Better Than Cash Alliance
The Better Than Cash Alliance is a global partnership of 75 governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to reduce poverty and drive inclusive growth.
History
The Better Than Cash Alliance was created in September 2012. It was launched by the United Nations Capital Development Fund, the United States Agency for International Development, the Bill & Melinda Gates Foundation, Citigroup, the Ford Foundation, the Omidyar Network, and Visa Inc.. By the time it launched, the program was already being rolled out in Peru, Kenya, Colombia, and the Philippines.A 2017 study conducted by the Better Than Cash Alliance revealed that Alipay and WeChat Pay processed $2.9 trillion in digital payments in China in 2016.
Description
Based at the UN, the Alliance has over 50 members, works closely with other global organizations, and is an implementing partner for the G20 Global Partnership for Financial Inclusion.The Better Than Cash Alliance partners with governments, companies, and international organizations that are the key drivers behind the transition to make digital payments widely available by:
- Advocating for the transition from cash to digital payments in a way that advances financial inclusion and promotes responsible digital finance.
- Conducting Research and sharing the experiences of our members to inform strategies for making the transition.
- Catalyzing the development of inclusive digital payments ecosystems in member countries to reduce costs, increase transparency, advance financial inclusion– particularly for women– and drive inclusive growth.
Members
| Type | Name | Since | Note |
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | 2016 | ||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| Governments | |||
| International Organizations | ACDI/VOCA | ||
| International Organizations | CARE | ||
| International Organizations | Catholic Relief Services | ||
| International Organizations | Chemonics International | ||
| International Organizations | Clinton Development Initiative | ||
| International Organizations | Concern Worldwide | ||
| International Organizations | European Bank for Reconstruction and Development | ||
| International Organizations | Grameen Foundation | ||
| International Organizations | Inter-American Development Bank | ||
| International Organizations | International Rescue Committee | ||
| International Organizations | MEDA | ||
| International Organizations | Mercy Corps | ||
| International Organizations | Save the Children | ||
| International Organizations | International Fund for Agricultural Development | ||
| International Organizations | United Nations Development Programme | ||
| International Organizations | United Nations Population Fund | ||
| International Organizations | Universal Postal Union | ||
| International Organizations | United Nations Secretariat | ||
| International Organizations | Women's World Banking | ||
| International Organizations | World Food Programme | ||
| International Organizations | World Savings Banks Institute | ||
| Companies | Gap inc. | ||
| Companies | Grupo Bimbo | ||
| Companies | H&M | ||
| Companies | Inditex | ||
| Companies | Marks & Spencer | ||
| Companies | Mastercard | 2013 | |
| Companies | The Coca-Cola Company | ||
| Companies | Unilever | ||
| Companies | World Cocoa Foundation |
Governance
- Managing director: Ruth Goodwin-Groen