Mobile payments help people during the pandemic
June 22th, 2020 – The practical challenge of quickly getting financial support in the hands of people who lost jobs amid the COVID-19 economic crisis has baffled advanced and developing economies alike. Economic lockdowns, physical distancing measures, patchy social protection systems and, especially for low-income countries, the high level of informality, complicate the task. Many governments are leveraging mobile technology to help their citizens.
Togo, a small West African nation of 8 million, was able to quickly distribute emergency financial support to half a million people in less than two weeks using mobile phones. The technology helped deliver benefits to women in particular, and it supported a transparent rollout of the program. Informal workers in Morocco are also receiving government help through their phones quickly and efficiently.
More…https://content.govdelivery.com/accounts/USIMF/bulletins/291fe0f
Written by IMF Blog
Photo: FastWeb
Related Post
Digital Entrepreneurship in Africa
Africa’s progress in entrepreneurship, digital innovation, and its young population lays a solid foundation for achieving the United N...
Women, Business and the Law 2024:...
Women, Business and the Law 2024 This year’s report, the 10th in the series, finds that women worldwide continue to have fewer legal r...
European Commission launched AI innovation package...
On 24 January, the Commission has launched a package of measures to support European startups and SMEs in the development of trustworthy Art...
