Incubator program showcased M-Vatu and Oxfam CTP tonight

Yumi Wok incubator space showcased two financial inclusion products tonight in Port Vila.

The Vodafone’s M-Vatu service and Oxfam’s award winning cash transfer programme.

According to Vodafone, M-Vatu is an electronic value [e-money] backed by real money in a conventional bank account.

This new service by Vodafone will provide registered customers a secure platform to send and receive money in Vanuatu using a mobile phone.

Oxfam’s award winning cash transfer programme or UnBlocked Cash Project focuses on generating positive social change among some of the most vulnerable and remote communities in the world, starting with the Pacific.

This is achieved through the pioneering of a decentralized model to address the global challenge of delivering international aid to disaster-affected women and men in ways that are more efficient, transparent and sustainable, utilising Distributed Ledger Technology (DLT).

Yumiwork provides coworking space in Vanuatu, with business incubator programs.

Its objective is to support entrepreneurship, innovation and skill acquisition and to achieve that, they provide furniture, services, network and fun space in the Lolam building top floor in Port Vila.

The incubator’s top sponsors are Vodafone and BRED Bank.