This report stems from a comprehensive desk review of existing documentation and a range of in-depth interviews with stakeholders in the countries conducted by PHB Development and UNDP/UNCDF in March 2016. It aims to assist UNDP and UNCDF to develop country strategies, work plans and budgets for their digital finance activities in Guinea and Sierra Leone. At the same time, it aims to help donors to harmonize their approaches to DFS development so that together they may achieve the ultimate goals of improving access to financial services for unbanked and under-banked communities, with a particular focus on women and rural households.