PayPal launches initiative to boost financial inclusion with Irish charities
PayPal has invited Irish charities to apply for bursaries totalling €13,500, in order to help people and businesses that struggle to secure safe and affordable financial services.
Individuals with poor credit histories usually find it difficult utilising financial services, creating a feeling of exclusion from accessing credit and other essential services. Start-ups and small businesses may also be disadvantaged if they run into difficulties making and receiving payments, and raising finance.
Maeve Dorman, head of global operations EMEA at PayPal, says: “Too many people are unable to access basic financial services or can’t afford the costs of managing and moving their money. The business community can play a part in addressing this.
“In Ireland, lack of access to financial services is a growing problem for some parts of our community, and through collaborations like this with local charities, we can make a real difference to the lives of those individuals, families and small businesses.
“We look forward to hearing some fantastic initiatives from charities that are committed to helping improve financial inclusion and those who are excluded from safe and affordable financial services.”
Two charities will be awarded $9,000 and €4,500, respectively, to aid people and businesses in this regard. Applications will be welcomed from registered Irish charities until the 30th September. An application form, as well as further information, can be found by emailing giveireland@paypal.com
