Digital Payments and the Economic Empowerment and Inclusion of Micro and Small Enterprises
Digital Payments to Empower SMBs
In developing nations, MSEs (micro and small enterprises) are a major source of employment and economic growth, and digital payments can have wide-ranging impacts.
A new report from ODI Global and Visa explores how digital finance and payments can promote the economic empowerment and competitiveness of MSEs, and addresses potential challenges in the shift to digital. With findings from 109 national strategies and in-depth case studies of South Africa and Colombia, the study identifies five key recommendations for governments:
1. Clear identification of where and how to expand digital payment access
2. Effective partnerships to create a strong national payments ecosystem
3. Meaningfully consulting and engaging with MSEs
4. Active coordination of institutions and capabilities
5. Careful policy development and communication
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- Data, Analytics and AI
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Australia
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About our partner
Visa
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.For over 60 years, Visa has worked with governments at all levels, helping them to work more efficiently, effectively, and transparently. Working through our partner network of financial institutions worldwide, Visa provides solutions for government including payment acceptance for enhanced public revenue collection, digital disbursement programs to send money quickly and securely to people and businesses, commercial payment solutions for government purchasing and expenses, and data solutions to help governments make more timely and informed decisions.Please visit our Visa Government Solutions:
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