AI-Powered SupTech for Financial Inclusion: How Emerging Market Authorities Can Unlock Its Potential
The Consultative Group to Assist the Poor (CGAP) has published an Insights Brief examining how financial sector authorities (FSAs) in emerging markets and developing economies (EMDEs) can leverage AI-powered supervisory technology (SupTech) to strengthen their supervisory capabilities and advance financial inclusion. The adoption gap is stark: while 85% of FSAs in advanced economies use AI-powered […]
Tap a card, pay by phone, but cash still holds its own
CPMI Brief No. 12 Highlights The use of cashless payments continues to increase globally. Credit transfers are the fastest growing cashless payment method in emerging market and developing economies (EMDEs), while growth in advanced economies (AEs) is mainly driven by card payments. Fast payments are gaining ground and are a key driver behind the growth […]
Beyond Cash: The Digital Payments Revolution in Latin America and the Caribbean
This report explores the rapid and transformative shift from cash-based to digital payment systems across Latin America and the Caribbean. The report documents diverse national experiences, highlighting that there is no one-size-fits-all model for success. Instead, progress hinges on solving key market failures such as lack of interoperability, coordination problems, and barriers to entry while […]