Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy

This report aims to present the rationale for digitization of agribusiness payments in Sub-Saharan Africa (SSA), assess the current status of digitization using demand and supply-side data, and identify key actions that can help accelerate digitiza...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	POVERTY AND EQUITY AGRIBUSINESS DIGITAL TECHNOLOGY MOBILE MONEY FINANCIAL INCLUSION GLOBAL FINDEX SURVEY AGRIBUSINESS PAYMENTS SURVEY FORMAL FINANCIAL INSTITUTIONS FARMER
Online Access:	http://documents.worldbank.org/curated/en/915271601013162558/Digitization-of-Agribusiness-Payments-in-Africa-Building-a-Ramp-for-Farmers-Financial-Inclusion-and-Participation-in-a-Digital-Economy http://hdl.handle.net/10986/34530

id	okr-10986-34530
recordtype	oai_dc
spelling	okr-10986-345302021-09-10T08:38:10Z Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy World Bank Group POVERTY AND EQUITY AGRIBUSINESS DIGITAL TECHNOLOGY MOBILE MONEY FINANCIAL INCLUSION GLOBAL FINDEX SURVEY AGRIBUSINESS PAYMENTS SURVEY FORMAL FINANCIAL INSTITUTIONS FARMER This report aims to present the rationale for digitization of agribusiness payments in Sub-Saharan Africa (SSA), assess the current status of digitization using demand and supply-side data, and identify key actions that can help accelerate digitization. The report draws on an analysis of financial-inclusion data from the Global Findex database, a survey administered to select agribusinesses active in SSA (henceforth referred to as the Africa Agribusiness Payments Survey, or AAPS), and case studies of select agribusinesses that responded to this survey. The Findex data analysis leverages questions in the survey that identify whether the respondent had received payment against the sale of an agricultural good; how the payment was received, in cash or through a digital means, defined to include an account at a bank or non-bank financial institution, mobile money account, or a card, and, if an account holder, whether the account was opened to receive an agricultural payment. The AAPS was administered to purposefully selected agribusinesses active in SSA, with either a regional or national scope. Some firms were added to the survey since they were known to have an active digitization program, but this was not a requirement for inclusion in the survey. 2020-09-29T14:19:12Z 2020-09-29T14:19:12Z 2020-09-24 Report http://documents.worldbank.org/curated/en/915271601013162558/Digitization-of-Agribusiness-Payments-in-Africa-Building-a-Ramp-for-Farmers-Financial-Inclusion-and-Participation-in-a-Digital-Economy http://hdl.handle.net/10986/34530 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study Africa Sub-Saharan Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	POVERTY AND EQUITY AGRIBUSINESS DIGITAL TECHNOLOGY MOBILE MONEY FINANCIAL INCLUSION GLOBAL FINDEX SURVEY AGRIBUSINESS PAYMENTS SURVEY FORMAL FINANCIAL INSTITUTIONS FARMER
spellingShingle	POVERTY AND EQUITY AGRIBUSINESS DIGITAL TECHNOLOGY MOBILE MONEY FINANCIAL INCLUSION GLOBAL FINDEX SURVEY AGRIBUSINESS PAYMENTS SURVEY FORMAL FINANCIAL INSTITUTIONS FARMER World Bank Group Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy
geographic_facet	Africa Sub-Saharan Africa
description	This report aims to present the rationale for digitization of agribusiness payments in Sub-Saharan Africa (SSA), assess the current status of digitization using demand and supply-side data, and identify key actions that can help accelerate digitization. The report draws on an analysis of financial-inclusion data from the Global Findex database, a survey administered to select agribusinesses active in SSA (henceforth referred to as the Africa Agribusiness Payments Survey, or AAPS), and case studies of select agribusinesses that responded to this survey. The Findex data analysis leverages questions in the survey that identify whether the respondent had received payment against the sale of an agricultural good; how the payment was received, in cash or through a digital means, defined to include an account at a bank or non-bank financial institution, mobile money account, or a card, and, if an account holder, whether the account was opened to receive an agricultural payment. The AAPS was administered to purposefully selected agribusinesses active in SSA, with either a regional or national scope. Some firms were added to the survey since they were known to have an active digitization program, but this was not a requirement for inclusion in the survey.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy
title_short	Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy
title_full	Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy
title_fullStr	Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy
title_full_unstemmed	Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy
title_sort	digitization of agribusiness payments in africa : building a ramp for farmers’ financial inclusion and participation in a digital economy
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/915271601013162558/Digitization-of-Agribusiness-Payments-in-Africa-Building-a-Ramp-for-Farmers-Financial-Inclusion-and-Participation-in-a-Digital-Economy http://hdl.handle.net/10986/34530
_version_	1764481108007714816

Digitization of Agribusiness Payments in Africa : Building a Ramp for Farmers’ Financial Inclusion and Participation in a Digital Economy

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