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Digital Dividends: Identity, Payments, and Subsidy Reform
Rapid advances in digital technology, particularly in digital payments and identification systems, can be harnessed to transform the way states implement poverty-reduction programs and to help achieve the SDGs. CGD’s work helps clarify linkages among digital payment systems, identification, and the achievement of the SDGs.
As world leaders gather to kick off the World Economic Forum Annual Meeting in Davos, Switzerland, CGD’s experts weigh in to shed some light on the ongoing debates, with innovative evidence-based solutions to the world’s most urgent challenges, and also discuss what’s not on the agenda but should be.
For the policymaker looking to improve services and the delivery of benefits, or for the financial institution trying to expand its customer base, the gap between technical solutions and the situation of the average technology user represents fertile ground for the many new opportunities that the digital economy provides.
Recent advances in the scope and sophistication of identification systems could have far-reaching consequences for development. While there is no one-size-fits-all approach, there are common features that ID systems should share if they are to support development.