Universal Basic Income (UBI) is a government-guaranteed payment program for people in need. Its intention is to provide enough money to cover basic living expenses and improve recipients' financial security.
Direct Cash Transfers are payments made to eligible groups of people in need, often by governments or NGOs. They can be provided either conditionally or unconditionally. Cash transfers allow recipients to obtain a range of goods and services of their choice directly from local markets and service providers.
Mobile banking is a service provided by a bank, mobile provider or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a phone or tablet. Africa is leading the way in mainstream adoption of mobile banking.
The U.N.’s first sustainability goal calls for an end to poverty in all its forms by 2030. It also aims to ensure social protection for the poor and vulnerable, increase access to basic services, and support those harmed by social, economic, and environmental shocks of any kind.