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.
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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.
About the author
Rolf RosenkranzRolfRosenkranz
Rolf Rosenkranz oversees a talented team of in-house journalists, correspondents and guest contributors located around the globe. Since joining Devex in early 2008, Rolf has been instrumental in growing its fledgling news operation into the leading online source for global development news and analysis. 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.