Rwanda joins Better Than Cash Alliance as part of bid to achieve 80% financial inclusion by 2017

Thursday, October 30, 2014

Rwanda has joined the Better Than Cash Alliance to help accelerate the adoption of electronic payments in the country as part of a commitment to achieve 80% financial inclusion by 2017.

The Better Than Cash Alliance was set up in 2012 by a group of development organisations, foundations and private companies, including Citi and Visa, to lobby for a shift towards electronic payments in the fight against global poverty.

The group argues that moving to e-money has the potential to advance financial inclusion and help people build savings while giving governments, development organisations, and companies a more cost-effective, efficient, transparent, and safer means of disbursing and collecting payments.

Source: FinExtra (link opens in a new window)

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banking, financial inclusion, mobile banking, mobile money