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Best Practices for Rapid Cash Deployment

18 May 2020 — By Crown Agents Bank

This note shares some best practices for rapid cash transfers based on our experience delivering cash transfer programs in difficult operating environments.

Crown Agents Bank (CAB) and Segovia Technology joined forces last year to seamlessly manage payments to mobile wallets and banks in Africa. CAB has a long-term commitment to open safer trade corridors with developing countries and enhance financial inclusion, while Segovia has developed the technology to transfer money more easily, quickly, securely and cheaply.

Cash transfers through mobile money are widely regarded as a compelling option for COVID-19 humanitarian response as they are virtually contactless, protecting senders and recipients while complying with government directives to socially distance. These new circumstances have led to some innovative strategies being used for beneficiary identification and targeting, increased adoption of digital payments over cash, and lower fees.