Enabling Digital Payments a Crucial Response to Pandemic for Credit Unions
- Date : Thursday August 06, 2020
- Venue :
On August 6, ACCU CEO Ms. Elenita V. San Roque attended the online training organized by SPTF and M-CRIL. The session was aimed to enable MFIs senior management personnel to acquire necessary knowledge and capacities to and enable digital payments for their customers.
The COVID-19 pandemic has seen the MFI sector suffer the full force from the slowdown in economic activity and lockdowns resulting in reduced cashflows and difficulty in conducting normal operations making this a ’fundamental threat’ for the sector.
But now as the crisis management approach moves from complete lockdowns to a gradual re-opening it is imperative that MFIs prepare for this new normal. A critical part in this process will be enabling digital payments (disbursements and collections). This will help conduct business operations while maintaining social distancing and cashless operations.
SPTF and M-CRIL have come together to help organize a focused orientation session to facilitate MFIs in this process of enabling low-cost, efficient and suitable digital payments.