Fiduciary risk assessment and value for money study for social transfer payment mechanisms in the Lao People’s Democratic Republic

The Fiduciary Risk Assessment and Value for Money Study of Payments in Lao PDR looks at the feasibility and riskiness of five existing or potential payment mechanisms to deliver money reliably and efficiently over the last mile and into the hands of people. The five mechanisms are cash, village banks, public and commercial banks, digital wallets, and Blockchain. The findings can be applied to social welfare and social insurance payments as well as emergency cash transfers.

We hope that this report can provide useful inputs to discussions and decisions by both national authorities and development partners. Through this study, we have explored the adoption of modern payment methods and innovative technologies, and in so doing, we hope to extend social protection coverage to more people in Lao PDR.