Getting cash to the vulnerable population – Zunoma White Paper

Zunoma has released a white paper in partnership with the Post Office on ‘The innovative technology behind financial inclusion in the UK’ to highlight what ground-breaking financial technologies and support is available to the general population following the pandemic.

Around 93% of the UK adult population have access to financial services, meaning almost 5 million UK residents are excluded 

from financial support or the associated benefits that come with having a bank account. Recognising the need for inclusive financial services, and as the cost-of-living crisis worsens, Zunoma worked with the Post Office to develop the cash dispensary services, Payout and Payout NOW!

Zunoma’s whitepaper details the services, gives examples of the services in practice and ultimately demonstrates the positive impact a fully comprehensive cash dispensary solution can have for organisations looking to support customers without access to financial services.

Zunoma has identified that the Payout and Payout NOW! services have helped 120 businesses across the UK to provide financial relief services to 18.3 million individuals. Additionally, the scheme awarded over 100 asylum seekers with emergency cash within the first two weeks of the government granting asylum protection.

Phil Ouzman, Managing Director at Zunoma, said: “The Payout and Payout NOW! services are ideal solutions for local government, suppliers and charities to issue payments to vulnerable individuals that may not have access to a bank account and offer some relief from financial strain.

“We are incredibly proud to have worked in partnership with The Post Office to ensure that such a service is now in place.”

Download the white paper here: https://www.zunoma.com/payout-whitepaper/