CashMoney in physical form such as banknotes and coins. More and Crises
CashEssentials’ Cash and Crises series is back yet again for it’s fourth episode where we have a chance to discover more about payments using pre-paid (debit) cards. Take a look at the video below to find out who is involved, what processes are required, and uncover long-held industry secrets of how much each step normally costs in the commercial world – and more!
- Card paymentA transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More fees are negotiable. Even Interchange is negotiable in certain humanitarian circumstances and where volumes are high.
- The actual direct cost of a single pre-paid card transaction in a commercial setting amounts to about $0.43
- There appears to be scope for aid agencies to negotiate further reductions in demand- and supply-side costs.
- Humanitarian financial assistance programmes offer considerable opportunity cost savings for financial institutions, especially in the area of customer acquisition.
Find more information on the Cash and Crises series by clicking here and watch our previous episodes below:
Episode 1: Digital Money
Episode 2: The Role of Central Banks in Disaster Management
Episode 3: Multiplier Effects
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