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NYC To Give Migrants PrePaid Cards To Buy Food

Posted on AllSides February 5th, 2024
From The Left

New York City is rolling out a pilot program to give migrants pre-paid debit cards to be used exclusively at bodegas, supermarkets, grocery stores, and convenience stores. As CBS News reports, the program is estimated to save the city $7.2 million annually through a partnership with Mobility Capital Finance. Wole Coaxum, the CEO of Mobility Capital Finance, released a statement detailing the program’s aims. “MoCaFi’s goal is to expand access to financial resources for individuals excluded from banking, such as asylum seekers while helping the local economy. It is an...

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