trending Market Intelligence /marketintelligence/en/news-insights/trending/tvggjq6afl2uzq91ei9zeq2 content esgSubNav
In This List

Gap pushes for digital payments to factory workers

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Gap pushes for digital payments to factory workers

Gap Inc. said March 14 that it is encouraging its supplier factories to start paying workers through digital methods by 2020.

The apparel chain set the goal for its tier 1 suppliers, which comprises about 800 factories across 30 countries.

Gap said that more than 60% of its supplier factories are already providing digital payments, but it is seeking wider use of methods such as online transfers to bank accounts and mobile wallets to replace cash-based pay systems.

The retailer also joined the Better Than Cash Alliance, a program under the U.N. Capital Development Fund. The alliance brings together governments, companies and organizations to support the global transition to digital payments.