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Cash-Based Transfer to Fight Hunger

Since mid-2016, personalized NFC cards have been distributed to support more than 10 Million beneficiaries and dedicated NFC reader have been given to merchants. Beneficiaries collect their nutrition allowance from local merchants. Each smartcard stores beneficiary entitlements and biometric data to ensure that it can only be used by the person to whom it’s been issued.

The aim is to provide an efficient and valuable alternative to paper voucher system, able to reduce the risk of fraud & theft and broaden the choice of merchants & goods for beneficiaries while supporting the local economy. It works online and offline (extremely valuable considering the remote locations where the system is going to operate) and it also offers real-time monitoring and tracking of beneficiary figures, redemptions and reconciliations.

FAMOCO