In recent years there has been a significant move towards cashless economies, both by governments and businesses, which presents an opportunity for stimulating economic growth and financial inclusion in both developed and emerging markets. Digital money is shown to be having a profound impact within the global economy, and research by Citi and Imperial College London explores the transformative potential of digital money.
An exciting consultancy opportunity has arisen with CaLP in East Africa to document the actions being taken to build the knowledge, attitude, practices and capacity of the county governments/state actors in Cash Transfer Programming in the arid and semi-arid lands of Kenya.
Amid justified excitement in the sector about the opportunities and efficiencies offered by e-cash solutions, traditional paper vouchers’ reputation as slow-starting and data-poor has been challenged by NRC’s projects in Zaatari and Azraq camps in Jordan. Piloted in September 2014 and with a throughput of $150,000/day just four months later, NRC’s ‘Paper Plus’ system linked barcodes to a cloud database for instant verification. It has also delivered rich live data to support project responses to previously invisible opportunities and challenges in the complex camp environments.