IDEAS home Printed from https://ideas.repec.org/p/cgd/ppaper/144.html

Public Financial Management and the Digitalization of Payments

Author

Listed:
  • Marco Cangiano

    (Overseas Development Institute)

  • Alan Gelb

    (Center for Global Development)

  • Ruth Goodwin-Groen

    (Better Than Cash Alliance)

Abstract

The ability of digital payments to deliver better outcomes for governments, businesses, and individuals—including driving financial inclusion—has been one of the success stories of the digital age. Payments are central to how governments transfer and receive financial resources; however, the way such payments are made—and how they could be made more effectively—is often not mainstreamed in public financial management (PFM) despite the fact that many of the direct benefits from effective digitalization of payments are identitical to those traditionally expected from strong PFM systems.The digitalization of payments does not provide a silver bullet for solving PFM problems; therefore it needs to be approached in an integrated way, with strong leadership from central agencies, including the Ministry of Finance, to exploit the synergies between the many different types of payments facilitated by digital technology. The paper explores the linkages between the digitalization of payments and PFM, including through four case studies.

Suggested Citation

  • Marco Cangiano & Alan Gelb & Ruth Goodwin-Groen, 2019. "Public Financial Management and the Digitalization of Payments," Policy Papers 144, Center for Global Development.
    • Handle: RePEc:cgd:ppaper:144
    as

    Download full text from publisher

    File URL: https://www.cgdev.org/publication/public-financial-management-and-digitalization-payments?utm_source=repec&utm_medium=referral&utm_campaign=repec
    Download Restriction: no
    File URL: https://www.cgdev.org/sites/default/files/public-financial-management-and-digitalization-payments.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alan Gelb & Caroline Decker, 2012. "Cash at Your Fingertips: Biometric Technology for Transfers in Developing Countries," Review of Policy Research, Policy Studies Organization, vol. 29(1), pages 91-117, January.
    2. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447.
    3. Cem Dener & Joanna Alexandra Watkins & William Leslie Dorotinsky, 2011. "Financial Management Information Systems : 25 Years of World Bank Experience on What Works and What Doesn't," World Bank Publications - Books, The World Bank Group, number 2297.
    4. Ha-Joon Chang, 2006. "Understanding the Relationship between Institutions and Economic Development: Some Key Theoretical Issues," WIDER Working Paper Series DP2006-05, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Brausmann, Alexandra & Bretschger, Lucas, 2018. "Economic development on a finite planet with stochastic soil degradation," European Economic Review, Elsevier, vol. 108(C), pages 1-19.
    2. Johnny Flentø, 2021. "Ending Poverty in All its Forms Everywhere," DERG working paper series 21-13, University of Copenhagen. Department of Economics. Development Economics Research Group (DERG).
    3. Boukraine, Wissem, 2020. "The finance-inequality nexus in the BRICS countries: evidence from an ARDL bound testing approach," MPRA Paper 101976, University Library of Munich, Germany.
    4. Njangang, Henri & Nembot Ndeffo, Luc & Noubissi Domguia, Edmond & Fosto Koyeu, Prevost, 2018. "The long-run and short-run effects of foreign direct investment, foreign aid and remittances on economic growth in African countries," MPRA Paper 89747, University Library of Munich, Germany.
    5. Ehigiamusoe, Kizito Uyi & Lean, Hooi Hooi & Smyth, Russell, 2020. "The moderating role of energy consumption in the carbon emissions-income nexus in middle-income countries," Applied Energy, Elsevier, vol. 261(C).
    6. Théo Benonnier & Katrin Millock & Vis Taraz, 2022. "Long-term migration trends and rising temperatures: the role of irrigation," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 11(3), pages 307-330, July.
    7. Chakraborty, Adrij, 2017. "Colonial Origins and Comparative Development: Institutions Matter," MPRA Paper 86320, University Library of Munich, Germany, revised Feb 2018.
    8. Elert, Niklas & Henrekson, Magnus, 2017. "Entrepreneurship and Institutions: A Bidirectional Relationship," Working Paper Series 1153, Research Institute of Industrial Economics, revised 05 May 2017.
    9. Klagge Britta & Zademach Hans-Martin, 2018. "International capital flows, stock markets, and uneven development: the case of Sub-Saharan Africa and the Sustainable Stock Exchanges Initiative (SSEI)," ZFW – Advances in Economic Geography, De Gruyter, vol. 62(2), pages 92-107, May.
    10. Arif Ullah & Kashif Raza & Muhammad Nadeem & Usman Mehmood & Ephraim Bonah Agyekum & Mohamed F. Elnaggar & Ebenezer Agbozo & Salah Kamel, 2022. "Does Globalization Cause Greenhouse Gas Emissions in Pakistan? A Promise to Enlighten the Value of Environmental Quality," IJERPH, MDPI, vol. 19(14), pages 1-17, July.
    11. Ben-Salha, Ousama & Dachraoui, Hajer & Sebri, Maamar, 2021. "Natural resource rents and economic growth in the top resource-abundant countries: A PMG estimation," Resources Policy, Elsevier, vol. 74(C).
    12. T. S. Jayne & Milu Muyanga & Ayala Wineman & Hosaena Ghebru & Caleb Stevens & Mercedes Stickler & Antony Chapoto & Ward Anseeuw & Divan van der Westhuizen & David Nyange, 2019. "Are medium‐scale farms driving agricultural transformation in sub‐Saharan Africa?," Agricultural Economics, International Association of Agricultural Economists, vol. 50(S1), pages 75-95, November.
    13. Isaac Koomson & Abdallah Abdul-Mumuni & Anthony Abbam, 2021. "Effect of financial inclusion on out-of-pocket health expenditure: empirics from Ghana," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(9), pages 1411-1425, December.
    14. Hai-Anh H. Dang & Trung X. Hoang & Ha Nguyen, 2021. "The Long-Run and Gender-Equalizing Impacts of School Access: Evidence from the First Indochina War," Economic Development and Cultural Change, University of Chicago Press, vol. 70(1), pages 453-484.
    15. Ngozi Adeleye & Chiamaka Eboagu, 2019. "Evaluation of ICT development and economic growth in Africa," Netnomics, Springer, vol. 20(1), pages 31-53, April.
    16. Marzieh Ronaghi & Michael Reed & Sayed Saghaian, 2020. "The impact of economic factors and governance on greenhouse gas emission," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 22(2), pages 153-172, April.
    17. Dreher, Axel & Fuchs, Andreas & Langlotz, Sarah, 2019. "The effects of foreign aid on refugee flows," European Economic Review, Elsevier, vol. 112(C), pages 127-147.
    18. Philippe Adair & Oksana Nezhyvenko, 2020. "Wage Differentials in EU Transition Economies (2009-2016): How Large a Penalty for Females and Informal Employees?," Proceedings of Economics and Finance Conferences 10913129, International Institute of Social and Economic Sciences.
    19. Le, Quan & Wild, Braden & Jackels, Susan, 2017. "The case of Café Ambiental, SPC: A new business model for a Nicaraguan fair trade cooperative," World Development Perspectives, Elsevier, vol. 6(C), pages 35-37.
    20. Tuna, Gulcay & Almahadin, Hamed Ahmad, 2021. "Does interest rate and its volatility affect banking sector development? Empirical evidence from emerging market economies," Research in International Business and Finance, Elsevier, vol. 58(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cgd:ppaper:144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publications Manager (email available below). General contact details of provider: https://edirc.repec.org/data/cgdevus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.