Since ATM cash withdrawals were around 40% lower due to coronacrisis, many charities faced a critical drop in donations as fundraising activities were stopped
UK fintech launched QR-code based donations tool. Source: pexels.com
Bristol fintech business Evershare has launched a QR-code-based donations tool for charities, with payments powered by Moneyhub, the data, intelligence, and payments platform.
Moneyhub’s payment API enables donations to be paid directly from the donor’s mobile banking app to a charity’s existing bank account. This eliminates the need and cost of traditional card-based solutions, enabling charities to keep more of the money gifted.
The technology claims to ensure instant, more secure, and cheaper payments and provides a safe alternative to cash. People can use the Evershare platform for donations of up to ￡10,000.
According to information, the service is supported by 22 major UK banks and has automated Gift Aid, boosting donations by an additional 25%.
We’ve reported that Walmart completed sale of its UK business.
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