Aid groups often struggle with sending funds to remote places around the globe. Several options have been floated to solve this “last mile” challenge, such as mobile banking and prepaid cash cards.
Western Union has been at the forefront of developing a variety of e-financial services. We spoke with its chief marketing officer, Paul Foster, about the company’s research on what financial services aid groups need and what Western Union is now offering under a new initiative, NGO Global Pay.
Lars Schwetje contributed reporting from New York.
Check out the rest of our interview with Paul Foster, as well as our conversations with other global development luminaries who attended this year’s Clinton Global Initiative.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Rolf RosenkranzRolfRosenkranz
Rolf Rosenkranz has worked as a Global Editor for Devex. Previously, Rolf was managing editor at Inside Health Policy, a subscription-based news service in Washington. He has reported from Africa for the Johannesburg-based Star and its publisher, Independent News & Media, as well as the Westdeutsche Allgemeine Zeitung, a German daily.