Three multilateral banks, as well as the GSM Association (GSMA), have made a call for proposals for technology use to increase low-income people's access to financial services in Latin America and the Caribbean.
Winners in the second "Technologies for Financial Inclusion Program" will receive up to US$300,000 each to implement their projects. Ideas may be submitted from May 30 to July 15.
Examples of ideas include:
- Providing financial services to rural or unserved people in close proximity to their workplaces or homes through non-bank correspondents or mobile devices.
- Offering new services such as savings, payments, or money transfer systems, or expanding services to customers who cannot be served through existing technology.
- Increasing efficiency and reducing costs, improving financial and operational performance.
- Lowering costs for customers.
- Improving risk management and internal controls.
Use this link for further information.