Voucher redemption; beneficiaries head to vendors and purchase products with their voucher balances.

Most voucher-based projects perform multiple top-ups throughout the duration of the project; meaning, that the money allocated to a beneficiary is divided into equal quantities and each quantity is added to the beneficiary’s voucher card in a separate top-up operation on a regular basis (e.g.: one top-up per month).

The GeniusVoucher platform operates on a “payment after sale” basis for vendor payments; meaning, that payments are made to vendors in the form of reimbursements after making product sales to beneficiaries. Further, it is assumed that the client/organization does not make advance payments. Thus, throughout the project implementation period, the payments are processed to the vendors and paid to them.

During project implementation, the client staff can get real-time information and statistics about the operation of the project, including: total top-ups, total sales, total vendor payments, balances, and, sales by product or by vendor. Additionally, the client can generate periodic reports about the project operation for monitoring and evaluation purposes.