Mobile Money Recommendations to Central Banks in Response to COVID-19

The COVID-19 pandemic has brought about unprecedented challenges for the global economy. It has affected global health systems, affected peoples’ livelihoods and will, invariably, leave long lasting economic effects. Many countries have adopted partial or total ‘lock downs’, restricting movement in a bid to “flatten the curve” and to limit the spread of the virus. Many governments have responded with fiscal and monetary stimulus measures to counteract the disruption caused by COVID-19. This guide from GSMA outlines recommendations for Central Banks and documents measures taken by countries. At these unprecedented times, solidarity between the mobile money providers and regulators is paramount.