Finance Ministers of the economies of Asia-Pacific Economic Cooperation (APEC) endorsed the new Better Than Cash Alliance report on the role of digital payments in sustainable agriculture on October 21, in Vietnam.

The report examines how shifting to digital payments can provide powerful solutions to help countries improve agricultural productivity and ensure food security, bringing higher incomes and greater financial inclusion.

The paper aims to help economies begin and accelerate their shift to digitize payments in their agriculture sectors. By providing data and recommendations, the paper is designed to assist countries in fulfilling their commitments towards Sustainable Development Goal #2: “End hunger, achieve food security and improved nutrition and promote sustainable agriculture” through digital payments.