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MSME access to finance : the role of digital payments

dc.creatorUN.ESCAP
dc.date.accessioned2022-06-15T02:37:23Z
dc.date.available2022-06-15T02:37:23Z
dc.date.copyright2022
dc.date.issued2022
dc.identifier.urihttps://hdl.handle.net/20.500.12870/4557
dc.descriptionThis 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.abstractThis 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.extent37 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUnited Nations
dc.relation.ispartofseriesMSME Financing Series
dc.rightsThis 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.rightsUse 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.subjectDigital payments
dc.subjectDigital currency
dc.subjectDigital finance
dc.subjectDigital identity
dc.titleMSME access to finance : the role of digital payments
dc.typeText
dc.rights.holderUnited Nations
dc.subject.unbistELECTRONIC FUNDS TRANSFER
dc.subject.unbistCENTRAL BANKS
dc.subject.unbistCOMPUTER SECURITY
dc.subject.unbistCONSUMER PROTECTION
dc.subject.unbistDATA PROTECTION
dc.subject.unbistDIGITAL TECHNOLOGY
dc.subject.unbistSUSTAINABLE DEVELOPMENT
dc.subject.unbistSMALL AND MEDIUM ENTERPRISES
dc.subject.unbistFINANCING
escap.publisherPlaceBangkok
escap.doctypeReport
escap.programmeOfWorkMacroeconomic Policy and Financing for Development
escap.areasOfWorkFinancing Strategies For Sustainable Development
escap.unSDG1. No Poverty
escap.unSDG5. Gender Equality
escap.unSDG8. Decent Work and Economic Growth
escap.unSDG10. Reduced Inequalities
escap.unSDG16. Peace, Justice and Strong Institutions
escap.bibLevelMonograph
escap.link.internalLinkhttps://www.unescap.org/kp/2022/msme-financing-series-role-digital-payments
escap.projectNameGlobal Initiative Towards the post-Covid-19 Resurgence of the MSME Sector
escap.contactPhone+66 2 288-1234
escap.contactEmail[email protected]
escap.contactUnitMacroeconomic Policy and Financing for Development Division
escap.ispartofseriesnoMSME Financing Series ; No. 7
dc.date.escap2022-06-14
dc.relation.ispartofseriesnoNo. 7


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