Crown Agents Bank, with the support of the Bill & Melinda Gates Foundation, has produced a thought leadership paper on the selection process for CBIs. The paper provides some tools and guidelines for the design and set up of such programmes, also covering the use of RFPs when selecting financial service providers and technology partners.
By its very nature, international development takes place in extremely complex environments where situations range from civil conflict to natural disasters or political changes.
Industry professionals working in international NGOs must adapt to these evolving circumstances quickly and effectively.
We will continue to see growth in cross-border payments as international trade for both B2B and B2C continues to thrive. However, given the increased number of providers in the space and reduced growth rates, competition will intensify, putting prices and margins under pressure.
Mobilising funds to get them into the hands of those who need them is one of the most critical, and sadly most complicated aspects of international development and crisis response. For international development organisations, the final movement of funds to individual recipients or field project offices, ‘last mile payments’, is often the toughest part of the process.