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.
Priority Areas
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
Funding Information
Amount: up to US$250,000
Duration: Projects are expected to have a maximum 12-month
Eligibility Criteria
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)
Deadline: Sep 8, 2020
Focus areas of interest: COVID-19, Health, Humanitarian Relief, Refugee and Asylum Seekers
For more information, visit UNCDF.
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