Soldo helps distribute €400mn aid in Italy

April 21, 2020 | Payments

Written by FinTech Alliance

Soldo helps distribute €400mn aid in Italy

Soldo Care cards are being used to distribute emergency funds amid Covid-19

In Brief:

  • Soldo has developed prepaid emergency cards which can be used immediately in Europe.

  • Soldo Care lets governments, local authorities and NGOs distribute funds to vulnerable citizens.

  • It can be used at any merchant that accepts MasterCard.

What does this mean?

A prepaid card is a quick and safe way to get money to vulnerable people that they will be able to spend straight away. The solution has been adopted already by the Municipality of Milan which is responsible for around 1.3mn people and a further 21 municipalities across Italy have signed up.

Read more here.

 

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