ING has partnered with Dutch startup, Whydonate, to create a contactless charity collection box to help keep the charity sector innovative in a time when cash is being used less frequently.
According to ING, the box was created in only a matter of days, in collaboration with Whydonate at ING’s innovation lab ICEC. It will be introduced as a pilot in 2017 in the Netherlands.
“The idea is perfect for charities wishing to embark on door-to-door fundraising, a method that has suffered a downturn in recent years. Recent studies by ING’s Economics Bureau show that 52 percent of consumers don’t usually keep cash in their house,” ING spokesperson said in a statement.
These figures are evidenced around the world, especially in the UK where contactless technology has prospered. According to the latest statistics (October 2016) from the UK Card Association, there are a total of 100.1m contactless cards in issue in the UK, which marks an increase of just under 30% over the year. In a single month of October, 312.6m contactless transactions were made, an increase of 13.6% on the previous month and 159.4% over the year.
“People are already increasingly comfortable with contactless transactions in a commercial environment and on the transit network in London, and so the transition to the charitable sector should be a natural one for many people,” Nick Adams, Barbican’s spokesperson, told PaymentEye at the time.
The crowdfunding was part of a £22m funding round that will support the launch of a current account facility.
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