Unilever Joins Better Than Cash Alliance's Push For Digital Finance

Unilever announced a collaboration with the UN-based group Better Than Cash Alliance, which promotes digital payment as a means of supporting women and smallholder farmers. Part of Unilever's Sustainable Living Plan, the consumer goods company's deal with the organization signals its commitment to move away from cash as a payment platform for its value chain. According to Better Than Cash Alliance, digital modes of repaying loans have enabled farmers to reduce payment losses and collections costs, as well as “improved transparency and efficiency.”