Yet to see significant, robust, causative evidence that links the digitization of financial activities to reduced hunger, higher incomes, greater resilience, or reduced poverty for smallholder farmers a coalition of governments, donors, NGOs, and the private sector need to work together to build the ecosystem.
The digitization of payments and financial transactions in the agriculture sector is increasing rapidly.
Yet governments play a key role in promoting the adoption of digital financial services
Efforts are currently underway in many countries to digitize payments along the agricultural value chain. This is due to both the growing evidence that access to a digital account increases household resilience and the potential for mobile money to increase farmers’ access to financing (think loans for inputs) and markets (think connections to more buyers and the ability to lock in better prices).