Refugees and NGOs are increasingly relying on fintech for money distribution
Trend - 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 - 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.
Insight - 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.
Workshop Question - How can your brand better support the unique needs of refugee communities?
Trend Themes
1. Blockchain-based Fintech - Fintech companies are leveraging blockchain technology to build services and platforms that address the specific financial and access needs of refugees.
2. 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.
3. 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
1. Fintech - Fintech companies have a significant opportunity to create innovative solutions to address the unique financial needs of displaced communities and refugees.
2. Blockchain - Blockchain technology offers a secure, transparent, and decentralized means to distribute and manage financial services and payments for refugees and aid organizations.
3. 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.
4 Featured, 18 Examples:
22,282 Total Clicks
Date Range:
May 21 — May 21
Trending:
Untested
Consumer Insight Topics:
