a borderless e-bank that enables refugees to store and withdraw payments from anywhere
AlgoPay is a borderless e-bank that enables refugees to store and withdraw payments from anywhere
Along with not having access to standard payment systems like PayPal, a majority of refugees also have no place to store their income. On the macro-scale, it’s a borderless population of 67 million unbanked individuals, and on the micro-scale, it’s some of the world’s most vulnerable people carrying all of their savings in cash with no place to manage funds.
AlgoPay operates like both an e-wallet and an ATM. Users can store their income in AlgoPay’s digital wallet, and similar to Western Union, they can withdraw payments at any Algo vendor location— totally bankless. We’re currently running pilots in Turkey + Jordan and have signed a partnership with UpWork as the first user of Algo’s payment network.
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