The Unique Value of PFS for Asia
The Pay for Success (PFS) movement has spread to countries around the world. Each country has done PFS for slightly different reasons. For example: in the United Kingdom, PFS has generally angled as a way to get ‘more for less’, whereas in the US, PFS has been viewed by many as a way to test and scale up innovative social programs.
I grew up in Singapore and Hong Kong, and have spent the past two years executing PFS projects around the US. I believe that PFS could provide a unique value