Building a National Digital Payment Scheme in Rwanda
The Government of Rwanda’s Vision 2050 sets forth an objective to achieve the
status of an upper middle-income country by 2035 and a high-income country by 2050. Achievement of these goals requires a robust and inclusive financial
sector, including a safe, reliable, and efficient payment system. PSG has
supported the payments industry by bringing key actors together to build
consensus on a Rwanda national digital payment system. Working with the
industry and national payments council, we designed and are implementing the
standards and rules of the scheme, features of the switch, and the priority use
cases to be offered to end-users. The launch of this initiative will enhance the
efficiency of retail payments, improve the customer experience, open-up
payment system access to non-banks, and ultimately create opportunities to
increase adoption and transaction volumes.
Modernizing the Payment Systems of Credit Unions Globally
Credit unions (CU) have an ingrained role as a trusted partner in communities
throughout the globe. Their members worldwide are demanding access to digital payments but are often unable to obtain such services from their CU due to lack of institutional capacity and technology infrastructure. As a result, they are limited to a fragmented array of high-cost and risky payment services in their local markets. PSG is partnering with World Council of Credit Unions (WOCCU) to develop the business case for an open and interoperable payment scheme, including use cases to be tested in a lab environment that will enable the CUs to access and offer digital payments in Indonesia and the Philippines. The ultimate goal of this initiative is to apply learnings from Indonesia and the Philippines globally to reach 238 million CU households worldwide.
Integrating Financial Services into Humanitarian Cash Transfer Programs in Lebanon and Jordan
There are an estimated 65 million refugees and displaced people globally, and
the numbers are increasing every year. Seven years into the Syrian civil war,
Lebanon and Jordan continue to bear significant impact of the refugee crisis in
the Middle East. To identify opportunities to enhance the resilience of crisis-
affected populations, PSG is partnering with the World Bank and CGAP to
assess humanitarian and government cash transfer programs and the national
payment system in both countries. Findings and recommendations aim to strengthen the linkages between cash transfer programs and financial inclusion gobally, as well as to enhance the efficiency and effectiveness of cash delivery.