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Unlocking the Potential of Digital Payments for Social Protection in Barbados

https://docs.wfp.org/api/documents/WFP-0000168095/download/

This report analyses the digital financial landscape in Barbados and makes recommendations to use digital payments for social protection, with a focus on increasing financial inclusion for vulnerable populations. The research aims to provide the Government of Barbados with an overview of the state of digital payments and their use in delivering regular social assistance. It is designed to capture the experiences and perceptions of beneficiaries regarding digital payment modalities, enhance understanding of demand- and supply-side dynamics within the ecosystem, and identify opportunities and challenges. The findings will inform the design of new social assistance programmes and facilitate the rapid expansion of existing ones.