DFS Consultant- Support the financial service providers in developing digital rails and deepening adoption drivers
If you are looking for a job, UNDP is looking for DFS Consultant- Support the financial service providers in developing digital rails and deepening adoption drivers. If you are eligible for this job, You can apply from their official website.
|Application Deadline :||08-Sep-17 (Midnight New York, USA)|
|Time left :||1d 15h 57m|
|Additional Category :||Sustainable Development and Poverty Reduction|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :
|Starting Date :
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||12 Months|
|Expected Duration of Assignment :||Renewable up to 24 months, based on funding, needs and performance|
UNCDF is the UN’s capital investment agency for the world’s least developed countries. It creates new opportunities for poor people and their communities by increasing access to microfinance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia and the Pacific, with a special commitment to countries emerging from conflict or crisis. It provides seed capital – grants and loans – and technical support to help microfinance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives.
UNCDF works to enlarge peoples’ choices: it believes that poor people and communities should take decisions about their own development. Its programmes help to empower women – over 50% of the clients of UNCDF-supported microfinance institutions are women – and its expertise in microfinance and local development is shaping new responses to food insecurity, climate change and other challenges. UNCDF works in challenging environments – remote rural areas, countries emerging from conflict – and paves the way for others to follow. Its programmes are designed to catalyze larger investment flows from the private sector, development partners and national governments, for significant impact on the Millennium Development Goals, especially Goal 1: Eradicate Extreme Poverty and Hunger, Goal 3: Promote Gender Equality and Empower Women, and Goal 7: Ensure Environmental Sustainability.
Despite the rapid growth of the microfinance industry in the past ten years, it is estimated that between two and three billion people still lack access to a broad range of financial products and services on a sustainable basis. The situation is particularly dire in the LDCs, where often more than 90 per cent of the population is denied access to financial services from the formal financial system. UNCDF focuses its strategy on Financial inclusion, which is universal access, at a reasonable cost, to a wide range of financial services, provided by a variety of sound and sustainable institutions. The range of financial services includes savings, short and long-term credit, leasing and factoring, mortgages, insurance, pensions, payments, local money transfers and international remittances.
UNCDF manages a number of initiatives related to digital financial (DF). It is in discussion to consolidate the technical assistance and research aspects of these programmes into a single team. This team will serve UNCDF’s needs in regard to DF, particularly for two programmes: Mobile Money for the Poor and the Better than Cash Alliance, but DF also requires support in a number of UNCDF country and global programmes.
UNCDF has been active in Nepal in the digital finance space for over a year with funds from UNCDF’s MM4P program laying the groundwork for a full-scale country interventions and programs including MM4P. The preparatory phase of MM4P has been done in consultation with the NRB and with the permission of the Ministry of Finance, with a focus on research, awareness raising, assistance in strategy and business planning and working with the NRB. UNCDF worked in partnership with a single consulting firm during this period to implement a range of activities. UNCDF also received permission from the Government of Nepal (GoN) to expand MM4P activities in Nepal as a focused programme on digital finance and innovation. In addition, to MM4P programme, UNCDF also operates some other programmatic initiative viz UNNATI and Clean Start.
Mobile Money for the Poor (MM4P):
With support from Australian Government, Department of Foreign Affairs and Trade (“DFAT” formerly AusAID) and by the Swedish International Development Cooperation Agency (Sida), UNCDF launched Mobile Money for the Poor (MM4P) in March 2012, a global thematic initiative to address the opportunities and challenges of implementing branchless banking and mobile money in challenging markets in Africa and Asia. MM4P’s long-term mission is to help low income and rural households in LDCs increase their financial security through appropriate, affordable and secure means to receive, manage and save money through these digital financial services. MM4P launched in Nepal in 2013 and works closely with other UNCDF programmes, providing both funding and technical oversight for DFS interventions in Nepal. In 2017, MM4P secured a partnership with USAID to continue its activities in Nepal through 2017-2018. MM4P’s overall work in Nepal is managed by it Technical Specialist, Digital Finance (TS DF), based in Kathmandu.
