RFP – Implementation Support to Asia -Pacific Fintech Innovation Challenge

PFIP is organizing a Fintech design challenge to develop and test digital solutions that will address specific challenges faced by PFIP’s partner financial service providers in the Pacific. The design challenge will provide a platform to fintech start-ups and digital innovators from the Pacific, Malaysia and Singapore to develop their ideas into practical solutions and/or customize existing solutions to suit Pacific market requirements. Through an intense 4 to 6 months engagement with these fintech startups and by leveraging local partnerships, the Design Challenge will act as a springboard to bring new digital innovations to the Pacific region.

Participating innovators will have an opportunity to develop their ideas/solutions into minimum viable products (MVPs) that would go through testing and iterative improvement and be ready for scale.

PFIP will provide seed funding to promising innovations to customize their solutions to suit specific challenges and will link them to potential implementing partners for ‘live’ market validation. Additionally, we will also offer a tailor-made mentorship program, for up to six months, to fill the market knowledge gaps.

These Terms of Reference (TOR) provide the background information and define the scope, timelines and deliverables for provision of expert technical support during the implementation of PFIP’s AsiaPacific Fintech Innovation Challenge.


Download full Terms of Reference



Complete proposals should be submitted to etenderbox.pacific@undp.org (attachments shall not exceed 20MB or on UN JobShop (note UN JobShop supports single document upload hence ensure that technical and financial proposal is submitted as one single document) by 19th January 2019 (11.59 pm Fiji Time). For any clarification regarding this assignment please write to ronald.kumar@undp.org.