Sample of the IOM-Mastercard product developed for delivery of financial support to refugees and migrants Credit: IOM
Sample of the IOM-Mastercard product developed for delivery of financial support to refugees and migrants Credit: IOM

The International Organization for Migration (IOM) has partnered with Mastercard to support migrants and refugees in Romania, providing them with prepaid cards for financial independence and with training courses.

The first joint IOM-Mastercard initiative, launched last week, provides for non-refundable financial incentives and support through prepaid cards. The cards are free for the beneficiaries and can be used for any purchase, with some restrictions due to national laws, donor conditions, and IOM practices. The partnership was also planned to provide financial training to allow migrants and refugees to independently manage their material needs and family resources. The sessions will be provided free of charge each week at a local migrant integration centre, coordinated by IOM. 

Financial support for integration 

"We're confident that this partnership will allow migrants and refugees to contribute to their host communities, bringing not only economic benefits for everyone, but also improving integration and social cohesion," said Mircea Mocanu, head of the IOM office in Romania. He said successful integration must be a process that works both ways, in which migrants and refugees and the local community understand each other's needs, expectations, practices, and cultural differences. "Involving the private sector in supporting integration is the next step in this holistic process, and it also opens a way for improved understanding on the questions linked to migration," he said.
 

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