The payments provider is seeking to connect with charities and aid organisations seeking to deliver funds to those affected
14th, March, 2022 – Paynetics and phyre have developed a mobile payment application for IOS and Android that allows charitable organisations to easily deliver funds to those displaced as a result of the Russian invasion of Ukraine.
The delivery and management of the service is available for FREE. The new solution, designed to help deliver support to Ukrainian refugees, is available on the MyPaynetics app.
The war in Ukraine has created an unprecedented crisis and caused the largest displacement of people since the Second World War. Over 2 million people have already had to relocate and the number is expected to climb to 5 million.
As aid organisations, charities, and governments raise significant funds to support those affected, they are finding it difficult to deliver the funds to those displaced by the fighting. Many Ukrainian refugees no longer have access to their bank accounts while the delivery of support via cash is impractical and there is a limited stock of plastic payments cards to address the issue through prepaid cards.
Paynetics and phyre are offering a mobile payment application for quick delivery and use of funds via ApplePay and GooglePay. While many refugees may not have all their critical documents with them, most people will have a mobile phone. Contactless acceptance is now available on the majority of mobile devices in Europe, making it a practical and easy-to-use means of receiving payment.s.
Paynetics has made it easy for charities to distribute funds securely via the application, in four easy steps.
- The aid organisation identifies the refugees
- The organisation then sends Paynetics a list of aid recipients – including their name, email, and phone number
- The refugees are prompted to download the MyPaynetics app from the AppStore/PlayStore
- The final step involves Paynetics issuing a virtual card for each refugee, onboarding the refugee, activating their account, and transferring the funds as instructed by the aid organisation
All aid organisations that would like to learn more or have any questions can contact Paynetics at refugee.ukraine@paynetics.digital. The team is available to help.
About Paynetics
Founded by financial sector veteran Ivo Gueorguiev and serial entrepreneur Valeri Valtchev, Paynetics is an e-money institution, providing end-to-end payment services across the UK, European Union and globally. We are principal members of Mastercard, VISA, UnionPay International, SWIFT and SEPA, and can offer both IBAN’s and UK Sort Codes. Paynetics meets the complex payment and Banking as a Service needs of its B2B and B2B2C customers safely in one place, including card acceptance and issuance, across mobile and ewallet, online, digital and physical cards, and POS channels. Our award-winning technology makes Paynetics easy to work with while offering some of the most sophisticated digital solutions based upon tokenization such as Apple Pay and Google Pay. In October 2021 Paynetics won the silver award for the Best Market Expansion programme at the Emerging Payments Awards.
Please find more information at paynetics.digital and follow us on LinkedIn and Twitter @PayneticsAD