Reportedly, The Visa Foundation has granted $2M for COVID-19 relief programs to organizations in the U.S. and Canada that are supporting the frontline workers and assisting in critical poverty alleviation. The organizations include Feeding America, Food Banks Canada, American Red Cross, Direct Relief, and Children’s Aid.
The North America funding includes $1 million to support hunger relief across the U.S. and Canada to Feeding America and Food Banks Canada, respectively. The additional funds to support first-line responders and health care workers through grants to the American Red Cross and Direct Relief. The funds also support New York’s children living in poverty through the Children’s Aid Society.
“Families and communities already living in impoverished conditions are struggling to meet basic needs in the face of the COVID-19 pandemic. These grants from the Visa Foundation will provide immediate assistance to address urgent needs such as hunger, poverty alleviation, and disaster relief for first responders and families across the U.S. and Canada,” said Oliver Jenkyn, president, North America at Visa Inc.
The foundation is also working to assist small and micro businesses, focussing on fostering women’s economic advancement, an important element to economic recovery after the COVID-19 pandemic, with its forthcoming 5-year $200M programs.
The Visa Foundation, is the humanitarian arm of Visa Inc, working with charitable organizations to support people and communities in need.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable, and secure payment network – enabling individuals, businesses, and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network, and scale to reshape the future of commerce. To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V), Coverage Page.
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