By: Richard Welford | Chairman at CSR Asia | June 27th, 2013

Disaster relief and financial inclusion: two important development issues, but not perhaps ones that you’d expect to see tackled as part of the same programme. Visa however, has been doing just that. Using its core expertise in electronic payment systems, Visa has been working alongside governments and NGOs to facilitate the delivery of aid payments to people affected by disasters and conflict. The rationale is one of efficiency and effectiveness – cash-based handouts can be labour intensive and at risk of loss. In addition, electronic payments can also be linked to a bank account at a licensed financial institution: often the first opportunity for many people to be included in the formal financial system. It’s an interesting example of a corporate programme which has the potential to genuinely deliver shared value to both the community and the company. Read the full post at CSR Asia Weekly.