Washington D.C., March 25th, 2021- National Cash Transfer Co. (YCASH) joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 220 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome National Cash Transfer Co. (YCASH) to further grow our mission.” said Matthew Gamser, CEO of the SME Finance Forum.
As the first company specialized in the provision of humanitarian cash transfer services in Yemen, YCASH has established various partnerships including financial and technological partners and initiatives to enhance humanitarian transfers and other financial and non-financial services. Since its establishment, YCASH has become the exclusive partner of MasterCard’s Community Pass to provide humanitarian and development solutions in Yemen. The company has also launched a technological initiative YSys, offering FinTech and smart humanitarian solutions.
“In the long run, YCASH aims to maintain the continual development of services, systems, and modalities, further partnerships, and provide innovative solutions for donors, financial service providers, NGOs, entrepreneurs, clients and beneficiaries. Thus, we believe that by connecting and collaborating with peer institutions through the SME Finance Forum, we can expose our innovations, our business and exchange experiences on the innovation of SME banking,” said Mohammed Abdullah Humaid, YCASH General Executive Manager.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
About National Cash Transfer Co. (YCASH)
National Cash Transfer Co. (YCASH) was launched in October 2019 as the first company specialized in providing humanitarian transfers, especially cash transfers and in-kind transfers services in YEMEN, partnering with financial service providers and humanitarian actors. YCASH’s mission is to provide financial and non-financial services, deliver cash and in-kind and innovative solutions through partnerships to contribute to financial inclusion and communities development. YCASH customers include banks, micro-finance institutions, insurance companies, money transfer networks, cash transfers companies, international remittance companies, retailers, NGOs, communities, and beneficiaries.
Read more info at https://ycash.company/