We are excited to pursue this marvelous goal, and we know it is in reach! Currently Visa is supporting the roll out in Egypt of WWB’s highly successful micro-insurance for caregivers, as well as the local affiliate’s efforts to digitise its loan, repayments and insurance transactions. Half the gift has gone to the North Carolina Healthcare Foundation. The coffee company has also pledged 100 percent of its April profits to #FirstRespondersFirst. According to the World Bank, SMEs account for 90% of businesses worldwide and more than 50% of employment2. Businesses are driving much of the innovation and investment that is advancing digital payments and making financial inclusion possible. For more information, visit our grants page. Learn more about the information displayed in Forms 990 and 990-PF, as well as processing errors announced by the IRS.. Search results for: Organization Name: Foundation, State: , Zip: , EIN: , Fiscal Year: … Additionally, the foundation gave the Salvation Army $15 million for its work both nationally and focused in Indiana. In 2013, with the support of Visa and WWB, Diamond Bank in Nigeria developed the “BETA savings” account to build on the popular services of local savings collectors while providing greater convenience, access, security and enhanced formal financial services. Financial Inclusion helps put people on a path out of poverty, creates productive empowered citizens, fosters business opportunities and fuels economic growth. $48.5 million to help nonprofit groups, particularly those in Indiana, respond to the Covid-19 crisis. $50 million pledge to support nonprofit organizations across New York State to address health-related needs resulting from Covid-19. The “Product Incubator” programme is piloting five products at nearly 30 community financial institutions, with the goal of refining and then replicating them across the United States. $10.3 million for its grantees that are working to mitigate the impacts of Covid-19 in the eight cities where the foundation has offices, and another 18 communities beyond. This global initiative, which attracted 400 fintechs from 50 countries, spotlights 50 fintechs that index high on commitment to and performance in reaching the underserved. In 2019, we developed Practical Business Skills to provide educational resources and interactive tools to help small business owners start, manage and grow their companies. Financial Inclusion can help put people on a path out of poverty, create productive empowered citizens, foster business opportunities and fuel economic growth. To be one of these people is to face financial barriers that make life risky, expensive and inefficient. Women’s World Banking: To mark its inception, the Visa Foundation made its first financial commitment to Women’s World Banking – a five-year initiative of up to $20 million grant aimed at supporting millions of women-led micro and small businesses. $8.5 million to nonprofit groups involved in coronavirus-relief efforts. For an at-a-glance look at what you'll find on these documents, view these samples: Diagram of … $10 million commitment to strengthen public-health systems, education groups, and work-force organizations as they contend with the Covid-19 outbreak, particularly in the United States and India. Though the volume of venture funding continues to grow globally, investors often find significantly less data available about fintechs targeting underserved consumers and businesses. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list. Visa worked with the Center for Financial Services Innovation to study why this tool is underused and identify strategies for getting it into the hands of people who can benefit from it. Visa also developed an action plan to enhance digital delivery of the food and bread subsidy to 22 million households. Of this, $1 million has gone to the Silicon Valley Community Foundation’s Covid-19 Regional Response Fund. $30 million for coronavirus-relief programs, primarily those providing basic-needs and economic-relief programs to people in the areas where the bank operates. $35 million to International Medical Corps, Direct Relief, Feeding America, and other nonprofit partners to support their Covid-19 relief efforts. We are learning from credit unions and community banks with largely minority customer bases about successful, local products that are closing the inclusion gap as part of a multiyear partnership with the Filene Research Institute. Visa is working with governments in Egypt and the Dominican Republic to deliver wages and social welfare support to more than eight million households with Visa pre-paid cards. The Covid-19 Solidarity Response Fund has received $750,000 of the pledge, and the remaining $250,000 will go to the New York Community Trust’s NYC Covid-19 Response & Impact Fund. Governments are using Visa prepaid products to pay wages, social subsidies and pensions — moving away from cash and in-kind support. In China, Visa is working with government sponsors to reach 10 million underserved people by 2020 through research, best practices, training and product innovation, including through a “Financial Inclusion Demonstration Zone” in three Northeast provinces. $1 million to the Covid-19 Response Fund at the Foundation for the Carolinas and United Way of Central Carolinas. A separate grant of $3.5 million went to United Way of Central Indiana to meet basic needs of people living in the five counties it serves outside Marion County. Of the pledge, $10 million is designated for immediate emergency relief through frontline charitable organizations working in public health and food relief worldwide. $1 million to help first responders, community groups, and food-security organizations, including $500,000 to the United Way’s Safety Net fund. In South Carolina, the remaining $1.25 million was awarded to One SC, a fund created at Central Carolina Community Foundation in 2015 to respond to natural disasters. Simple, but not easy. With our reach, insights and technical capacity, Visa is well positioned to advance financial inclusion. Visa’s mobile-network product mVisa is overcoming bank branch scarcity by helping people access money or initiate a transaction at any merchant with a Visa logo in Rwanda, Egypt, India and Kenya. Visa’s mobile payment product mVisa is overcoming bank branch scarcity by helping people access and send money with any phone, on any mobile carrier, and pay at any merchant with the mVisa logo in India, Kenya and Rwanda. Visa succeeds with our partners. Some examples include: Working with financial institutions and fintech partners, Visa is finding innovative solutions for consumers and small businesses to pay and be paid, across various regions that have notably high percentages of unbanked populations. $11.6 million in emergency coronavirus grant making. In many parts of the world, getting money to another person is risky, expensive and inconvenient. Everyone, across the world, should have equal access to financial services and financial inclusion is the way to make that happen.
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