United Nations Capital Development Fund (UNCDF) has announced a Request for Applications for “Inclusive digital solutions to ease migrants’ access to financial and health services in light of COVID-19”.
The objective of this RFA is to select licensed remittance service providers that are willing to come forth with a partnership with a health-tech or insure-tech player operating in Malaysia that have a tested solutions to address the problem statements outlined below, with a view to support them to scale the solution among low-income migrants.
UNCDF will support selected projects in the following areas:
- Access: Promoting access to and the adoption of digital remittance channels
- Usage: Scaling insurance related use cases for digital financial services
- Beyond Remittances: Linking remittances with health services for migrant workers
Amount: up to US$250,000
Duration: Projects are expected to have a maximum 12-month
- The applicant/ lead applicant must be a registered entity in Malaysia;
- The lead applicant must have a license to provide remittance services in Malaysia;
- The lead applicant must have been operational in Malaysia for at least five years as of June 2020;
- The lead applicant should have been servicing migrants and, at least 100,000 migrants in Malaysia are connected with any of their digital products/services;
- The financial solution proposed for this project must have been in the market for a duration of at least 6 months;
- Applicants must contribute at least 30 percent of the project’s cash costs (costs may include technical infrastructure, resources, and operations)
For more information, visit https://www.uncdf.org/article/6003/rfa-inclusive-digital-solutions-to-ease-migrants-access-to-financial-and-health-services-in-light-of-covid-19