Tootle, a startup providing motorcycle sharing service in Kathmandu, and the United Nations Capital Development Fund’s (UNCDF) Mobile Money for the Poor (MM4P) program have signed a grant and a technical assistance agreement, reports The Kathmandu Post.
Why it matters:
- With this agreement, the pilot project, “Doorstep Delivery of Financial Services (Roving Agents) and Driving Adoption of Electronic Payments through Delivery Service Use-Case” can be initiated in Kathmandu.
- The pilot will test the viability of this model and its potential to enhance the digital financial services ecosystem in the country.
- Both organization will use a network of bikers for the delivery of both financial and non-financial services such as package delivery, food delivery and more to retail customers.
- UNCDF uses grants and technical expertise to help companies test and scale up financial inclusion initiatives that use partnerships to reach low-income people.
- As part of its market development mandate, MM4P engages with payment service providers, banks and start-ups, but also regulators, government institutions and community-based organizations to develop, test and scale up financial inclusion initiatives that use partnerships to reach low-income people, a press release issued by UNCDF states.
What they are saying:
- “We hope our support to Tootle will be a triple success – customers can get financial services at their doorstep, drivers can make more money, and Tootle can build its business” said Abhay Pareek, UNCDF Digital Finance Expert based in Kathmandu.
Big News: McDonald’s Launches Delivery Service in Nepal with FoodmanduHIGHLIGHTS McDonald’s has partnered with Foodmandu to exclusively deliver its menu items in Nepal. Nepali…
Honda Aviator 110 Price in Nepal (April 2023 Updated)HIGHLIGHTS Honda Aviator price in Nepal is Rs. 2.35 Lakhs. It is available in a…
Honda Unicorn 150 Price in Nepal (April 2023 Updated)HIGHLIGHTS Honda Unicorn 150 price in Nepal is Rs. 3.08 Lakhs. It comes in Black,…