August 19, 2024, 8:00 a.m. • Innovation~Partnerships
Each year, World Humanitarian Day serves as a powerful reminder of the immense challenges faced by hundreds of millions of people worldwide. These individuals and families, often displaced by conflict, natural disasters or economic instability, rely on the global community for humanitarian assistance and protection. As the world grapples with crises in every corner, the need for effective, timely and compassionate aid has never been more urgent.
In this context, MoneyGram is committed to supporting communities in need, working closely with some of the world’s largest aid organizations to deliver critical financial support. Through our global payment network, we can facilitate the swift and secure disbursement of funds, ensuring that aid reaches the hands of those who need it most around the world.
The Power of Partnership: MoneyGram’s Collaboration with RedRose
One impactful partnership in our humanitarian efforts is with RedRose, a leading platform for digital aid distribution. RedRose has revolutionized the way aid is delivered through the use of cutting-edge technology to disburse aid funds to vulnerable populations across the globe. By leveraging MoneyGram’s global payment rails and modern set of APIs, RedRose and its partners have been able to offer a lifeline and essential financial assistance to people in crisis.
This partnership has been particularly instrumental in supporting those affected by the ongoing conflict in Ukraine and its neighboring countries. In a region that has seen millions of people displaced and entire communities uprooted, RedRose, with the help of MoneyGram, has been able to disburse much-needed cash assistance to those struggling to rebuild their lives. Families in countries such as Poland, Romania, Moldova, Bulgaria, Slovakia and Hungary have all seen the impact of this partnership, with funds being distributed quickly and securely to ensure that aid reaches those who need it most.
A Milestone in Our Humanitarian Aid Efforts: Over $350 Million Distributed
This year, we are proud to announce that our partnership with RedRose has crossed a significant milestone: over $350 million in aid has been distributed via the MoneyGram network. This achievement underscores the critical role that financial services can play in humanitarian efforts, particularly in times of crisis. It also highlights the effectiveness of digital solutions in ensuring that aid reaches even the most remote and hard-to-access areas.
This private sector partnership is testament to the power of collaboration, innovation and the shared commitment to making a difference in the lives of those who are most vulnerable. While we take pride in the aid distribution milestones we have achieved, we are acutely aware that the need for humanitarian assistance continues to grow.
On this World Humanitarian Day and every day, we will continue to work hand-in-hand with partners to help support the hundreds of millions of people around the world who rely on humanitarian assistance. Knowing the power of collaboration and innovation – paired with compassion – we challenge the financial industry to continue to work together to help make an impact.