Better Than Cash Alliance

Last updated
Better Than Cash Alliance
FormationSeptember 2012
TypeGlobal partnership
PurposeAccelerate the transition from cash to responsible digital payments
HeadquartersNew York, US
Membership
80 members
Managing Director
Dr. Ruth Goodwin-Groen
Website www.betterthancash.org

The Better Than Cash Alliance is a global partnership of 80 governments, companies, and International Organizations that accelerates the transition from cash to responsible digital payments to help achieve the Sustainable Development Goals (SDGs). [1]

Contents

History, description and work

The Better Than Cash Alliance was created in September 2012. Its founding members were the governments of Colombia, Kenya, Peru, and the Philippines, as well as CARE, Concern Worldwide, Mercy Corps, United Nations Development Programme (UNDP) and World Food Programme (WFP). [2] [3] The United Nations Capital Development Fund serves as the secretariat.

Based at the UN, the Alliance now has 80 members and is an implementing partner for the G20’s Global Partnership for Financial Inclusion (GPFI). The Alliance’s secretariat works closely with member governments, companies and other global organizations. According to its website its members are committed to digitizing payments in order to boost efficiency, transparency, women’s economic participation and financial inclusion, helping build economies that are digital and inclusive. Its website also states that "Members do not want to abolish physical cash, but rather want to provide responsible digital payment options that are 'better than cash'". [4] [5]

The Alliance Secretariat works with members on their journey to digitize payments by: [6]

The Bill & Melinda Gates Foundation, Citigroup, the Ford Foundation, the Omidyar Network, the United Nations Capital Development Fund, the United States Agency for International Development (USAID),  and Visa Inc. were founding funders of the Alliance. [7] [8] Further current funders include the German Federal Ministry for Economic Cooperation and Development (BMZ), the Mastercard Foundation, the Swedish International Development Cooperation Agency (Sida), and the Swiss State Secretariat for Economic Affairs (SECO). [9]

Members

Members [10]
TypeNameSinceNote
Governments [11] Flag of the Taliban.svg  Afghanistan
Flag of Bangladesh.svg  Bangladesh
Flag of Benin.svg  Benin
Flag of Colombia.svg  Colombia
Flag of Cote d'Ivoire.svg  Côte d'Ivoire
Flag of the Dominican Republic.svg  Dominican Republic
Flag of Equatorial Guinea.svg  Equatorial Guinea
Flag of Ethiopia.svg  Ethiopia
Flag of Ghana.svg  Ghana
Flag of Fiji.svg  Fiji
Flag of Jordan.svg  Jordan
Flag of Kenya.svg  Kenya
Flag of India.svg  India
Flag of Indonesia.svg  Indonesia
Flag of Liberia.svg  Liberia
Flag of Malawi.svg  Malawi
Flag of Mexico.svg  Mexico 2016 [12]
Flag of Moldova.svg  Moldova
Flag of Nepal.svg    Nepal
Flag of Pakistan.svg  Pakistan
Flag of Papua New Guinea.svg  Papua New Guinea
Flag of Paraguay.svg  Paraguay
Flag of Peru.svg  Peru
Flag of the Philippines.svg  Philippines
Flag of Rwanda.svg  Rwanda
Flag of Senegal.svg  Senegal
Flag of Sierra Leone.svg  Sierra Leone
Flag of the Solomon Islands.svg  Solomon Islands
Flag of Sudan.svg  Sudan
Flag of Uganda.svg  Uganda
Flag of Uruguay.svg  Uruguay
Flag of Vietnam.svg  Vietnam
International Organizations [13] ACDI/VOCA
Arab Monetary Fund (AMF)
CARE
Catholic Relief Services
Chemonics International
Clinton Development Initiative
Concern Worldwide
European Bank for Reconstruction and Development
Food and Agriculture Organization (FAO)
Grameen Foundation
Inter-American Development Bank
International Fund for Agricultural Development (IFAD)
International Labour Organization (ILO)
International Rescue Committee
International Telecommunication Union (ITU)
MEDA
Mercy Corps
Save the Children
Self-Employed Women's Association (SEWA)
The Global Fund
United Nations Children’s Emergency Fund (UNICEF)
United Nations Development Programme (UNDP)
United Nations Educational, Scientific and Cultural Organization (UNESCO)
United Nations High Commissioner for Refugees (UNHCR)
United Nations Population Fund (UNFPA)
United Nations Secretariat
Universal Postal Union
UN Women
Women's World Banking
World Food Programme
World Savings Banks Institute
Companies [14] Ethical Tea Partnership (ETP)
Gap Inc.
Grupo Bimbo
H&M
Inditex
Marks & Spencer
PVH
The Coca-Cola Company
Target
Unilever
World Cocoa Foundation

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References

  1. "Better Than Cash Alliance". Better Than Cash Alliance. Retrieved 2021-05-28.
  2. "Better Than Cash Alliance: Empowering People One Transaction at a Time". www.gatesfoundation.org. Retrieved 2021-05-28.
  3. "Ruth Goodwin-Groen Named as Managing DirectorRuth Goodwin-Groen Named as Managing Director". Better Than Cash Alliance. Retrieved 2021-05-28.
  4. "Better Than Cash Alliance". Better Than Cash Alliance. Retrieved 2021-05-28.
  5. "Implementing Partners | GPFI". www.gpfi.org. Retrieved 2021-05-28.
  6. "Better Than Cash Alliance". Better Than Cash Alliance. Retrieved 2021-05-28.
  7. "Digital initiative aimed at helping world's poor". phys.org. Retrieved 2021-05-28.
  8. "Better Than Cash Alliance". www.usaid.gov. 2012-09-25. Archived from the original on 2021-05-25. Retrieved 2021-05-28.
  9. "Resource Partners". Better Than Cash Alliance. Retrieved 2021-05-28.
  10. "Our Alliance". Better Than Cash Alliance. Retrieved 2021-05-28.
  11. "Members:governments". Betterthancash.org. Archived from the original on 5 August 2020. Retrieved 25 September 2019.
  12. "Mexico joins Better Than Cash Alliance". Finextra.com. 24 June 2016. Retrieved 25 September 2019.
  13. "Members:international organizations". Betterthancash.org. Archived from the original on 5 August 2020. Retrieved 25 September 2019.
  14. "Members:companies". Betterthancash.org. Archived from the original on 18 June 2020. Retrieved 25 September 2019.