The Red Cross has announced a partnership with Danish fintech company Inpay that will help it to reach more countries for emergency aid funding.

The humanitarian charity said that the partnership will enable it to save several million Danish kroner annually, which can be used directly for humanitarian work.

Inpay noted that it is a challenge for the Red Cross to transfer funds to people in need of humanitarian aid in Africa and Asia which traditional international money transfer services fail to reach.

Myanmar is one of the countries where the organisation has struggled to deliver aid to factors such as severe flooding.

The partnership allows the Red Cross to transfer funds directly to partners in Myanmar. Inpay said it will initially include Myanmar, Bangladesh and Ethiopia and aims to expand the payment service to other countries where the Red Cross is active.

Commenting on the news Louise Isafold, chief financial officer of the Red Cross, said: “The Red Cross works in countries where regular bank transfers are not always possible. This means that it can be both expensive and challenging to get funds to some of our programs.

“We are pleased that with Inpay, we have found a partner that can complement our regular banking collaboration and ensure reliable, fast and low-cost transfers in local currency to places like Myanmar, Bangladesh, and Ethiopia. We look forward to expanding the partnership to include even more countries where regular bank transfers do not reach.”

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