Carrying and paying with cash can be less secure than electronic payments, as cash can be lost or stolen without any means of recovery. Relying on physical cash also can be less convenient, often requiring a long journey in order to access it. Throughout Africa, in India and in other emerging economies around the world, Visa’s electronic payments provides the underserved with a better way to pay for everyday necessities, such as food, clothing, medicine, transportation, and utilities.
Receive Social Payments From Government Agencies and Humanitarian Groups
Governments and humanitarian organizations are increasingly distributing money to social benefits beneficiaries using electronic payments to improve efficiency and security of disbursements. As part of an effort to promote financial inclusion while also improving service delivery, these agencies are using Visa prepaid products to deliver money to the unbanked and underserved, moving away from the distribution of physical cash or goods.