Lao PDR is a greenfield environment when it comes to mobile money. Some mobile banking initiatives have been implemented, but there are no mobile money wallets as such – yet! UNCDF has been supporting Star Telecom (Unitel), a mobile network operator in its efforts to launch the first ever mobile money wallet in the country.
This report covers the mid-term evaluation of the ‘Making Access to Finance More Inclusive for Poor People’ (MAFIPP) program in Lao People’s Democratic Republic (PDR); a program implemented and partly funded by the United Nations Capital Development Fund (UNCDF) with cofinancing from Australia’s Department for Foreign Affairs and Trade (DFAT).
On 29 June 2016, Bank of the Lao PDR (BoL) hosted the seventh quarterly Digital Financial Services (DFS) Working Group meeting, with the support of the United Nations Capital Development Fund (UNCDF) programme Mobile Money for the Poor (MM4P) and the programme Making Access to Finance more Inclusive for Poor People (MAFIPP).
Lao People’s Democratic Republic (Lao PDR), a country in Southeast Asia with 6.8 million people, has started the journey towards digitizing its cash-based economy and introducing digital financial services (DFS) to thousands of previously unbanked customers. Lao PDR is currently in the early stages of the Inception phase of the DFS market. There are several providers in the market that have begun to develop their DFS offerings; however, the lack of regulations has limited their ability to launch services.
The Delegation of the European Union to Thailand in collaboration with the Office of National Economic and Social Development Board (NESDB), the United Nation Capital Development Fund (UNCDF), and UNESCAP’s Trade and Investment Division held a conference on Uplifting Borders: Taking the GMS to the “Last Mile” with more than 100 participants at Conrad Bangkok Hotel.
UNCDF has been actively supporting the de-concentration and decentralization efforts of the Government of Lao PDR for over a decade. The National Governance and Pubic Administrative Reform Programme (NGPAR) is a multifaceted approach that has been adopted by the Government of Lao PDR, which consists of four interlinked projects.
UNCDF has been actively supporting the de-concentration and decentralization efforts of the Government of Lao PDR for over a decade. The Governance and Pubic Administrative Reform Programme (GPAR) is a multifaceted approach that has been adopted by the government, which consists of four interlinked projects.
- Improved and equitable access to land, markets, social and economic services.
- Enabled environment for growth with equity.
- Increased access to financial services by low-income households and micro-entrepreneurs.