G2P: Expanding Financial Inclusion in the Pacific Report
The G2P report focuses on the implementation of G2P projects as a mechanism to enhance financial inclusion, as well as a way to provide cost and efficiency savings both to government and to social welfare recipients. It uses the case of Fiji’s own recent transfer of recipients to a savings-linked electronic payment system.
Goal: Its goal is to help government agencies, central banks, donors and private sector service partners (including MFIs, banks, mobile network operators and other payment service providers) to better understand the key steps, challenges and lessons learned from G2P projects, and to take advantage of similar opportunities in their own countries.
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Digitizing social welfare payments can be a win-win for all stakeholders involved when done right; the recipients of welfare receive their payments in a more convenient and cost-effective way, the government can streamline services to make them more efficient and reduce illegitimate payment, and the service provider gains more customers. It was this thinking that...
This ‘At a Glance’ focuses on the first successful G2P deployment in the Pacific region. In 2011 Fiji’s Department of Social Welfare (DSW) launched the transfer of approximately 22,000 welfare recipients to a savings-linked electronic payment system. The transition was the first large scale transfer of G2P welfare payments of its kind in the Pacific.
This research paper was undertaken to investigate the feasibility of migrating social welfare benefits to electronic channels. The findings were that there were no major constraints to the migration of beneficiaries from the receipt of the benefit by paper based voucher encashment to receipt of the benefit by payment to a bank account. As a result...