dc.creator | UN.ESCAP |
dc.date.accessioned | 2022-06-15T02:37:23Z |
dc.date.available | 2022-06-15T02:37:23Z |
dc.date.copyright | 2022 |
dc.date.issued | 2022 |
dc.identifier.uri | https://hdl.handle.net/20.500.12870/4557 |
dc.description | This report was commissioned by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), and it was prepared by Douglas Arner, Sijuade Animashaun, Kuzi Charamba, and Yixiao Cai. The report was funded by a joint project implemented by UNCTAD, UNDESA and the UN regional commissions entitled “Global Initiative Towards the post-Covid-19 Resurgence of the MSME Sector.” The project aimed at building capacities of governments, financial institutions, and micro, small and medium-sized enterprises (MSMEs) to facilitate the latter’s recovery from the Covid-19 pandemic. In the context of this project, ESCAP prepared training materials on various areas related to MSME financing. |
dc.description.abstract | This paper aims to examine how digitalisation, particularly digital payments innovations and innovative payment initiatives, such as central bank digital currencies (CBDCs), can play a pivotal role in fostering micro, small and medium enterprise (MSME) access to finance. Around the globe, there is an increasing focus on ways to exploit the potential of emerging digital financial technologies, including digital payments, to accelerate MSME access to finance and achieve the United Nations Sustainable Development Goals (SDGs). This interplay between digital payments innovations, SDGs, and MSME financial inclusion is in line with the Addis Ababa Action Agenda (United Nations, 2015), the Secretary-General’s Strategy for Financing the 2030 Agenda for Sustainable Development (2018 – 2021) (United Nations, 2018), and the report of the Task Force on Digital Financing of the Sustainable Development Goals (SDGs) entitled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future” (UN Secretary-General's Task Force on Digital Financing of the Sustainable Development Goals, 2020). Yet, achieving these envisaged benefits will require thoughtful consideration and management of various systemic risks and impacts across jurisdictions and governance levels. |
dc.format.extent | 37 p. |
dc.format.mimetype | application/pdf |
dc.language.iso | eng |
dc.publisher | United Nations |
dc.relation.ispartofseries | MSME Financing Series |
dc.rights | This publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source. |
dc.rights | Use may not be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York. |
dc.subject | Digital payments |
dc.subject | Digital currency |
dc.subject | Digital finance |
dc.subject | Digital identity |
dc.title | MSME access to finance : the role of digital payments |
dc.type | Text |
dc.rights.holder | United Nations |
dc.subject.unbist | ELECTRONIC FUNDS TRANSFER |
dc.subject.unbist | CENTRAL BANKS |
dc.subject.unbist | COMPUTER SECURITY |
dc.subject.unbist | CONSUMER PROTECTION |
dc.subject.unbist | DATA PROTECTION |
dc.subject.unbist | DIGITAL TECHNOLOGY |
dc.subject.unbist | SUSTAINABLE DEVELOPMENT |
dc.subject.unbist | SMALL AND MEDIUM ENTERPRISES |
dc.subject.unbist | FINANCING |
escap.publisherPlace | Bangkok |
escap.doctype | Report |
escap.programmeOfWork | Macroeconomic Policy and Financing for Development |
escap.areasOfWork | Financing Strategies For Sustainable Development |
escap.unSDG | 1. No Poverty |
escap.unSDG | 5. Gender Equality |
escap.unSDG | 8. Decent Work and Economic Growth |
escap.unSDG | 10. Reduced Inequalities |
escap.unSDG | 16. Peace, Justice and Strong Institutions |
escap.bibLevel | Monograph |
escap.link.internalLink | https://www.unescap.org/kp/2022/msme-financing-series-role-digital-payments |
escap.projectName | Global Initiative Towards the post-Covid-19 Resurgence of the MSME Sector |
escap.contactPhone | +66 2 288-1234 |
escap.contactEmail | [email protected] |
escap.contactUnit | Macroeconomic Policy and Financing for Development Division |
escap.ispartofseriesno | MSME Financing Series ; No. 7 |
dc.date.escap | 2022-06-14 |
dc.relation.ispartofseriesno | No. 7 |