Rwanda is now a Better Than Cash member
Rwanda is now one of the Better Than Cash alliance members. This international programme encourages the adoption of electronic means of payment.Rwanda is now one of the Better Than Cash alliance members. This international programme encourages the adoption of electronic means of payment.
This initiative will help the country reach the 80 percent financial inclusion rate it aims to reach by 2020.
Inspired by the World Bank recommendation (by its estimate, electronic payments are the key to everyone having access to finance), the State now pays its employees electronically.
“We have put in place policies that encourage payment digitization and continue to support the private sector, especially financial institutions, to embrace the use of ICT to champion financial inclusion," declared Claver Gatete, Minister of Finance and Economic planning, in a press release.
Better Than Cash is hosted by the United Nations Capital Development Fund
(UNCDF). It supports collaboration between governments, development professionals and the private sector so that they improve access to finance through dematerialised channels.
The alliance is funded by the Bill & Melinda Gates Foundation, Citi, the Ford Foundation, MasterCard, Omidyar Network, the United States Agency for International Development (USAID) and Visa Inc.