New Study Identifies How Much Mexican Government Saves Annually After Shift to Electronic Payments

UNCDF's picture
Printer-friendly versionPrinter-friendly versionPDF versionPDF version
Study concludes Mexico’s savings and other benefits and provides tangible lessons for other nations

Thanks to a concerted and well-planned shift to electronic distribution of many government payrolls, pensions and social benefits, the government of Mexico is saving a significant amount of funds. A study being released on December 3 by The Better Than Cash Alliance will identify how many billions are estimated to be saved each year, as well as provide key lessons for other governments that are undergoing similar efforts around the world. The formal announcement will be preceded by an online discussion about the case study with the researchers and a government representative.

While the benefits of electronic payments have been known for some time, emerging markets have found it challenging to lead a transition within their economies. The Better Than Cash Alliance was launched in September 2012 in response to public and private sector demand for more strategic advocacy, coordination and guidance on how to transition these into electronic payments. The Alliance is funded by the Bill & Melinda Gates Foundation, Citi, Ford Foundation, MasterCard, Omidyar Network, USAID and Visa Inc. The UN Capital Development Fund serves as the secretariat.

WHAT: Release of first-ever data on the outcomes of the government of Mexico’s shift away from cash

WHO: Virtual briefing hosted by the Better Than Cash Alliance, speakers include:

  • Dr. Ruth Goodwin-Groen, Managing Director of the Better Than Cash Alliance (Moderator)
  • Lic. Irene Espinosa Cantellano, National Treasurer, United States of Mexico
  • Dr. Guillermo Babatz, Partner of Atik Capital and Lead Author of the Mexico Case Study
  • Dr. David Porteous, Founder and Director of Bankable Frontier Associates

News Source : New Study Identifies How Much Mexican Government Saves Annually After Shift to Electronic Payments

Copy this html code to your website/blog to embed this press release.