Many individuals in low- and middle-income countries (LMICs) face a financial infrastructure gap. One way organizations have begun addressing this financial infrastructure gap in low-income and rural communities is through the provision of digital financial services (DFS). To utilize DFS however, users must be able to convert physical cash into electronic money through cash-in, cash-out (CICO) networks.
Foreign aid donors face many decisions about how they should disburse aid, and must be able to justify these choices to their constituents. Among the choices that donors must make is whether to allocate via bilateral versus multilateral channels.