The United Nations World Food Program (WFP) is launching an electronic cash delivery system in Nepal. Aimed for people employed in the WFP’s cash- and food-for work programs in western Nepal, this smart card system will deliver financial services to 484 households.
The U.N. has partnered with Nepal’s Siddhartha Bank, issuer of the smart cards, for the pilot of this program. The smart cards will store users’ identification information and savings records, and their food benefits and salary will be loaded onto the card.
To access their money, cardholders take their card to a Siddhartha Bank branch, where the bank agent will swipe the card and complete identity verification.
As an incentive, Siddhartha has waived its Rs300 smart card fee for these cardholders.
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