Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers
IMF Working Papers, September 25, 2020
Source details
- Canonical URL
- Beyond the COVID-19 Crisis: A Framework for Sustainable Government-To-Person Mobile Money Transfers
Other formats
Bibliographic details
- Authors: Delphine Prady, Hervé Tourpe, Sonja Davidovic, Soheib Nunhuck
- Published: September 25, 2020
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513557670.001
Summary
- During the 2020 pandemic, the majority of countries provided income support to households at an unprecedented speed and scale.
- Social distancing measures and the large penetration of mobile phones in emerging markets and developing economies (EMDEs) encouraged government-to-person (G2P) transfers through mobile platforms.
- The paper presents a comprehensive framework for sustainable money solutions in support of social assistance.
- The framework consists of eight building blocks that may help policymakers:
- take stock and assess emergency fixes taken to scale up mobile money in a crisis context; and
- develop sustainable long-term solutions for mobile G2P transfers.
Principal focus and themes
- Subject areas:
- Banking, COVID-19, Currencies, Fiscal accounting and reporting, Health, Mobile banking, Money, Population and demographics, Public financial management (PFM), Technology
- Keywords:
- Africa, Asia and Pacific, bank account, cash transfer, central bank, CICO network, country, COVID-19, Currencies, East Asia, electronic money, financial service, firm, Fiscal accounting and reporting, G2P, government, government assistance, government assistance program, government cash transfer, government ecosystem, low income, Mobile banking, mobile money, money, Novissi G2P, Philippines government, South Asia, State transfer, Sub-Saharan Africa, total cost of ownership, WP
Key messages for policymakers (as presented)
- Mobile G2P transfers were scaled rapidly during the 2020 crisis due to social distancing and mobile phone penetration in EMDEs.
- A structured framework of eight building blocks provides a tool for:
- assessing emergency measures implemented during the crisis; and
- designing sustainable, long-term mobile G2P systems to support social assistance.
IMF Working Paper No. 2020/198, Delphine Prady, Hervé Tourpe, Sonja Davidovic, and Soheib Nunhuck, September 25, 2020.
Content in this bundle
- Working Paper