Type to search

The government saves $1.27 billion a year by using new technology.

For many developing nations, paying social benefits or government worker salaries is a daunting and costly task. Disbursed in cash, and traveling a complex path from the distributor to the individual recipient, these payments are highly inefficient, adding significant costs to already strapped budgets. Lack of transparency in cash transactions can also create the conditions for mishandling of payments, with many documented cases of significant percentages being lost to unauthorized or incorrect payments. Moreover, cash payments often don’t reach recipients in a timely manner, require waiting in long lines, or leave the recipient vulnerable to theft, making the economic situation of many citizens even more tenuous.

To read this post, you must purchase a Latin Trade Business Intelligence Subscription.
Previous Article
Next Article

Next Up

Scroll to top of page
Begin Zoho Tracking Code for Analytics