Visa and NetHope Partner to Help Modernize Delivery of Humanitarian Aid
New Visa Innovation Grants to help humanitarian and development organizations
electronify payments to increase speed, safety and long-term impact of health,
food security and poverty-alleviation programs
FOSTER CITY, Calif. & WASHINGTON -- November 26, 2012
Visa Inc. (NYSE: V), the leading global payments technology company, and
NetHope, a consortium of 37 humanitarian organizations, today announced the
Visa Innovation Grants program to help modernize humanitarian aid payments.
Through this program, Visa is making available $500,000 in grants to
humanitarian and development nongovernmental organizations (NGOs) to increase
the speed, security and long-term impact of aid through the innovation and
adoption of electronic payments.
Every year, humanitarian, development and government organizations distribute
billions of dollars of cash payments to people in need through benefit
stipends, emergency relief payments and other development initiatives. Driven
by the need to ensure faster delivery, greater transparency and increased
security, these organizations are beginning to shift from distributing
physical cash to electronic payments.
However, research by the Cash Learning Partnership has revealed significant
obstacles facing organizations trying to make the transition to electronic
payments, including technological, operational and attitudinal barriers. While
some of these barriers are being overcome through greater knowledge-sharing
and an increase in public-private partnerships, the report calls for greater
investment in overcoming internal barriers and additional funding for adoption
of new technologies.
“We have a tremendous opportunity to use innovation to improve the speed,
security and long-term impact of humanitarian and development aid,” said
Douglas Sabo, Head of Corporate Responsibility at Visa Inc. “Through the Visa
Innovation Grants program, we will support organizations’ efforts to
electronify their payments to help improve the lives of those they serve, and
we will use the opportunity to bring a more formalized financial service –
electronic payments – to the financially underserved.”
An Expert Advisory Committee of distinguished leaders with public and private
sector experience will assist in the review of applications. The committee
*Nabeeha Mujeeb Kazi, Managing Director, Humanitas Global Development
*Nick Maunder, Humanitarian and Development Consultant
*Eric Nee, Managing Editor, Stanford Social Innovation Review
*Sarah Rotman, Financial Sector Specialist, CGAP
“NetHope empowers humanitarian organizations to better serve the developing
world through smarter use of technology,” said Dr. William Brindley, NetHope
Executive Director and CEO. “The Visa Innovation Grants provide a unique
opportunity for NGOs to think creatively and push the technological envelope
to explore new approaches to electronify payments and transfers. We are proud
to work with a leader like Visa on this effort.”
The deadline for proposals is January 9, 2013. Recipients of the Visa
Innovation Grants will be announced by Visa and NetHope in early 2013. To
learn more, visit: http://nethope.org/page/visa-innovation-program.
NetHope, Inc., which started in 2001, is a new-generation collaboration of the
international community’s leading nongovernmental organizations representing
over $40 billion (USD) of emergency relief, human development and conservation
programs in more than 180 countries. Through member collaboration and by
facilitating public-private partnerships with major technology companies,
NetHope enables members to leverage their technology investments to better
serve their end beneficiaries. For more information, visit www.nethope.org.
About Visa Inc.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions, and governments in more than 200 countries
and territories to fast, secure and reliable digital currency. Underpinning
digital currency is one of the world’s most advanced processing networks –
VisaNet – that is capable of handling more than 24,000 transaction messages a
second, with fraud protection for consumers and guaranteed payment for
merchants. Visa is not a bank and does not issue cards, extend credit or set
rates and fees for consumers. Visa’s innovations, however, enable its
financial institution customers to offer consumers more choices: pay now with
debit, ahead of time with prepaid or later with credit products. For more
information, visit www.corporate.visa.com.
Photos/Multimedia Gallery Available:
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Robert Meloche, 650-432-4560
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