Equity Bank Uganda and the United Nations Capital Development Fund (UNCDF) have Tuesday showcased the technology, process and applicability of biometric card solutions that will enable secure electronic cash transfer to refugees.
The solution was developed as part of Equity Bank an UNCDF’s partnership to drive financial inclusion in Uganda under a program called MM4P – Mobile Money for the Poor.
The product was showcased at an event held Tuesday morning at the Kampala Serena Hotel.
Equity Bank is the first to go to market with this innovative solution in Uganda delivering last mile distributions & enabling a transition from humanitarian response to development.
In Kenya, the bank is currently running a program called the national hunger safety net program with 420,000 beneficiaries with total funds disbursed at 4.79 billion Kenya shillings.
Some other of the Bank’s partners include UN, World Bank, UNCDF, Financial Sector Deepening to mention but a few.
Equity Bank is giving refugees the tools they need to increase their resilience & the development partners efficient and transparent solutions for cash transfers.
According to a statement extended to The Tower Post, this system will be scaled using the agency banking model, currently launched with support from UNCDF.
