Impact Bond is a contract to deliver verifiable outcomes in exchange for payment. If outcomes are not achieved, no payment is made. Also known as ‘pay for success’ or pay for performance. The impact bond key elements of success are:
(a) concrete, discrete problem;
(b) a proven cost effective solution;
(c) credible data and specific metrics;
(d) willing government/development partners;
(e) philanthropic/social investors;
(f) Intermediary and proven high capacity providers
LOYALTY-AS-A-SERVICE (LAAS) APP
