Taking Digital Payments to the Last Mile
June 30, 2016
8:30 am-4:00 pm
Embassy Suites, Calle 70 No 6-22
UPDATE: Click here for the forum agenda
The government of Colombia has made financial inclusion—enabling more people to access and use basic financial services—a key strategy for alleviating poverty in rural areas, where 12 million people depend on agriculture for their livelihoods.
Only 10% of people in the poorest fifth of the population have a financial account, compared to 62% of the wealthiest one-fifth (2014 BBVA Research based on Findex data). But many people without accounts have a mobile phone, which has the potential to place digital financial services within their reach.
The use of mobile phones to make payments cheaply, securely, and without traveling long distances can transform the ability of rural people to purchase and pay for farm inputs and other goods, to make investments, to repay loans, and much more.
With government laws and policies now firmly supporting the use of mobile technology for financial inclusion, it is up to all sectors that comprise a digital financial ecosystem to come together and tackle the remaining obstacles to realizing the potential of digital payments.
Please RSVP here to join us for a day of building partnerships and identifying the next innovations that will expand digital financial services rural Colombians.
Photo credit: Manon Koningstein (CIAT)