Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers
Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers
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Volume/Issue:
Volume 2020
Issue 198
Publication date: September 2020
ISBN: 9781513557670
$18.00
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Topics covered in this book
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Banks and Banking , Money and Monetary Policy , Demography , WP , government , Novissi G2P , country , firm , government assistance program , money , G2P , mobile money , bank account , electronic money , cash transfer , low income , financial service , central bank , Mobile banking , Currencies , Fiscal accounting and reporting , Sub-Saharan Africa , South Asia , Africa , East Asia , Asia and Pacific , Philippines government , CICO network , State transfer , government ecosystem , government assistance , government cash transfer , total cost of ownership , COVID-19
Summary
During the 2020 pandemic, the majority of countries have provided income support to households at an unprecedented speed and scale. Social distancing measures and the large penetration of mobile phones in emerging markets and developing economies (EMDEs) have encouraged government-to-person (G2P) transfers through mobile platforms. This paper presents a comprehensive framework for sustainable money solutions in support of social assistance. The framework consists of eight building blocks that may help policymakers i) take stock and assess emergency fixes taken to scale up mobile money in a crisis context and ii) develop sustainable long-term solutions for mobile G2P transfers.
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