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Visa Innovation Grants 2013 Advancing financial inclusion with electronic payments

Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

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In 2013, Visa launched the Visa Innovation Grants program in partnership with NetHope, awarding five grants of $100,000 to leading non-profit humanitarian and development organizations in support of the innovative use and adoption of electronic transfers and/or payments within programs and organizations. This presentation offers a snapshot of the winners -- Agribusiness Systems International, Freedom from Hunger, International Federation of Red Cross and Red Crescent Societies, Mercy Corps and Pathfinder International -- with projects relating to agricultural finance, emergency relief and health all around the world.

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Page 1: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Visa Innovation Grants 2013Advancing financial inclusion with electronic payments

Page 2: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

5 grants, $100k each to support innovations in e-payments

IFRCLatin America &

Caribbean

Mercy CorpsIndonesia

Agribusiness Systems Intl.

Ghana

Freedom from HungerEcuador

Pathfinder Intl.Kenya

Page 3: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Introducing a more efficient, secure mobile money transfer system for smallholder rice farmers in Ghana

Page 4: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

on Tigo Cash payment mechanism

722 farmerstrained

606 farmersregistered & activated

12 agents recruited &trained

photo credit: ASI

Page 5: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

“I am personally satisfied with the Tigo Cash payment system and have seen that the other farmers have embraced it as well. I’m ensured timely payment of my sales and can safely move around with my money without any fear of getting robbed. I can also send money to my brother and sisters.” - Eric Glatse, participating farmer

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Page 6: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Developing a health credit card to improve access to health providers and health education for Ecuador’s poorest

Page 7: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

photo credit: FFH

an initiative with the potential to impact 4,000 MFI clients & their ~14,000 family members

Page 8: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

“I feel supported and have peace of mind, because I know that when I have a medical emergency and have no cash, this will help me receive the medical attention I need for me and my family.” - A survey respondent from the city of Guayaquil

Page 9: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Implementing a regional pre-paid debit card system to increase cost efficiency, speed & impact of humanitarian assistance in the Americas

Page 10: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Is cash transfer programming the future of humanitarian response?

Advocacy, training and technical support on use of cash transfers has increased acceptance of using cash in place of or alongside in-kind assistance and increased acceptance of use of an e-payments system to deliver aid

Page 11: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

“Indeed it is no longer a question of whether we do cash-based programming, but how to make this a more systematic mechanism in our responses.” - Scott DiPretoro, Disaster Management Delegate

Page 12: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Offering Indonesian smallholder farmers digital payment services to improve productivity & profits photo credit:

Mercy Corps Indonesia

Page 13: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

The AgriPay program is deploying an online banking system called AndaraLink to enable farmer cooperatives to deliver digital financial services to customers throughout Indonesia

Page 14: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

2,500 direct beneficiaries (30% women) & 12,500 indirect to date

within 5 years, it’s anticipated that there will be at least 500 participating MFIs and 1.2 million indirect beneficiaries making more than 3 million transactions per year

Page 15: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

Implementing a mobile incentive program to improve the health of mothers & children, while providing secure & reliable payments to community health workers

photo credit: Bill Okaka

Page 16: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

photo credit: Bill Okaka

Use of Dimagi CommCare app to empower community health workers around the managementof health information

Page 17: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

...resulting in increases in reporting, services offered, household visits made

& increased transparency and quality of health services

photo credit: Sala Lewis

Page 18: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

since June ‘14, the community of mothers supported by the program has grown by 26%

the # of vulnerable children receiving care has increased by 18%

photo credit: Sala Lewis

Page 19: Visa Innovation Grants 2013: Advancing Financial Inclusion with Electronic Payments

“It’s an awesome experience seeing my clients be able to estimate their due dates. The visits are well pre-determined and follow-up has been made efficient. I’m grateful for this great innovation in reporting.” - Agnes Kazungu, CHW

photo credit: Sala Lewis