Better than Cash Alliance

Better than Cash Alliance

The Challenge

Every year, billions of dollars in cash payments are made by governments, the private sector and development organizations to people in emerging economies, including millions of poor people. Experience indicates that shifting from cash to electronic payments can provide a pathway to a broader range of financial services, is generally safer, especially for women and girls and more efficient for low-income people. Additionally, electronic payments provide cost savings and transparency for governments, development organizations and private sector payers. Bringing about the shift to electronic payments on a global scale and ensuring that these benefits are maximized can be accelerated by an organization dedicated exclusively to providing global advocacy, knowledge sharing, collaboration and guidance on effective practices.

How We Are Helping?

The Better Than Cash Alliance was launched in September 2012 in response to public and private sector demand for more strategic advocacy, research and guidance on digitizing these cash payments. The Better Than Cash Alliance is an alliance of governments, private sector and development organizations committed to accelerating the shift from cash to electronic payments. The Better Than Cash Alliance is funded by the Bill & Melinda Gates Foundation, Citi, Ford Foundation, MasterCard, Omidyar Network, USAID and Visa Inc. The UN Capital Development Fund serves as the secretariat.

Learn what the Better Than Cash Alliance has achieved in its first year, please download the 'A Year Review' brochure

In Detail

Project

Better Than Cash Alliance

Goal To encourage governments, development organizations and the private sector to commit to the digital transition, and facilitates the translation of these commitments into action.
How
  • Advocating for new commitments to transition the distribution of government benefits, humanitarian aid, and payroll and supplier payments by governments, private sector and development organizations — from cash to electronic.
  • Providing the policy, technical and financial assistance needed to identify and implement the most effective approach for local market conditions.
  • Developing cutting-edge research products, good practices and case studies in order to achieve scale globally.
Period 2012 – 2017
Committing members as of today

Governments: Afghanistan, Colombia, (Department of Social Prosperity), Kenya, Malawi, Peru, Philippines

Development Community: UNDP, USAID, World Food Programme, ACDI/VOCA, CARE, Chemonics International, Concern Worldwide, Grameen Foundation, MEDA, Mercy Corps

Partners UNCDF, Bill & Melinda Gates Foundation, Citi, Ford Foundation, MasterCard, Omidyar Network, USAID and Visa Inc.
Total project cost and UNCDF contribution USD 38,274,458
To learn more, visit betterthancash.org and follow @BetterThan_Cash

In Detail

Additional Information

Ruth Goodwin-Groen
Managing Director, Better Than Cash Alliance
ruth.goodwin-groen@uncdf.org

Project

Better Than Cash Alliance

GoalTo encourage governments, development organizations and the private sector to commit to the digital transition, and facilitates the translation of these commitments into action.
How
  • Advocating for new commitments to transition the distribution of government benefits, humanitarian aid, and payroll and supplier payments by governments, private sector and development organizations — from cash to electronic. 
  • Providing the policy, technical and financial assistance needed to identify and implement the most effective approach for local market conditions.
  • Developing cutting-edge research products, good practices and case studies in order to achieve scale globally.
Period2012 – 2017
Target Countries

   

Active InMalawi.
PartnersUNCDF, Bill & Melinda Gates Foundation, Citi, Ford Foundation, MasterCard, Omidyar Network, USAID and Visa Inc.
Seed Funding from DFAT

   

Total project cost and UNCDF contributionUSD 38,274,458
To learn more, visit betterthancash.org and follow @BetterThan_Cash

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