With more than 132 million people worldwide requiring humanitarian assistance, the gap between the need for aid and available funding is growing. To address this gap, humanitarian responses must become more efficient and effective at delivering aid to those who need it most.
Cash assistance has been recognized as a faster and more effective form of humanitarian aid compared to in-kind assistance such as food, clothing or education. Cash transfers give more control to their beneficiaries, allowing them to prioritize their own needs. They also have a proven track record of fostering entrepreneurialism and boosting local economies.
However, to disburse cash payments quickly and effectively in challenging environments, humanitarian actors need to harness the technology and expertise of private-sector partners. Public-private partnerships can link poor and often remote populations with financial systems that can provide assistance over time.