Business

Visa, Oxfam join hands in B-READY project for pre-disaster financial support


NAIROBI, Kenya, Dec 7 – Digital payment platform Visa and Oxfam America have partnered in Oxfam’s Building Resilient, Adaptive, and Disaster-Ready Communities (B-READY) project aimed at providing pre-disaster financial support to Kenya, the Philippines, Colombia, and Puerto Rico.

During the 28th United Nations Climate Change Conference (COP28), the two organizations agreed to scale the B-READY Project, which will provide preventative humanitarian assistance in the four countries termed high-risk locations.

B-READY will create a mobile-based payment solution infrastructure to digitize humanitarian payments to help families, individuals, and small businesses protect themselves and their assets before disasters resulting from weather, climate, and water hazards strike.

“At Oxfam, we know that climate change, poverty, and inequality are linked disasters that disproportionately impact the most marginalized people, worsening inequality and heightening the need to provide financial assistance to those who need it the most. We look forward to scaling B-READY with Visa to improve disaster preparedness and recovery for at-risk communities worldwide,” said Abby Maxman, President and CEO of Oxfam America.

Rajiv Garodia, global head of Visa Government Solutions at Visa, stated that the project will also help build resilience and decrease the impact of emergencies on people, homes, businesses, livelihoods, and governments.

“We are thrilled to join forces with Oxfam once again to extend anticipatory relief efforts that increase resiliency and financial inclusion for individuals and businesses,” said Rajiv Garodia, SVP and global head of Visa Government Solutions at Visa.

“Visa is poised to facilitate real-time, streamlined, and efficient money movement for pre-disaster payments, bringing tangible benefits to people and businesses. Our vision includes enabling financial inclusion, and this collaboration marks a significant stride towards empowering underbanked communities,” added Rajiv, global head of Visa Government Solutions at Visa.

The partnership aims to integrate three innovations under the B-READY project, including digital solutions, to create a global impact.

The B-READY was founded in the Philippines in 2019, providing cash grants to families and individuals after the landfall of Typhoon Ursula.

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It has since expanded to reach North Darfur, Sudan, and Indonesia.





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