Extended deadline: 30th November 2020 11.59 PM PNG time.

UNCDF invites applications from registered entities in Papua New Guinea including, but not limited to, banks, financial intermediaries, microfinance institutions, insurance companies, pensions companies, telco, money transfer companies that have digital inclusive solutions that can attain these 3 objectives:

1. Demonstrate to the market that the low-income segments can be active users of digital financial services (DFS) at scale, and therefore a commercially viable segment to serve.
2. Demonstrate that DFS, when designed and delivered with a rigorous understanding of the Low-income segment in mind, can have an impact on customer lives, in terms of their ability to pursue opportunities, be resilient to shocks, and meet their aspirations.
3. Demonstrate that they have a potential and /or ready-to-go solution(s) for the digitization of agri-value chains namely cocoa, vanilla and fisheries. Including solutions for deployment which will prepare the eco-system for digitization of value chains.

Institutions should also be able to demonstrate interest and focus in the following segments and sectors;

• Women Entrepreneurship.
• Work in rural communities and with community groups ex. Farmer cooperatives and/ or savings groups.
• Work in the Agriculture sector and in close relation to actors in agri-value chains of cocoa, vanilla and Fisheries.
• Use of Simple technology solutions suited to the needs of the people.
• Work in Financial Literacy and Financial Education space.
In addition, project areas of focus are;

1. Rural or Community Banking: Institutions with rural/community banking targeted at the low-income segments in Papua New Guinea are encouraged to apply. UNCDF wants to partner with commercial banks, Micro-finance institutions and Savings & Loans institutions with a track record of delivering financial services at the rural and community level by enabling last mile coverage offering solutions for savings and access to finance for farmers, agribusinesses and MSMEs.

2. Insurance: UNCDF is looking for a partner in the insurance space who has tailor made insurance products suited to farmers in the agri-value chains of cocoa, vanilla and fisheries. The partner should have digitization at the core of its processes and operations and should have a track record for working with people at the micro level.

3. Pensions: In the area of pensions, UNCDF is looking for a partner with easy to understand and easy to use pensions product that will resonate well with farmers in the Agri-value chains mentioned. The partner should also have a user-friendly digitized process in place for the payment of pensions contributions and for payout to clients as and when needed.

4. Remittances: Provision of remittance product and services to people within the community in a manner that is user-friendly to both the sender of the funds and the receiver(beneficiary).

For requests and queries please send an email to uncdf.rfa@uncdf.org cc jagdeep.dahiya@uncdf.org with the title “Queries Innovations for driving financial inclusion and DFS in PNG”.

Applications should be submitted via email at uncdf.rfa@uncdf.org with the Email title: “Innovations for driving financial inclusion and DFS in PNG_Company Name” on or before the application deadline: 30th November 2020 11.59 PM PNG time.