Glossary

CGAP

Consultative Group to Assist the Poor: a global partnership for financial inclusion and a research hub housed at (and closely linked to) the World Bank, which studies how digital finance, including stablecoins, can serve poor and crisis-affected people.

Also known as Consultative Group to Assist the Poor

Related stories

• HesabPay launches free Visa virtual cards, targets 1M in Afghanistan The Algorand-powered Afghan wallet behind $35M+ in UNHCR aid launched free Visa virtual cards Aug 13 with a 1M-card target — even as its 'self-custody bank' plans point to another chain.
• Mercy Corps stablecoin pilot cut Afghan aid costs 29% on HesabPay's Algorand rails Mercy Corps Ventures' Afghanistan pilot cut aid delivery costs 29% and arrived 10 hours faster using stablecoins via HesabPay, whose HAFN token settles on Algorand. 98% of recipients preferred digital.