THE use of digital financial services platforms for humanitarian cash transfers plays a key role in the early recovery of Filipinos affected by disasters by giving them access to financial services and helping jumpstart local markets. This was among the findings in the study called “Cash in Hand”, which was launched by international development organization Oxfam Pilipinas, together with digital financial services leader PayMaya. “Our experience and ongoing research on cash programming has shown us that using digital financial services platforms for cash assistance helps stimulate local economies. “Access to digital financial services like PayMaya can help make lives better for Filipinos. Our partnership with Oxfam is a clear testament to how we can empower the most vulnerable sectors of society through innovation.

Source: Manila Times March 13, 2020 18:33 UTC