On 15th February 2018, The United Nations Capital Development Fund’s (UNCDF) MM4P programme and Tootle launched a new project to provide doorstep delivery of financial services. Kathmandu Valley is the fastest growing urban agglomeration in South Asia. The rapid urbanization has resulted in an influx of migrants as well. as traffic congestion and air pollution. Tootle launched a motorbike ride-share service in 2017, that allows those seeking rides to connect with motorbike owners interested in taking a passenger and earning additional income.
UNCDF is providing a grant and technical support for Tootle to use its ride-share business to offer doorstep delivery of both financial and non-financial services.
Riders can pay in cash or with their Tootle balance. The Tootle app allows riders to top up their Tootle Balance using e-Sewa, a digital wallet. The project is to help Tootle drivers expand their business while expanding the availability and use of digital finance in partnership with digital financial service providers. Soon, residents will be able to get food, packages delivered and cash in and cash out of their digital accounts in the first of its kind pilot.
#FinancialServices #Tootle #MotorbikeRideShareService
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Publisher:
UNCDF
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(2018
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Type / Script:
Press Release
in English
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Keywords:
FINANCIAL SERVICES, FINANCIAL SERVICES INDUSTRY, SERVICE INDUSTRIES, INSURANCE COMPANIES, URBANIZATION, SETTLEMENT PLANNING, SOCIAL DEVELOPMENT,DIGITAL CASH,ELECTRONIC PAYMENTS SYSTEMS,PARTNERSHIP,LOCAL DEVELOPMENT,ECONOMIC DEVELOPMENT,ECONOMIC GROWTH, CAPITAL INVESTMENTS
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Thematic Group:
UNCDF
:
Capital Development
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Thesaurus:
05.01.01
- Industrial Development Support Services
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Reference Link:
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