FAO pledges to scale up direct use of digital financial transfers
In another step towards creating a “digital FAO”, the Food and Agriculture Organization of the United Nations is committing to increasing by 50 percent its delivery of digital financial transfers and vouchers to beneficiaries.
Daily Current Affairs Quiz 2021
Based at the United Nations, the Better than Cash Alliance is a partnership of governments, companies and international organizations that accelerates the transition from cash to responsible digital payments.
The Alliance has 75 members which are committed to digitizing payments.
The Alliance Secretariat works with members on their journey to digitize payments by:
- Providing advisory services based on their priorities.
- Sharing action-oriented research and fostering peer learning on responsible practices.
- Conducting advocacy at national, regional and global level.
It was created in 2012. It was launched by the United Nations Capital Development Fund, the United States Agency for International Development, the Bill & Melinda Gates Foundation, Citigroup, the Ford Foundation, the Omidyar Network, and Visa Inc.