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Paysafe, Bankable support British Red Cross to offer Visa prepaid cards in emergencies

Wednesday 19 August 2020 10:48 CET | News

The British Red Cross has transformed its approach to cash assistance in the event of emergencies following a new partnership with banking-as-a-service provider Bankable and specialised payments platform Paysafe.

Cash assistance is the means by which the British Red Cross usually delivers financial aid during emergencies to make sure that recipients are able to access the goods and services they really need. Following the partnership, the charity is now able to give families and individuals in need access to prepaid Visa cards via on-the-ground support workers, instead of relying on cash.

Following the COVID-19 outbreak, some media reports suggesting that cash may aid the spread of disease have resulted in a shift in its usage and some retailers no longer accepting it as a form of payment, despite scientific evidence to the contrary. According to Paysafe research undertaken in April 2020, 53% of Brits are worried about handling cash following the COVID-19 outbreak, with 51% saying they planned to reduce their long term use of cash due to health and safety concerns.

The British Red Cross’ new Bankable-branded prepaid Visa cards are issued by Paysafe and can be used by recipients at any POS or ATM that accepts Visa. The cards are pre-loaded with an amount defined by the charity and have a unique identification number.


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Keywords: Paysafe, Bankable, British Red Cross, Visa, prepaid cards, payments platform, COVID-19, cards, POS
Categories: Payments & Commerce | Cards
Countries: United Kingdom
This article is part of category

Payments & Commerce