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.
The Better Than Cash Alliance will apply the following principles and criteria in considering requests for assistance.
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.
