New York City has a pilot program for migrant families applicants. The city and Mobility Capital Finance (MoCaFi) combine to provide financial services to asylum seekers and other underserved groups. Wole Coaxum, MoCaFi’s CEO and founder, pledged to increase financial access, boost the local economy, and help asylum seekers relocate.
NYC response to Asylum Seekers: Pilot Program for Migrant Families (Photo from WNYC)
NYC’s Innovative Pilot: Pre-paid Debit Cards for Migrant Families Offer Flexibility and Savings
The pilot program for migrant families will provide pre-paid debit cards to 500 families with children for use at bodegas, supermarkets, grocery stores, and convenience stores. Pre-paid cards instead of non-perishable food cartons are cheaper, saving the city $7.2 million yearly.
The “more cost-effective technology pilot program” gives pilot programs for migrant families applicants pre-paid instant response cards, according to City Hall. These cards let recipients buy food and infant essentials. Compared to hotel-provided non-perishable food boxes, this initiative is more flexible and respectable for migrant families.
Pre-paid debit cards are meant to provide asylum seekers more freedom to choose what they need. The program promotes financial inclusion and supports persons who have trouble using regular banks.
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Pre-paid Debit Cards Transform Aid for Asylum Seekers in NYC Pilot Program
Wole Coaxum stresses MoCaFi’s dedication to helping asylum seekers settle in the US. Pre-paid debit cards let families satisfy their immediate needs while supporting the local economy.
Asylum-seeking families will benefit financially from the New York City pilot program for migrant families. The city wants to make the shift from non-perishable food boxes to pre-paid debit cards more dignified and cost-effective to help asylum seekers adjust financially.
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