Smart Communications through its global campaign fund drive help.PH is hosting a forum on the re-establishment of commerce and restoration of trade networks in the typhoon-stricken areas of the Visayas.
Joining Smart in the forum are key representatives from the Philippine Disaster Recovery Foundation, Philippine Business for Social Progress, the United Nations Development Program, Supply Chain Management Association of the Philippines, Union of Local Authorities of the Philippines and the Land Bank of the Philippines.
This forum aims at tapping support from more key industry players and augmenting ongoing rehabilitation programs through a structured restoration support for local finance and market economies.
During the event, the UNDP, Landbank and Smart also formalized an agreement solidifying its Mobile Cash Transfer Program. The program is a special relief intervention mechanism that covers Yolanda-affected communities, and is a way to distribute cash electronically, to meet the cash requirements of the UNDP’s objectives. Leveraging on Landbank and Smart’s wide network, the program aims to enable beneficiaries across the country to have immediate cash; provide an easy alternative to track payments sent electronically, and increase security of transactions.
In an earlier initiative, Smart and Land Bank partnered to open up mobile automated teller machine (ATM) stations in Tacloban City to facilitate the flow of cash and revive commerce in the typhoon-devastated city.