Yoursafe Sponsored-IBAN is a European-proven solution that enables sponsors to distribute funds efficiently to beneficiaries while maintaining full control. Each beneficiary receives a unique IBAN, visible exclusively in the Sponsor Tool. Sponsors decide whether to share the IBAN with beneficiaries, ensuring secure and controlled fund management. This innovative approach empowers sponsors while offering beneficiaries safe access to financial support.
Each beneficiary gains access to secure card payments, empowering them to manage their funds digitally, without the need for cash distritbutions. Whether it's purchasing essentials or accessing local services, the card ensures convenience and inclusion while maintaining control over spending.
The Yoursafe App, available on Android and iOS, allows all beneficiaries to check their balance and transactions.
Sponsors can configure how beneficiaries use their funds, from ATM withdrawals to card payments and online purchases. Restriction options ensure that funds are spent appropriately while preserving beneficiary privacy and dignity. Flexibility meets accountability with tailored payment settings.
After a Sponsorship is ended, beneficiaries can use their Sponsored-IBAN and their connected Visa card at other Sponsors throughout Europe. The unique Alias Token - printed on the front side of the Yoursafe Visa Card - allows easy migration from one Sponsor to another.
If no new Sponsorship is available, beneficiaries can upgrade to a full payment account under the EU Payment Account Directive. After upgrading, they get full access to their IBAN, allowing them to send and receive payments.
Yoursafe Sponsored-IBAN is trusted by the Central Agency for the Reception of Asylum Seekers (COA), a governmental institution in the Netherlands, where over 130,000 cards have been successfully issued to asylum seekers. This large-scale implementation showcases the platform's ability to provide secure, efficient, and dignified financial solutions. Beneficiaries can access funds digitally via their cards while sponsors maintain control through the Sponsor Tool. The COA use case highlights Yoursafe Sponsored-IBANs reliability in supporting vulnerable groups, empowering them with seamless financial access and integration into local communities.
Yoursafe Sponsored-IBAN supports Apple Wallet and Google Wallet, allowing beneficiaries to enjoy the convenience of modern, digital payment tools. Whether making contactless payments or managing their finances on the go, compatibility with these platforms ensures an effortless and secure experience for all users.
Safety is a priority with Yoursafe Sponsored-IBAN. Payments are protected by SEPAs robust infrastructure, while card transactions utilize 3D Secure for enhanced fraud prevention. With this system, both sponsors and beneficiaries can trust every transfer and purchase.
Yoursafe Sponsored-IBAN makes it easy for beneficiaries to transition between sponsors, whether moving within a country or across Europe. Beneficiaries keep their card and IBAN, ensuring uninterrupted access to their funds and payments. The system allows seamless integration into new communities or programs, simplifying financial continuity.
Sponsors benefit from a flexible solution that accommodates changes without complications. Yoursafe Sponsored-IBAN ensures beneficiaries experience smooth financial support, no matter where life takes them.