Fast payments beyond speed: India’s pioneering experience

India’s digital payments journey has reshaped global imagination. At a moment when many countries still viewed fast payments as tools for high-value bank-to-bank settlement, India reimagined them as a universal service built for people and everyday life. That vision fundamentally reshaped understanding how  payments could improve lives.

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eC2: Study on Payment Infrastructure in East Africa

Deadline: 09-Dec-2016 at 11:59:59 PM (Eastern Time – Washington D.C.)

Cross-border payments in East Africa comprise a significant and growing part of regional banknotes_640GDP. Agriculture related cross-border transactions alone surpass 60 million transactions and USD 900 million in the region annually. USAID estimates that 95% these transactions are made through the physical exchange of cash. The total size of the informal payments sector in the region remains unknown. However, the types of solutions available for cross-border transactions are becoming more varied. Person to Person (P2P) remittances through digital financial services already account for USD 1.3 billion per year within East Africa.

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