A SYSTEM AND A METHOD FOR RECEIVING AND DISBURSING DONATION

摘要

A system for facilitating the transaction of donation funds is disclosed. The system allows for the collection and disbursement of recurring donations. The system comprises a plurality of donors (110), at least one donation collecting institution (120) and a plurality of recipients (130). The plurality of donors (110) contribute donations to the donation collecting institution (120) in which the donations are gathered to form a pool of donation funds. The pool of donation funds is supervised and controlled by at least one global entity (125) which disburses and distributes the pool of donation funds to the plurality of recipients (130) via a plurality of kiosk terminals in the form of mobile airtime credit and mobile wallet points.