New report underscores benefits of shifting from cash to digital payments in corporate supply chains.
Drawing on data and interviews with around 40 companies and organizations, the report shows how digitizing supply chain payments is having a profound impact on global businesses, economies and individuals. For example, in Kenya, small Unilever retailers grew sales by 20 percent thanks to accessing digital working capital loans. In Bangladesh, when H&M, Marks & Spencer, Target, Li & Fung, Lindex, Debenhams and Fast Retailing partnered with HERfinance, the number of instances when a woman was unable to save dropped by almost 70 percent.
These companies’ experience underscores why digital payments are a key pillar of a strong business model, and the lessons documented in the report are designed to help other brands know how to get started.
This publication is available on BTCA’s website.