Better Than Cash Alliance
Of the 2.6 billion people who live on less than $2 per day, an estimated 90 percent lack access to formal financial services. As a result, most poor households operate almost entirely in the informal and cash economy, making it difficult for them to access financial services that create an ability to save for the future, build assets and move out of poverty.
On Monday, September 24, Administrator Shah will co-host the launch event for the Better than Cash Alliance, a global public-private partnership dedicated to supporting organizations’ transition away from cash to electronic payments. USAID convened the founders of the Alliance, which include The Bill & Melinda Gates Foundation, Citi, Ford Foundation, Omidyar Network, U.N. Capital Development Fund (UNCDF) and Visa Inc. The Alliance will call on governments, the development community and the private sector to adopt the use of electronic payments for programs that support people living in poverty and provide resources to those who commit to make the transition.
Joining Administrator Shah at the event will be UNDP Administrator Helen Clark, Ford Foundation President Luis Ubiñas, the UN Secretary General’s Special Advocate for Inclusive Finance for Development Princess Máxima of the Netherlands and other special guests.
#epayments from:USAID
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USAID
What are #epayments? Join us tomorrow at 2pm EST for #fallsemester video webchat. Tweet your ?s w #fallsemester & watch t.co/yS3Hgmz3
17 hours 53 min ago.
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USAID
Brazil's largest social transfer program realized a 12% drop in administrative costs when switching to card based payments #epayments
18 hours 13 min ago.
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USAID
What are #epayments? This Friday at 2 pm EST USAID is hosting office hours for #fallsemester. Tweet us your ?'s & watch t.co/54qF2xjl
23 hours 39 min ago.
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