Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Better Than Cash Alliance


Published on

The following presentation was made by Steven Rynecki from USAID/Afghanistan to introduce the Better Than Cash Alliance during the recently held Connected World Forum 2012 in Dubai.

Published in: Business
  • Login to see the comments

  • Be the first to like this

Better Than Cash Alliance

  1. 1. Why Shift to Electronic Payments?• Cost Savings: decrease costs of cash or in-kind payments.• Transparency: increase accountability and tracking, reducing corruption and theft.• Security: typically safer and faster delivery.• Financial Inclusion: can accelerate access to financial services.• New Market Access: open doors for new business models for previously excluded people. 2
  2. 2. How Better than Cash Alliance Accelerates the Shift• Advocacy for shifting government benefits, humanitarian assistance, payroll and supplier payments from cash to electronic payments.• Provision of policy, technical and financial assistance to identify and implement effective approaches for local market conditions.• Development of cutting-edge research products, case studies and good practices to drive the shift to electronic payments globally. 3
  3. 3. Joining the Better than Cash AllianceGovernments, development organizations, and private sectorcompanies must commit to shifting significant volumes of paymentsand to sharing their learning. Those which join are then: 1. Recognized for leadership in the Better than Cash Alliance publications and media. 2. Invited to participate in learning opportunities. 3. Given access to the latest research and case studies. 4. Eligible for technical assistance and/or funding to support the shift, as appropriate. 4
  4. 4. Committing Entities to Date Governments Committed Bi- and Multi-Lateral Development OrganizationsPeru (Department of Development and UNDPSocial Inclusion)Kenya (Ministry of Finance) USAIDPhilippines (Department of Budget and World Food ProgrammeManagement)Colombia (Department of SocialProsperity) Governments Invited Civil Society Organizations/Private SectorAfghanistan (Ministry of Finance) CAREHaiti (Ministry of Finance) Concern WorldwideIndonesia (Ministry of Finance and Mercy CorpsBank of Indonesia)Malawi (Ministry of Finance and Chemonics International 5
  5. 5. Benefits, Barriers, and Strategies to ShiftStakeholder Benefits Barriers StrategiesGovernments • Transparency • Coordination • Understand and monitor payment • Financial • Communicating to citizens patterns before shift management • Changing • Build roadmap for payment system • Security regulation/procedures • Support transition • Clientelism • Coordinate policy messages • Relevant skills • Asses cost of cash • Identify opportunities to innovate and monitor resultsPrivate • Financial • Costs faced for partial • Participate in national forums management automation • Invest in record-keeping systemsSector/ FSPs • Security • Lack of standardized and • Coordinate with other actors inexpensive interfaces • Absence of legal certaintyDevelopment • Transparency • Change costs • Improve donor agency capacity • Security • Improve recipient capacityCommunity/ • Improve processes and formals newFunders ways of working • Develop codes of conduct for data management and sharingIndividuals • Security • Building trust • Building capacity • Privacy • Learning new systems • Speed/timeliness • Ensuring low costs • Cost/convenience 6