Better Than Cash Alliance:
The Better Than Cash Alliance is an alliance of governments, private sector and development organizations committed to accelerating the shift from cash to electronic payments. Billions of dollars in cash payments are made daily in emerging and developing economies, including payment of salaries, social welfare and relief, payments to suppliers, etc. The problems with these cash payments include a lack of transparency, accountability and security, as well as inefficiency. Furthermore, the individuals who receive the cash are excluded from the formal financial sector. There were approximately 2.5 billion people excluded from the formal financial sector in 2012. Shifting these payments from cash to electronic has the potential to improve the livelihoods of low-income people by advancing financial inclusion and enabling people to save, while giving governments, the development community and the private sector a more efficient, transparent and often safer means of disbursing payments
The Better Than Cash Alliance (BTCA) seeks to leverage the leadership of governments, the networks of development organizations and the expertise of the private sector in payment technologies to replace the use of cash in their programming and payment streams with electronic payments, where appropriate. It also seeks to build the financial capability of low-income clients who will benefit from electronic payments and a wider range of financial services.
Nepal joined the BTCA alliance in 2015.
Duties and Responsibilities
|The DFS advisor, will be responsible for supporting engagements under the eco-system approach of MM4P and would be working along with other DFS advisors in country. The advisor would be working with UNCDF team in Nepal, and would spend and operate out of partner’s premises. The DFS advisor would be working under direct supervision of the MM4P designated DFS lead in Nepal. Some of the engagements that he/she would be supporting are:
1. Support and participate in direct technical assistance to selected partners.
2. Act as one of the DF technical resource for the digital finance work in Nepal:
3. Assist few stakeholders in the development of innovative ideas, plans and projects to enter or expand in the DFS (ecosystem, customer, high volume, agent work streams, etc.):
4. Coordinate and support DFS lead in Nepal on reporting at country and stakeholders level.
Required Skills and Experience
Post graduate degree in Economics, Finance, Banking, Development, Technology or related fields or equivalent experience;
Timeline, duration of assignment, duty station and expected places of travel:
For unforeseeable travel, payment of travel costs including tickets, lodging and terminal expenses should be agreed upon, between the respective business unit and Individual Consultant, prior to travel and will be reimbursed.
Please note that UNCDF cannot guarantee residence permits or visa´s for consultants. Consultants are responsible for securing their work documentation. In the case of national consultants, applicants that are not nationals of the duty station requested will have to prove their residence status.
Please note that consultants residing in the duty station will not be compensated for living expenses.
Progress Controls & Payments:
Payment will be made on periodical basis in accordance with number of days worked and upon satisfactorily achieved deliverables. All payments are subject to the clearance and approval of the direct supervisor.
Interested individuals must submit the documents mentioned below as proposals in order to demonstrate their qualifications (Note: the system does not allow multiple uploads of documents. Applicants must make sure to upload all documents in one PDF file).
All applications must contain the following information:
Incomplete applications will not be considered. Please make sure you have provided all requested materials.
Step I: Screening: Applications will be screened and only applicants meeting the following minimum criteria (listed under education and experience) will progress to the pool for shortlisting.
Step II: Technical Evaluation:
Step III: Financial Evaluation: Only candiadtes with scores above 70% of the tehnical evaluation (70 Points or above) will be considered.
The following formula will be used to evaluate financial proposal: lowest priced proposal/price of the proposal being evaluated x 30%.
The contact shall be awarded to the applicant whose offer have been evaluated and determined as:
Responsive/compliant/acceptable; and Having received the highest combined weight (technical scores) 70% + financial 30%= 100%.
Both individual consultants and individual employed by a company or institution are welcome to apply.
Any individual employed by a company or institution who would like to submit an offer in response to a Procurement Notice for IC must do so in their individual capacity (providing a CV so that their qualifications may be judged accordingly). Women candidates or women-owned businesses are strongly encouraged to apply.