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.