The humanitarian aid fund transfer process is fraught with long wait times and little dignity for people in need. HesabPay, Afghanistan’s first and only interoperable digital payments system, uses the Algorand blockchain to transfer funds to recipients quickly and transparently so they can access funds, purchase necessities, and pay bills without waiting in line.
"Transaction fees on Algorand are very low and consistent. Settlement is extremely fast, and the network is never down, making it the perfect solution for our needs."
- Sanzar Kakar, Founder, HesabPay
Afghanistan lacks reliable digital payment systems, making it difficult to transfer money and make payments amidst major geopolitical challenges, especially for women who have lacked financial access.
HesabPay uses Algorand for Afghanistan’s first and only interoperable digital payments platform, enabling transactions like bill payments and person-to-person transfers within a single app.
Key benefits
- HesabPay provides an open, interoperable solution that connects financial institutions and payment networks.
- The solution eliminates paper-based processes, avoids duplicate payments, and reduces aid distribution costs.
- Over a dozen humanitarian organizations have used the platform to send funds to beneficiaries.
With low transaction fees and instant finality, Algorand makes payments affordable and efficient for users.
Algorand can eliminate paper-based processes, reduce distribution costs, and increase efficiency in digital payments – even in the world's most banking-distressed regions.
Algorand’s scalability powers HesabPay’s platform growth through a high volume of transactions.
HESABPAY SOLUTIONS ARE USED BY:
