Does your organization have an innovative idea for a new or enhanced digital financial product or service that meets the needs of low-income customers in Sub-Saharan Africa? CGAP is currently looking to support such firms and organizations (Fintech companies, bank and non-bank financial services providers, or other players in the financial services space) by covering the costs of piloting an innovation that:
a) Leverages the attributes of a digital channel (for example, smart and rich user interfaces, two-way real-time interactions, P2P social connections, digital data trails, location-based services, or remote sensing capabilities) to significantly improve the delivery of financial services, expand usage or enhance the customer experience;
b) Tests a new financial product, service or use case that addresses a financial need and has a compelling value proposition for the customer relative to existing formal and informal alternatives (for example, helping them to meet funding shortfalls and shocks; making their money work toward education, housing, microenterprises, etc.; or managing risk ex ante).
Please submit the Expression of Interest (available in the Full Announcement) to Maria Luisa Hayem at [email protected] by 9 January 2017.