Mercy Corps, sQuid launch smartcard aid payments programme in DRC

Monday 19 May 2014 09:31 CET | News

Mercy Corps, a global humanitarian agency, has joined forces with sQuid, a UK-based electronic money (e-money) issuer, for the latter’s contactless smartcard and payments technology, in order to launch an aid programme in Democratic Republic of the Congo (DRC).

The programme is set to help people recently displaced by conflict, returnees, host communities and people living in areas which have recently experienced violence. Each beneficiary household is set to be issued with a contactless card through which money is distributed for use at merchants.

The system is provided by sQuid, a company operates through its own smartcards and payment terminals to present an end-to-end solution, built on internet technologies. Electronic value is sent to the smartcard via the terminal, enabling local collection and spend without the need for internet connection. sQuid users do not need a bank account.

The Mercy Corps programme is supported by UK Governments Department for International Development (DFID) and MasterCard Worldwide, with coordination support from UNICEF.

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Keywords: Mercy Corps, sQuid, MasterCard, contactless, smartcard, cards, AID, payments , programme, DRC
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce