H&M group joins the United Nation's Better Than Cash Alliance

Today, many factory workers in the textile supply chain are paid entirely in cash. This means unsafe, time consuming and inefficient procedures for both employees and employers. Even though the people working in our supply chain are not our own employees, we take responsibility on how our products are made and this partnership with the United Nations has great potential to improve the livelihoods of the workers.  
By joining the Better Than Cash Alliance, the H&M group will encourage its suppliers to pay their workers through digital channels, such as bank accounts, cards or mobile money. Shifting to digital payments at our suppliers' factories will mean offering a faster, safer and more transparent way to receive their salary. It will also increase financial inclusion and will support women's economic independence by better control of their own income. From the suppliers' perspective, it will enhance transparency and provide more accurate data on their wage management systems.

"H&M group is taking a bold step in recognizing how cash-heavy supply chains limit efforts to empower workers and prevent companies from increasing transparency. And it's inefficient. H&M group's leadership will help inspire other companies in the industry, and beyond, to make the shift to digital payments and contribute to inclusive growth, as well as to the Sustainable Development Goals, in emerging markets."

                                                                                      (News article collect from H&M News room)