This slide deck describes how digital financial services can contribute to international development across several sectors like energy, water, education and health.
- Digital payments foster efficiency. They can create leaner businesses by decreasing cash handling costs and enabling instant payments, they help customers save time by avoiding long queues and make payments from the comfort of their homes, and they can use payment data to support proactive cash flow management.
- Digital transaction footprints create data that can be analyzed to develop new and improved services for various customer segments, such as alternative credit scoring, bundled credit, targeted subsidies etc.
- An auditable digital record of transactions also increases trust and transparency, especially for investors, helping organizations raise and manage funds efficiently.
- Finally, digital finance enables new business models like Pay-as-you-go (PAYGo), which expand access to essential services like lighting, water and cooking fuel, for low income households.
Digital financial services have enormous potential to achieve universal access to safe water and sanitation. This presentation is part of a series that synthesizes what we have learned and our insights into the power and challenges of digital finance.
Education is a powerful tool to combat poverty. This slidedeck describes how digital finance can remove systemic barriers to high-quality global education in at least three ways.