UNCDF supports digital finance solutions because we are concerned that the countries that need digital finance the most are succeeding the least. Digital Finance is not easy. Governments, providers and customers all face challenges in growing the market and we wanted to help to make sure the benefits of digital finance are limited to middle income countries and families.
The Mobile Money for the Poor (MM4P) programme helps build inclusive digital financial sectors such that a wide range of services are provided responsibly, and at reasonable cost, by sustainable institutions in a well-regulated environment.
What do we do?
UNCDF MM4P uses a market development approach that combines a mix of technical and financial and policy support. To guide us, we’ve mapped out the digital finance ecosystem into several key component parts that represent the partners with whom we work. In each country we partner with policymakers, regulators, providers, distributors and the users of digital finance that are needed to grow the market. We also help them work together.
UNCDF’s success is due to its team of full time professional with digital expertise place in the countries where we work. Our team is largely drawn from the industry – banks, mobile money providers, insurance companies and regulators -who are grounded in the reality of how things get done. We have over 25 full time experts in 8 countries.