With the area of Curaçao being hit especially hard by the Coronavirus outbreak, the region’s government is utilising fintech to help citizens back to stability.
A special card that holds credit, is being distributed to boost efficiency in the way the public of Curaçao gains access to essential items. It comes as the funds are made available by the region’s government.
The management of the credit and the settlement of funds is made possible by Dutch fintech KUARIO International BV.
The firm provides the digital voucher platform with which these credits can be managed quickly and safely.
The Curaçao government has created a ‘digital voucher’ for a group of people that already receive income support. Families receive an extra financial contribution for three months, that can be spent at designated local supermarkets.
The digital voucher, which is distributed in the form of a payment card, is personalised and contains a QR code that can be used to pay in the supermarket. However, participants first have to identify themselves at the cash register with an identity card or passport.
Retailers complete the payment by scanning the QR code using the specifically developed KUARIO SLIM PDQ app. This app works in conjunction with the KUARIO Digital Voucher Platform and is available on Android smartphones & tablets.
The KUARIO platform takes care of the complete transaction handling process, hereby unburdening the participating retailers and the Curaçao government of any extra work. The solution is made possible with local Curaçao distributors and is completely contactless which is another very important benefit as the region looks to eradicate the spread of COVID-19.