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Articlewww.empowch.com1y ago

Empowering Migrants and Displaced People Through Financial Inclusion: The Role of Empowch in the MENA Region

Empowch positions its blockchain-based digital wallet as a solution for NGOs delivering aid to Syrian and Lebanese refugees in the MENA region. The self-custody platform enables instant cross-border payments and cash conversion, reducing reliance on costly intermediaries and traditional banking infrastructure.

Financial InclusionPaymentsWallets
Lumen Loop's take

An estimated 1.4 billion people globally lack access to banking services, with displaced populations in the MENA region facing even steeper barriers. Empowch argues that blockchain technology, particularly self-custody wallets, can address this gap by enabling NGOs and aid organizations to deliver funds directly to Syrian and Lebanese refugees. The platform leverages the same Stellar-based infrastructure the UN used for emergency aid to Ukrainian refugees, but with an additional feature: cash conversion in Lebanon. By eliminating intermediaries and reducing transfer delays, Empowch positions financial inclusion as both a practical infrastructure problem and a humanitarian imperative.

Mentioned projects
1 project linked
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EmpowchApplications
SCF
Software WalletUnbankedMobile

Offering a mobile wallet to the unbanked the MENA region by connecting them with family members abroad.

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