CAF and Better Than Cash Alliance join forces for financial inclusion in Latin America and the Caribbean

April 05, 2024

CAF – development bank of Latin America and the Caribbean – and Better Than Cash Alliance (BTCA) signed a letter of intent to work together to reduce financial inclusion gaps and promote the financial health of vulnerable segments, with a focus in women and migrants. The agreement also seeks to promote responsible digital payments, sustainability and financial education as essential components to achieve inclusive and sustainable economic development.

CAF and Better Than Cash Alliance join forces for financial inclusion

The strategic lines of action will guide efforts to close gaps in financial inclusion, financial health, climate resilience and digitalization of value chains. Additionally, work is being done on an Action Plan following the United Nations Principles for Responsible Digital Payments, which will include, among others, initiatives to advocate for digital identification solutions that ensure the safe and efficient incorporation of vulnerable people to the platforms. digital finance; facilitate the adoption of digital payments and other digital financial products to increase the resilience of climate-vulnerable populations; and collaboration with financial service providers to design digital financial products and services that contribute to reducing financial inclusion gaps.

This new strategic alliance reflects CAF's commitment to continue promoting financial inclusion and maximizing the impact of its interventions, through the exchange of knowledge and application of best practices.



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