Shifting from cash to electronic payments — particularly in a way that achieves financial inclusion and savings for the poor — often requires technical and financial assistance.
The Technical Assistance Facility will provide assistance in the following ways:
- Diagnostics of the current situation, assessment of cost and benefits of transition.
- Development of strategies and plans to implement a transition to electronic payments.
- Activity-based costing exercises to document true costs of cash-based systems.
- Beneficiary perception and attitude surveys.
- Design of beneficiary education and financial literacy training.
- Preparing specifications for tender document and reviewing proposals.
- Smart subsidy to support the transition from cash to electronic payments.
- On- and/or off-site technical support to assist with implementation.
- Development of monitoring tools or metrics to measure progress.
- Bridge funding for preparatory and initial activities while larger, longer-term programmes of support are put in place.
Better Than Cash Alliance funders who may also be eligible for a technical assistance grant do not fund the Technical Assistance Facility or participate in the decision-making process in determining which organizations are awarded grants.