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Empowering Sustainable Development: The Future of Digital Payments in Ethiopia

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BETTER THAN CASH ALLIANCE

Empowering Sustnable Development through Responsible Digital Payments

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The Better Than Cash Alliance, headquartered at the United Nations, is a collaborative network consisting of governments, corporations, and international organizations dedicated to facilitating the transition from traditional cash transactions to responsible digital payments. This initiative accelerate progress towards achieving the Sustnable Development Goals SDGs by leveraging digital innovations for greater financial inclusion, efficiency, transparency, privacy, and environmental sustnability.

Our commitment revolves around harnessing technological advancements to promote growth sectors like energy, water, and credit through streamlined digital payment systems. Our vision is to empower every individual's potential, particularly women, by fostering impact, scalability, and long-term sustnability in the global economy.

The UN Principles for Responsible Digital Payments serve as a guiding framework for our efforts:

  1. Swift: Ensuring that transactions are processed promptly without delays or unnecessary complexities.

  2. Safe: Guaranteeing secure payments that protect users' assets from theft, fraud, or misuse.

  3. Transparent: Making information about the payment process clear and accessible to all participants.

  4. Private: Safeguarding user data by adhering to privacy regulations and best practices.

As the world is transitioning rapidly towards digitalization in various sectors, including payments, Ethiopia stands at a crucial juncture. The digital transformation represents an opportunity for growth and development that requires robust and responsible digital payment systems as its backbone.

His Excellency Prime Minister Abiy Ahmed Ali, Ph.D., emphasized:

The rapid digital transformation underway globally is akin to the fourth industrial revolution. Many economies are embracing this shift with enthusiasm and efficiency. We in Ethiopia m to follow suit, understanding that digital payments are not just about transactions; they are essential enablers for transforming industries and driving progress.

We invite you to explore our resources on scaling responsible digital payments, read insightful publications highlighting successful strategies for companies transitioning to digital payments, understand the concept of Digital Payments through our Accelerators for Inclusive Digital Payments series. Stay updated with our latest research findings and insights tlored specifically for the digital landscape.

To join the conversation and contribute to this transformative effort, subscribe to our newsletter for regular updates on news, resources, and innovations related to digital payments.

Contact us directly to get more information or collaborate on initiatives that align with your organization's goals. Let's work together towards building a sustnable future through responsible digital payments.

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