August 16, 2024
August 16, 2024
Humanitarian Cash Assistance is pivotal in empowering vulnerable populations, but its potential for promoting long-term financial inclusion remains untapped. AIDONIC offers a unique solution that bridges the gap between short-term cash assistance and sustainable financial inclusion.
AIDONIC enables beneficiaries to select their preferred payment modality, such as mobile money, cards, or bank accounts and supports their further onboarding onto the financial service provider of their choice. This approach not only enhances program impact but also accelerates financial inclusion.
Sudan Update
AIDONIC offers a powerful solution for NGOs delivering cash assistance in Sudan. With AIDONIC's platform, NGOs can remotely open bank and card accounts for beneficiaries, and transfer funds in real-time. This innovative approach provides flexibility - recipients can securely store funds in USD to avoid currency fluctuations, withdraw cash, or transfer it to a mobile banking app for easy access. This system not only ensures financial security but empowers beneficiaries with choices, allowing them to manage their funds effectively in volatile environments.
Linking Cash Transfers to Financial Accounts
By enabling digital disbursements directly into financial accounts, AIDONIC helps recipients build a financial history, fostering the use of savings, credit, and insurance. This approach leads to long-term resilience for crisis-affected populations, connecting them to formal financial services.
Global Reach with Real-Time Coverage
AIDONIC facilitates seamless mass payments in over 200 countries. NGOs can track and manage disbursements for cash transfers through a single dashboard, ensuring financial transparency while scaling cash assistance programs globally.
Blockchain-Powered Immutability and Accountability
AIDONIC’s blockchain technology ensures that all financial transactions are immutable, providing NGOs and donors with the assurance of secure, transparent, and auditable fund flows, which is essential for accountability in cash transfer programs.
Building Capacity through Technology
AIDONIC strengthens the capacity of local groups and NGOs by offering an intuitive platform that manages last-mile delivery, communication, and reporting. This empowers local organizations, fostering greater financial literacy and inclusion among the most vulnerable.
Empowering Local Financial Systems
AIDONIC supports local FSPs by providing the technological tools needed to serve low-income segments effectively. Our platform allows for scalable and cost-effective delivery of services, helping to build a sustainable business case for FSPs in challenging environments.
Contact: severiyos.gabriel@aidonic.io