UNCDF seeks to work with a registered entity in Samoa that can develop a scalable agent and merchant network to facilitate cash in, cash out and a merchant network to facilitate payments for the cash rich use cases. The proposed solution can cater to the otherwise formally financially excluded segment of the customers. Such can minimize the use of cash during purchases and the reduce the requirement for cash during cash out especially related to remittance inflow period with the unbanked and the banked/wallet users, therefore creating a more inclusive and connected ecosystem offering speed and convenience of all.

The selected entity should use an open-Source real time payment framework and platform, agent/merchant subscriber ratio and an agent rebalance model. The open-source platform will allow any technology development to be easily integrated with the bank network and infrastructure. Open-source platforms are well suited as they can be designed specifically for last mile payments across several classes of FSPs (Banks, MFIs, Mobile money operators etc).

The requirement is to support already ongoing efforts by having more of use cases that most clearly serve the poor and the low income first, the most marginalized such as micro-merchants, women, and youth.

Selected applicants will be signing a Performance-Based Agreement (PBA) with UNCDF.

The foreseen budget assigned by UNCDF will be up to USD 150,000. Applicants are expected to fund at least 30% of the total project cost in cash (for costs such technical resources, staff, and operational expenses).

The solution proposed must be implemented for 12 months, ending by September 2022.

Click here to apply

Deadline for submissions: September 14, 2021 23:59 ETD time.

In case of questions write to Jane.mugenyi@uncdf.org cc uncdf.rfa@uncdf.org