Paysafe, a payments processing firm, and Bankable, a banking-as-a-service platform, have partnered to develop prepaid cards.
In Brief:
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The cards can be used by the British Red Cross in emergency situations.
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The Red Cross will use the Visa cards to offer cash assistance to individuals affected by emergencies.
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People can use the cards at any ATM or PoS that accepts Visa.
What does this mean?
On-the-ground support workers sometimes offer cash assistance to individuals but as it becomes less popular, not least due to the risk of Covid-19, offering a prepaid card will make the process easier and safer.
