Amman—Boloro and BanQu are pleased to announce winning the ‘Innovate for Refugees’ global competition held by MIT Enterprise Forum Pan Arab and sponsored by Zain Group, MBC Hope, under the patronage of Her Majesty Queen Rania Al Abdullah. The Boloro and BanQu solution for refugees is a strategic partnership between Boloro Global Limited, a USA-based global payments gateway platform and BanQu, Inc., a leading block chain economic identity platform company. The solution is being implemented by Boloro MENA, based in Amman, Jordan.
The winning project leverages the strengths of BanQuand Boloro, enabling the ‘first-ever’ portability of critical data needed by refugees and people living in poverty across organizations, across borders and across economic opportunities. In collaboration with Payment Service Providers (PSPs), licensed by Central Bank of Jordan, the holistic solution will create a full payment ecosystem throughout Jordan, allowing the end user to have a unique identity, a legal source of funds & enable usage for purchasing goods and services, online and offline. The solution allows international NGOs (such as the United Nations) to transfer grant funds to refugee wallets in a secure and transparent way. Thus providers of financial and development resources can drive stronger data-driven insights on the outcomes of their programs.