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The Inter-American Development Bank (IDB), the Multilateral Investment Fund (MIF), the Andean Development Corporation (CAF) and the GSM Association (GSMA) have made a call for the presentation of project ideas for implementing IT solutions to increase financial inclusion among low-income populations in Latin America and the Caribbean, CAF reported.
Winning ideas will receive up to US$300,000 in funding. Projects may include providing financial services to underserved areas via non-banking entities or via mobile banking, offering new services or expanding existing ones such as payments or money transfers for low-income individuals, reducing client's costs, or improving risk management and internal controls.
Private companies, IT service providers, NGOs, cooperatives, financial institutions and banks will be able to participate.
The submission deadline is July 15.
Follow this link for more information.