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Papua New Guinea commits to digitizing all government payments


Participants at the 2014 Financial Inclusion Expo organized by the Bank of Papua New Guinea. Photo Credit: Bank of Papua New Guinea

The Government of Papua New Guinea joined the Better Than Cash Alliance and committed to digitizing all government payments, including salaries and social protection payments. Mobile and branchless banking will help to promote financial inclusion for all Papua New Guineans.


Photo credit: UN Sustainable Development Goals

A means to an end: The post-2015 future of financial inclusion

At the United Nations in New York, final negotiations have started on the draft post-2015 Sustainable Development Goals that will guide international priorities in the next decades. Member states have also begun discussions on the Financing for Development commitments that will finance that agenda. In this blog, Beth Porter from the Better Than Cash Alliance reflects on the status of the discussions that will culminate during the United Nations General Assembly in September. She explains why financial inclusion is not a goal in itself but a means to an end – or many ends.

The partially destroyed home of Florida and Realino Go was the pilot beneficiary site for the program. 
Photo credit: S. Fitzgerald / Mercy Corps 
 

Mercy Corps recognized for providing emergency e-transfers to 25,000 survivors of Typhoon Haiyan

The global humanitarian and development organization Mercy Corps, a Better Than Cash Alliance member, won GSMA’s Global Mobile Award for “best use of mobile in emergency/humanitarian situation”. The TabangKO program, implemented with BPI Globe BanKO, the Philippines’ first mobile micro-savings bank, helped to provide financial assistance to 25,889 typhoon-affected households through mobile savings accounts. Read this blog to find out more.

Photo credit: Mobile Money for the Poor

Three solutions for going rural with digital financial services

At a  learning event organized by UNCDF in Uganda, 150 digital financial service providers from 20 countries in Asia and Africa identified solutions to reach low-income people in rural areas. One of the solutions they envisaged was to ensure that clients can find an agent within five kilometres of their residence. You can find some more solutions in this blog.

Photo credit: IFC

Alternative Delivery Channels for FSPs can cost-effectively expand outreach
 

For financial services providers, Alternate Delivery Channels (ADCs) can help improve operational efficiency and cost effectiveness. This handbook by the International Finance Corporation and the MasterCard Foundation gives Financial Service Providers some fundamental direction for ADC projects and equips project teams with the basic tools to successfully navigate the process.

 

Intermedia-Bill & Melinda Gates Foundation research: Over-the-Counter (OTC) use – a gateway to registration?

In countries with emerging mobile money markets, non-registered or over-the-counter (OTC) use of mobile money services is far more common than registered use. OTC can, also be a gateway for registered users as it is common for users to first have unregistered transactions before formalizing an account.  For example, in Bangladesh, 56% of bKash users made a transaction through an agent at the same time or prior to registering for an account. This shows that even in OTC markets, there seems to be a transition to registered use and wallets. Findings from recent research conducted by InterMedia and funded by the Bill and Melinda Gates Foundation are collected as part of the Financial Inclusion Insights (FII) program in Bangladesh, India, Kenya, Nigeria, Pakistan, Tanzania and Uganda. Read a blog based on this research.

 

The Global Landscape of Digital Finance Innovations

CGAP’s new landscape of Digital Finance Innovations catalogs the ways in which technology, especially mobile, can enhance access or use of financial services. The research provides a comprehensive landscape of the latest innovations in digital finance.

UN Secretary General’s Special Advocate for Inclusive Finance for Development H.M. Queen Máxima of Netherlands visits  Myanmar to advance financial inclusion.

Photo credit: UNDP Myanmar

Afghanistan to distribute salary payments to Government employees via mobile payments

India: PM Modi wants RBI to prepare a 20-year road map for financial inclusion

Mobile money challenges cash in Latin America

Looking for digital finance news on Facebook? Like our new page

Join our Yammer community to review our draft toolkits on digital payments & provide feedback

WSBI – CaixaBank Conference on “Innovation in Payments at the Forefront of Retail Banking”, Barcelona, 13- 14 April 2015
 

Launch of the 2014 Global Findex database, Washington D.C., 15 April 2015

World Economic Forum on East Asia 2015, Jakarta, 19-21 April 2015

Post-2015 intergovernmental negotiations, New York, 20 - 24 April 2015

Malawi Digital Payments Ecosystem Launch, hosted by the Ministry of Finance of Malawi, Better Than Cash Alliance and Mobile Money for the Poor of UNCDF, Lilongwe, Malawi, 30 April 2015

Third International Conference on Financing for Development, Addis Ababa, Ethiopia, 13-16 July 2015
 

Follow key moments in development in 2015
 

Apply to the data collection or merchant solution challenges by the Bill & Melinda Gates Foundation to help two billion reach financial security

WSJ invites you to enter The Financial Inclusion Challenge by submitting your video proposal by May 15

Please visit us at www.betterthancash.org

 

 

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