Through a series of technical assistance missions, FSVC has built the capacity of the APO to make sound business decisions on how to implement mobile payments. APO now has a solid mobile payments business plan and is ready to proceed with an investment decision as soon as it secures the necessary funding for the project. In June 2016, FSVC organized a roundtable on mobile payments with the Deputy Prime Minister and several other key government representatives. The FSVC volunteer expert outlined to participants the benefits of the project, while emphasizing the importance of supporting the project financially. The FSVC volunteer expert also provided reassurance regarding the viability of the plan, which is now backed by solid projections and a comprehensive technical assistance pipeline to be delivered by FSVC.
As a result of this project, key government representatives obtained a comprehensive overview of APO’s business plan for a mobile payments platform. They concluded, however, that the government will not be able to support the project. The Deputy Prime Minister prefers that APO adopt a revenue-sharing arrangement with an IT vendor, though this would still require funding. APO, on the other hand, prefers a bank-led model to minimize cost and risks. To main consensus among key stakeholders, alternative sources of financing from other donors will need to be explored. To this end, FSVC is liaising with both the Deputy Prime Minister and APO to determine a course of action.