just back from Uganda, Ms. Nicole Kresse of Chemonics International talks about the development of an innovative mobile money initiative. The Zirobwe Agaliawamu Agribusiness Training Association (ZAABTA) in Luweero has developed a mobile app that assists farmers find supplies and labor and then expedites digital payments. ZAABTA is an umbrella association of 142 farmer groups and more than 4,300 farmers, 53 percent of whom are women.
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Resources

 

REPORT

MIT Press Journal
The end of financial marginalization is in sight: Here's the roadmap


According to Kathleen McGowan, who advises USAID’s Global Development Lab on digital finance, and Priya Jaisinghani, Head of Digital Development for USAID’s Global Development Lab, two billion people around the world manage their already precarious financial lives without the help of tools the world’s banked population. This, they write in their paper, can and should be solved by investing in shared infrastructure “so that serving the poor isn’t just possible but profitable.” 
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REPORT

A market-building approach to financial inclusion


Arjuna Costa and Tilman Ehrbeck of Omidyar Network argue in this thought-provoking paper  in the MIT Press Journal that “distribution costs for traditional financial service models are too high,” making people in rural, sparcely populated areas hard to reach. Technology, they note, has the power to overcome physical barriers, but only if government policies are aligned to promote inclusion.
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REPORT

Chilling effect of anti-money-laundering policies for poor countries


The Centre for Global Development (CGD) has released a new report that examines how efforts to combat money laundering and terrorist financing can have a “chilling effect” on other digital financial transactions, such as the ability for migrants to send money home, or the ability of non-profit organizations to provide humanitarian assistance in post-disaster or post-conflict situations.
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More Resources
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In Focus

The UN General Assembly passed a resolution recognizing the importance of financial inclusion for the implementation of the Sustainable Development Goals. 
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The government of Philippines, member of the Better Than Cash Alliance, is working towards a national e-payments system.
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A recent report on multi-stakeholder initiatives highlights work of the Better Than Cash Alliance.
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Peru presents a draft UN resolution on financial inclusion.
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On Twitter

The Guardian Global Development Professionals Network hosted a live Q&A on its website that asked 'The gender gap in financial inclusion is not closing now what?' The discussion included inputs from UNCDF/Better Than Cash Alliance. Highlights were also featured on Twitter.
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President Obama's Global Development Council supports @BetterThan_Cash in call to action on financial inclusion https://goo.gl/xCvoZo #G20
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2 billion people worldwide lack access to formal financial services: why are most of them women? Find out here: http://ow.ly/UD2QD #G20
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Apply now! Study on pathways to an inclusive ‪#digitalpayments 
ecosystem: ‪http://bit.ly/1HLpbjg 
View on Twitter › 

How is social media reshaping global money transfer? Find out here: http://ow.ly/UCtvE
#cash2digital
View on Twitter ›

 

Media Coverage

Better financial inclusion for India's marginalized
Hindustan Times (India) | November 28, 2015

Sierra Leone launches first mobile financial services guidelines
CPI Financial | November 19, 2015
 
Digital payments: Save time, save costs, save lives
Devex | November 5, 2015

View all media coverage ›
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GRAPHIC OF THE MONTH
Access to technology is key to advancing women’s economic participation.
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Happy holidays!
 
The Better Than Cash Alliance team would like to take this opportunity to wish you a happy holiday season. We look forward to sharing our news with you in 2016!
 
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