Everest — Indonesia Case Study
EXCERPT: Everest’s device-free biometric identity platform used … to reduce leakage, biometrically verify users and yield efficiencies in the LPG gas subsidy program.
INTRODUCTION: Working in conjunction with BRI Bank, the largest bank in Indonesia, Indonesia’s National Team for the Acceleration of Poverty Reduction (TNP2K), financial regulators, central bank officials, and local government officials, Everest was awarded a pilot program in 2018 to address transparency, accountability, cost effectiveness and responsiveness amongst urban, peri-urban, poor and vulnerable populations that lacked digital devices and full identification.
Everest’s device-free biometric identity platform with cashless, end-to-end value transfer technology is an ideal solution for cash transfer in emerging markets. With funding from ID2020, Everest presented a proposal to the Government of Indonesia to work in conjunction with BRI to address a pressing desire to reduce leakage, biometrically verify users and yield efficiencies in the LPG gas subsidy program and eventually expand it across the breadth of Indonesia’s population.
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