Nordic open banking provider, Neonomics, has decided to support UNICEF Norway in order “to make donating this holiday period easier and more secure by harnessing the power of open banking payments.”
The holiday period is “the most important time of year for charities, but with the decrease in the use of cash, charities must look for alternative ways to increase their non-cash donations, without having to compromise convenience.”
With open banking, donators are able “to pay directly by bank meaning there is no need for them to share sensitive data or card details, making donations more secure.” At the same time reducing costs for non-profit organizations as open banking payments “are significantly more cost efficient as compared to other payment alternatives.”
CEO and founder of Neonomics, Christoffer Andvig said:
“Our goal is to create a more efficient payments ecosystem benefiting both those that donate and those that receive donations. UNICEF has been instrumental in promoting causes that we strongly support and with our small contribution we hope to inspire others in our industry.”
Director for Marketing and Fundraising, Marianne Myhrer Kristiansen at UNICEF Norge, said:
“At UNICEF, we’re committed to helping and protecting disadvantaged children such as in war, poverty and violence. Unfortunately, we have seen a lot more of this this year with the war in Ukraine and the consequences also for children and families around the world. We’re pleased that Neonomics are supporting our mission through their work.”
To help maximize the reach of this campaign, Neonomics will “not charge any transaction or processing fees.”
As noted in the update, UNICEF works in the world’s toughest places “to reach the most disadvantaged children and adolescents – and to protect the rights of every child, everywhere.”
Across more than 190 countries and territories, they claim to “do whatever it takes to help children survive, thrive and fulfill their potential, from early childhood through adolescence.”