EML, CORE and Mastercard Partner to Provide Cash Assistance Program to Ukrainian Refugees

KANSAS CITY, Mo.–(BUSINESS WIRE)–Nonprofit Crisis Response HEART (Community Organized Relief Effort) launched a financial assistance program in the event of a humanitarian crisis in Ukraine in partnership with EML Payments Limited (ASX: EML) (S&P/ASX 200), Mastercard, the Stichting Giustra International Foundation, Tommy Humphreys and the Parker Foundation. The program will provide digital cash assistance directly to Ukrainian refugees, allowing families to choose how to meet their basic needs and resettle safely on their own terms.

With over 4 million people displaced*, humanitarian aid is urgently needed, and CORE and Mastercard have combined resources to develop a flexible cash assistance program in the form of prepaid payment cards. During the programme’s first pilot period, which starts today, 2,500 cards preloaded with €150 are being distributed to refugees fleeing Ukraine to Poland and other border countries. These funds will allow families to purchase essential supplies and obtain shelter during the 72-hour period typically spent in the area. After the initial pilot, CORE and its partners will provide thousands more prepaid cards to continue supporting refugees as this crisis unfolds.

“After lives have been turned upside down so suddenly and violently, we want to empower Ukrainian families to make the best choices for themselves as they navigate this humanitarian crisis,” mentioned Co-founder and CEO of CORE, Ann Lee. “We are honored and grateful for the support of our incredible partners, EML, Mastercard and the Stichting Giustra International Foundation, for making this cash assistance program a reality. CORE is fully committed to meeting the needs of Ukrainian refugees so as this crisis continues to unfold, and we will continue to work alongside local partners on the ground in Poland and other border countries to address immediate needs.

“As the humanitarian emergency in Ukraine continues to unfold, we are partnering with CORE and EML to rapidly mobilize this prepaid card relief program, which will disperse funding and humanitarian aid directly into the hands of refugees,” mentioned Solveig Hatton, SVP of Government Engagement, Mastercard Europe. “By providing assistance in the form of cash on a card, we can provide payment security and flexibility to those who need it most.”

Easily transportable and reloadable, the cards are an important source of crucial aid that offers flexibility to beneficiaries. General demographic information gathered through the cash assistance program will help identify migration trends, allowing CORE and Mastercard to anticipate future needs and adapt quickly. Funding for the program was made possible through an initial investment from the International Stichting Giustra Foundation.

“EML is working with CORE, its founders Sean Penn and Ann Lee, and Mastercard to urgently help financially empower communities during and beyond the crisis in Ukraine. We are passionate that people who have had to flee disasters around the world can quickly access emergency funds when needed,” mentioned David Curneen, Group COO at EML.

“The unprovoked Russian invasion of its neighbor has created a humanitarian disaster on a scale we have not seen in Europe since World War II,” he added. mentioned Frank Giustra, President of the Stichting Giustra International Foundation. “Under these conditions, it is imperative to act quickly to help those who suffer the most. This project promises to put money in the hands of those who need it most and allow them to decide for themselves what they need. We are calling on communities around the world to match our donation, so we can ensure that as many people as possible receive the support they need.

In addition to the cash assistance program, CORE is also working with international and local partners to provide emergency relief supplies, such as hygiene kits and thermal blankets, as well as supporting refugee community centers in Poland and Romania the influx of people fleeing continues to increase. To donate and learn more about the work of CORE, please visit www.coreresponse.org.

About CORE

Founded by Sean Penn and Ann Lee, CORE is a global crisis response organization dedicated to empowering underserved communities during and beyond crisis. CORE responds immediately to fill gaps, mobilize resources, and build trust and partnership. Driven by a diverse, women-led team, CORE listens and learns to tailor its critical equity-focused efforts to save lives and strengthen communities for the future. In rapid response to the urgent humanitarian crisis in Ukraine, CORE was one of the first organizations to support refugees in Poland and Romania, where it continues to provide essential support. For more information, visit www.coreresponse.org and follow CORE on Facebook, Instagram or Twitter.

About Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections in more than 210 countries and territories, we are building a sustainable world that unlocks invaluable opportunity for all.

About EML Payments

EML provides a platform for innovative payment solutions, helping businesses around the world create exceptional customer experiences. Wherever money is in motion, our agile technology can power the payment process, so money can be transferred quickly, easily and securely. We offer industry-leading program management and highly skilled payments expertise to create feature-rich, customizable solutions for businesses, brands and their customers.

Come and discover the many opportunities our platform has to offer by visiting us at: EMLPayments.com

Read more EML stories by visiting our newsroom: https://www.emlpayments.com/newsroom/

*Source: UNHCR, April 11and2022 https://data2.unhcr.org/en/situations/ukraine

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