Exploring Opportunities for PAYG Solar as a Driver of Financial Inclusion (Webinar)

26 September 2017

9:30 a.m. Eastern Daylight Time | 3:30 p.m. Central European Summer Time
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EAPN logoThe Clean Energy Solutions Center, in partnership with UN Foundation’s Energy Access Practitioner Network and U.S. Agency for International Development (USAID), is hosting a no-cost webinar that will highlight the opportunities for Pay-As-You-Go (PAYG) solar to be a driver of mobile money adoption and introduce a new tool to guide rapid market assessments. This webinar is the second in the UN Foundation’s finance-focused webinar series, which highlights financing challenges and solutions at the cutting edge of the energy access sector.

Many off-grid energy companies offer PAYG business models, allowing poor households to pay off the cost of a solar product by making small payments over a longer period of time. When PAYG companies integrate with a local mobile money service, repayments can be automated. This lowers the cost of repayment for both the company and the customer, minimizes risk to the company as the system can be turned off remotely in the event of nonpayment, and can help customers build credit history that can be used to access additional financing in the future. In more nascent mobile money markets, PAYG solar can create an incentive for clients to open a mobile money account for the first time, simultaneously expanding access to electricity and creating pathways to financial inclusion.

This webinar will examine the key factors of a potential PAYG market that may indicate an opportunity to advance both access to energy and financial inclusion. The webinar will highlight the newly developed Rapid Assessment Framework, which identifies key features of the mobile and energy infrastructure for supporting PAYG solar and mobile money adoption.

Panelists

Jem Porcaro, Senior Director, Energy Access, United Nations Foundation, will introduce the topic and provide context to the broader financing webinar series.

Daniel Waldron, Digital Finance Specialist, Consultative Group to Aid the Poor (CGAP), will provide an overview of the PAYG sector and its relationship to financial inclusion.

Amy Paul and Craig Jolley, Strategy & Research Advisors, USAID Global Development Lab, will introduce and walk through a Rapid Assessment Framework for PAYG solar and mobile money adoption.

Simone Vaccari, Ghana Country Manager, PEG Ghana, will share a PAYG provider’s perspective on business approaches that drive mobile money adoption.

The presentations will be followed by a moderated conversation among the experts, and an opportunity for in-depth discussion with attendees on specific questions around identifying new markets where PAYG solar can drive mobile money adoption and contribute to financial inclusion objectives.

The hashtag #PNwebinar will be used on social media during the webinar.