Category
Lifestyle
Gentle Diagnostics
Trend cluster
Category
Refugee
Fintech
Refugees and NGOs are increasingly relying on fintech for money distribution.
2.0
Trend score
What's Happening
What is the Refugee Fintech trend?
Refugee Fintech: Fintech companies are working to build services and platforms that support the financial and access needs of refugees around the world. These products rely on blockchain technology and are catered to address various things, including anonymity, non-smartphone compatibility, and more.
Insight
The consumer insight behind the Refugee Fintech trend
Unlike regular consumers, displaced individuals are often facing specific access barriers, especially when it comes to necessities like finance, housing, and so on. Aware of the levels of convenience, adaptability, and efficiency that modern technology can offer, many are looking to tech services for solutions. When these needs are met, displaced communities feel better supported and integrated into their host country, while their chances for stabilization increase.
Trend themes
Themes within the Refugee Fintech trend
Three behaviours holding the trend together01
Blockchain-based Fintech
Fintech companies are leveraging blockchain technology to build services and platforms that address the specific financial and access needs of refugees.
02
Mobile Money and P2P Lending
Mobile money and peer-to-peer lending services are becoming increasingly popular among refugees and aid organizations as a means to access financial services and transfer money securely.
03
Universal Basic Income with Stablecoins
Fintech companies are exploring the use of stablecoins and blockchain technology to distribute universal basic income payments to underserved and underrepresented communities such as refugees.
Industry implications
What the Refugee Fintech trend means for industry
Where the trend changes the playbookFor
Fintech
Fintech companies have a significant opportunity to create innovative solutions to address the unique financial needs of displaced communities and refugees.
For
Blockchain
Blockchain technology offers a secure, transparent, and decentralized means to distribute and manage financial services and payments for refugees and aid organizations.
For
International Aid and Development
Aid organizations and development agencies can leverage fintech and blockchain solutions to improve the delivery of financial services and support to refugees and displaced communities.
Workshop question
How can your brand better support the unique needs of refugee communities?
Trend signals
Trend signals for Refugee Fintech
Trend score 2.0 out of 10, from popularity 37%, activity 14%, freshness 10%.
Popularity37%
Activity14%
Freshness10%
Audience
50%Men
50%Women
- Gen Alpha
- Gen Z
- Millennial
- Gen X
- Boomer
Market
North America
Europe
Asia-Pacific
South America
Africa
Evidence
Examples of the Refugee Fintech trend
4 featured examples from May 5 to May 6, 2021CategoryLifestyle
Universal Basic Income Payments
Kotani Pay is Using Stablecoins for Payments to African Refugees
Fintech companies can leverage stablecoin payments and blockchain technology to improve the distribution of universal basic income payments.
CategoryLifestyle
Refugee-Supporting Fintech Solutions
Leaf Helps Refugees with Financial Security, Using Blockchain
Fintech companies can build innovative digital wallets that cater to refugees
CategoryLifestyle
Supportive Blockchain-Based Remittance Platform
BankeNu Aids Displaced & Underserved Communities
The FinTech industry can leverage blockchain-based remittance platforms to develop disruptive solutions for traditional remittance services.
CategorySocial Good
Refugee-Assisting Financial Services
The Arcadia Platform Helps NGOs Deliver Financial Services
The Arcadia Blockchain for Refugees highlights an opportunity for nonprofits to leverage blockchain technology to offer their communities innovative identity-less cash transfer se…
