Mastercard and Spot Money partner for a Priceless initiative that helps feed the nationSeptember 7, 2021 | Johannesburg, South Africa
Mastercard will donate three meals to FoodForward SA for every Spot Money account sign-up and one meal for every transaction made using Spot Money
Since the onset of the COVID-19 pandemic and the introduction of lockdown regulations, many South African households have been adversely impacted by hunger. According to Ipsos research, over 40% of the South African population is affected by hunger and almost half of people surveyed indicated that adults or children in their household had to go hungry during the Covid-19 pandemic.
To help counter this and as part of its ongoing commitment to sustainable economic growth and financial inclusion, Mastercard has partnered with Spot Money to donate meals for distribution to South African children in underserviced societies through FoodForward SA.
Until 7 October 2021, every time a consumer signs up for a Spot Money account, Mastercard will donate three meals to FoodForward SA. Each time a consumer taps, scans or clicks to pay using their Spot Money App or transacts with their physical Spot Money card, Mastercard will donate an additional one meal to FoodForward SA.
This initiative is aimed at assisting to reverse the spiral of poverty by eliminating hunger, driving inclusion, and enabling and empowering those in need.
“This campaign is a Priceless cause we know many people hold close to their hearts, and together, we can do more to be a force for good and make a real difference in people’s lives. Continuing our shared vision, we are combining our expertise in technology and digital innovation with that of our partners. In South Africa, we are collaborating with Spot Money and FoodForward SA with the goal of donating over 800,000 meals to provide vital food assistance to vulnerable communities,” says Kamini Redhi, Director of Marketing and Communications at Mastercard South Africa.
Supported by Mastercard’s technology, Spot Money is a digital banking platform that makes transactional banking easier, provides a Spot Money account that is fee-free, offers customers rewards when they transact and provides a marketplace for customers’ lifestyle needs – all in one app! The app enables users to pay using various payments methods including Scan to Pay (a QR code-based service), a virtual and physical Spot Money card, or contactless mobile phone payments.
“Our collaboration with Mastercard is set to make a positive impact in combating hunger and making a notable difference to thousands of vulnerable families across the country. Acknowledging that there is still a significant amount of work to be done to completely alleviate hunger, we believe that this collaborative effort is a step in the right direction,” says Andre Hugo, Chief Executive Officer at Spot Money.
The donated meals will be distributed by FoodForward SA to more than 1,200 beneficiary organisations across South Africa, helping reach millions of people.
“Thousands of registered non-profit organisations (NPOs) provide meals for those who cannot afford to buy food or for people who run out of money two weeks into the month. Partnerships between NPOs and the corporate sector are crucial at this time of recovery so that we can respond appropriately in vulnerable communities. We appeal to all South Africans to support this initiative and help us provide much-needed food services to those who are most in need,” says Andy Du Plessis, Managing Director at FoodForward SA.
Consumers can simply download the Spot Money App from (https://aspotl.ink/getspot) and open their Spot Money account completely online via the app. To complete their verification, clients simply need to complete a few easy steps. Once they have registered and topped up their Spot account with R150 (one hundred and fifty Rands), they can order and activate their Spot Money card through the app.
Spot Money is the only money app you’ll ever need! With Spot, you get transactional banking that’s easier, a Spot Money account that is fee-free, rewards when you transact and a marketplace for all your lifestyle needs. All in one app! Spot believes in keeping things simple because most things in life aren’t and are here to help South African’s make their money move!
About Food Forward SA
FoodForward SA was established in 2009. Their vision is a South Africa without hunger while their mission is to reduce hunger in South Africa by safely and cost-effectively securing quality food and making it available to those who need it. They recover good quality surplus food from retailers, manufacturers and farmers for redistribution to registered, vetted beneficiary organisations (BOs) which serve the poor. They reach 675,000 vulnerable people daily through a network of over 1,200 BOs. Their food distribution footprint extends across all nine provinces of South Africa. With six branches, they are the largest food distribution non-profit organisation in S. A and are part of a global movement focused on alleviating hunger and reducing the environment impact of food waste.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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