Updated Oct 14, 2020CLOSED
Offered by UN Capital Development Fund
As a next step for the existing pilot, the project aims to build a production grade Mojaloop integration platform aimed to provide real-time affordable digital financial services (DFS) for the people living at the bottom of the pyramid in Myanmar. This will be done through expanding the range of digital financial services that MFIs can offer to their current and future clients (mostly low-income women and the rural population). The current project is attempting to respond to the ongoing COVID-19 health and economic crisis by enabling different types of digital payments for low-income people, leveraging the MFIs, starting with electronic cash transfer (e-CTs) initiatives.
This project will support MFIs based in Myanmar to integrate with the country’s National Payment System. The scope of project and its impact to beneficiaries is nation-wide.UNCDF will provide a grant to the most suitable organization to support the implementation of a real-time payment platform for MFIs and other types of digital financial services providers (DFSPs) in order to enable payments.
|Focus Areas||Digital Finance|
Country of operation
Solutions to be supported
The primary segment of the project are low-income women, beneficiaries or potential beneficiaries of electronic cash transfers through the governmental national Maternal-Child Cash Transfer programme, and COVID-19 response.
The secondary segment are current and future clients of MFIs, predominantly low-income, and rural.
|Financial Statements||Selected applicants will be expected to fund at least twenty percent (20%) of the total project cost in-kind or cash contribution. Applicants may apply independently or in a consortium provided that the consortium has a pre-established partnership prior to when this request for applications was issued.||REQUIRED|