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Nshuti Mbabazi, Managing Director Better Than Cash Alliance, on DPI & Responsible Digital Payments
DPI, encompassing digital payments, identification, and data exchange, can significantly accelerate financial inclusion and economic growth. By enabling secure, scalable, and interoperable systems, DPI reduces costs, enhances security, and expands access to underserved populations.
Our Focus Areas:
1. Bridging the Financial Inclusion Gap: In regions with strong DPI frameworks, the use of digital payments has increased by 22% annually, demonstrating its role in expanding financial services to previously excluded populations.
2. Strengthening Digital Ecosystems: DPI enhances the interoperability of financial systems, enabling seamless transactions across different platforms and reducing transaction costs. This supports the creation of a more inclusive and accessible financial ecosystem.
3. Driving Progress Towards SDGs: By improving access to financial services, healthcare, and economic opportunities, DPI helps fast-track progress towards several Sustainable Development Goals (SDGs), including poverty reduction, gender equality, and economic resilience.
The Better Than Cash Alliance provides government, private sector and development community with the expertise and resources needed to make the transition from cash to electronic payments to achieve the shared goals of empowering people and growing emerging economies.
