Innovative Partnership Between ESTHER International and Visa
Innovative Collaboration in Humanitarian Aid
HOUSTON--ESTHER International, a forward-thinking financial assistance platform for governments and NGOs, has teamed up with Visa, a global leader in digital payments. This strategic agreement aims to create groundbreaking payment solutions that will simplify the delivery of humanitarian aid. In recent years, worsening natural disasters and ongoing conflicts have made the task of delivering aid more difficult than ever.
The Need for Efficient Aid Solutions
Data indicates a troubling trend: from 2018 to 2023, the number of people requiring humanitarian assistance has surged from 199.1 million to 406.6 million. Projections suggest that severe food insecurity could impact over 956 million individuals by 2028. This escalating crisis underscores the urgent demand for efficient and scalable solutions for disbursing cash assistance globally.
Many communities around the world are underserved by traditional financial services. As a consequence, these communities often struggle to access the necessary fintech infrastructure. This lack of access becomes especially problematic during crises, such as those caused by climate-related disasters or ongoing conflicts.
Joint Efforts in Developing Solutions
Through their new partnership, ESTHER International and Visa are set to co-develop effective solutions aimed at empowering NGOs to operate effectively in the field. By focusing on creating data capture and management tools, the collaboration will streamline operational processes. Over the next two years, these innovative solutions will be put to the test through several pilot programs.
Upcoming Pilot Programs and Initiatives
In the year 2025, the first pilot project will be initiated in partnership with Maui Rapid Response, an emergency response NGO based in Hawaii. This project will leverage the ESTHER platform to provide financial aid through Visa cards to individuals and families significantly affected by wildfires.
Voices from Leadership
Carol Rossborough, CEO at ESTHER International, commented: “Humanitarian aid agencies and NGOs are currently under tremendous pressure due to escalating global conflicts and the adverse effects of climate change. We believe that a comprehensive global payments solution can deliver the efficiencies needed by these organizations. Visa’s extensive network, combined with its capabilities in money movement and innovation, makes them an ideal partner in this mission.”
Rajiv Garodia, Head of Visa Government Solutions, added: “As we face unprecedented challenges in the realm of humanitarian aid, our collaboration with ESTHER International marks a vital step forward. Our goal is to ensure that financial assistance is distributed swiftly and effectively to the most vulnerable communities.”
Contact Information and Company Overview
For further inquiries regarding this collaborative initiative, interested parties can reach out via email at info@estherinternational.com or by telephone at (+44) 7446 832070.
About ESTHER International
ESTHER International is a prominent FinTech organization dedicated to advancing humanitarian aid through innovative technology and strategic partnerships. Their mission focuses on enhancing the efficiency and effectiveness of crisis aid delivery by providing user-friendly, scalable, and interoperable systems that support both NGOs and local community networks.
Frequently Asked Questions
What is the purpose of the collaboration between ESTHER International and Visa?
The partnership aims to create new payment solutions that simplify the delivery of humanitarian aid and enhance efficiency in the process.
What challenges are prompting this collaboration?
The recent surge in global conflicts and climate crises has drastically increased the number of people in need of humanitarian assistance, emphasizing the need for scalable solutions.
What are the anticipated outcomes of their pilot programs?
The pilot programs are expected to enhance operational efficiency for NGOs, allowing for quicker and more effective distribution of aid to those in need.
When is the first pilot program expected to launch?
The first pilot program in collaboration with Maui Rapid Response is set to launch in 2025.
How can interested parties learn more about ESTHER International?
More information can be obtained by visiting their official website or contacting them directly via email or phone.
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